With a market capitalization of €71billion, Munich Re Group (XFRA: MUV2) is among the world’s leading reinsurance and insurance groups, headquartered in Munich, Germany. The group offers reinsurance, primary insurance through its ERGO division, and a broad range of insurance-related risk solutions on a global scale. Renowned for its financial strength, analytical expertise, and innovation in risk management, Munich Re operates across property-casualty, life and health, and specialty insurance lines.
MedNet, a fully owned subsidiary of Munich Re, provides comprehensive managed care and health-risk management services across the MENA region. Headquartered in Dubai, UAE, with subsidiaries in Jordan, Bahrain, Oman, and Egypt, MedNet employs over 850 professionals. The company functions as a third-party administrator (TPA), managing claims, policy administration, and medical network operations for insurers, self-funded schemes, and government programs. It supports insurers in designing tailored health insurance solutions and delivers medical management services including case management, utilization reviews, and second opinions. MedNet also develops and maintains extensive networks of hospitals, clinics, laboratories, and pharmacies to ensure cost-effective access to healthcare. In addition, the company provides training and consulting services, and leverages digital tools and proprietary systems to streamline policy administration and enhance member services.
MedNet’s Finance department safeguards and manages the organization’s financial integrity and sustainability. Its core functions encompass strategic financial planning, budgeting and forecasting, performance management, treasury and capital management, accounting and financial reporting, procurement and accounts payable, credit management, and corporate tax compliance. The department ensures the prudent allocation of resources, effective risk management, and the ongoing financial stability and growth of the organization. Operating as a shared services centre for all legal entities and business units, the finance team comprises over 20 professionals.
Reporting hierarchically to the CEO of MedNet and functionally to the Regional CFO of Munich Re, the MedNet CFO role encompasses the following key duties and responsibilities:
Provide strategic financial leadership aligned with organizational objectives and advise the CEO and executive team on financial matters
Lead budgeting, forecasting, financial planning, and performance management across the organization
Oversee accounting, financial reporting, statutory compliance, and internal controls to ensure accuracy and integrity
Manage treasury, cash flow, capital allocation, and banking relationships
Oversee tax compliance, external audits, and adherence to regulatory and governance requirements
Drive cost efficiency, procurement oversight, and financial discipline
Partner with business units to support decision-making, profitability, and operational effectiveness
Lead digital and process improvements within the finance function to enhance efficiency and data-driven insights
Build and develop a high-performing finance team and promote continuous improvement and strong financial governance.
Your Profile:
Bachelor’s degree in Accounting, Finance or Business Administration, or a related field
Master’s degree (MBA or relevant postgraduate qualification) strongly preferred
Professional certification (CPA, CFA, ACCA, or CMA) strongly preferred
Experience in financial services, health insurance or healthcare preferred
15+ years of progressive financial leadership experience
Strong knowledge of financial reporting, IFRS, and regulatory requirements
Expertise in budgeting, forecasting, and long-term financial planning
Deep understanding of corporate finance, capital allocation, and treasury
Experience with risk management, controls, and governance frameworks
Proven ability to manage banking, auditors, and other external stakeholders
Demonstrated leadership experience managing and developing finance teams
Ability to design and drive financial strategy aligned with business goals
Strong analytical, problem-solving, and decision-making skills
High proficiency with financial systems, ERP platforms, and data analytics
Excellent communication skills, including board-level reporting
Strong commercial acumen and ability to partner with CEO and executive team
Ability to operate in fast-paced, complex, or international environments
High ethical standards and unwavering commitment to compliance and integrity
Experience in working the Middle East region preferred
At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us
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