Munich Re

IT Product Manager

Munich Re  •  Commonwealth of Australia (Hybrid)  •  22 days ago
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Job Description

The Australia and UK-IT Shared Service Organisation (SSO) Solution Delivery teams for Global Markets serves as the strategic link between business stakeholders, technology teams, and external partners to deliver and operate critical business applications and digital solutions.

Reporting to the head of Munich Re Speciality - Global Markets (Claims Europe & Asia) based in London, UK. The IT Product Manager role combines business relationship management, product ownership, business analysis leadership, application management, and operational governance to ensure technology investments support business strategy and long-term architectural goals. Responsibilities span the full insurance value chain across Finance, Underwriting, Claims, and Core Insurance platforms.

Your Role

Business Partnership & Strategy

  • Build strong relationships with business stakeholders to understand strategic and operational objectives.
  • Translate business goals into technology roadmaps and product plans.
  • Identify opportunities for automation, digitalisation, process optimisation, and efficiency improvements.
  • Drive initiatives that enhance customer and operational user experiences.
  • Ensure technology deliveries meet agreed business benefits

Product Ownership & Lifecycle Management

  • Own and manage complex products and applications throughout their lifecycle.
  • Define product vision, roadmap, priorities, and backlog.
  • Ensure solutions remain secure, compliant, resilient, cost-effective, and aligned with business needs.
  • Manage transitions from project delivery into BAU support.
  • Act as the primary liaison between business users in Australia and IT team in the UK.
  • Lead the gathering, analysis, documentation, and prioritisation of business and system requirements.
  • Produce key artefacts including user stories, requirements documents, process models, UML diagrams, data mappings, and gap analysis.
  • Collaborate with architects, developers, vendors, and SMEs to ensure solution alignment.
  • Support deployment, release management, operational readiness, and organisational change activities.

Application Operations & Service Management

  • Oversee application support, maintenance, incident and problem management.
  • Manage major incidents and coordinate resolutions with Group Technology teams.
  • Maintain application records in governance platforms such as LeanIX and ServiceNow.

Governance, Risk & Compliance

  • Ensure compliance with enterprise architecture, security, governance, and regulatory requirements including necessary technical and security refactoring.
  • Perform risk assessments and maintain effective controls.
  • Support CAB processes and change governance.
  • Maintain product documentation, architecture artefacts, and operational procedures.
  • Know and manage product costs and budgets including driving cost optimisation while maintaining service quality and business value.

Testing, Training & Change Management

  • Coordinate UAT planning, execution, defect management, and sign-off.
  • Define testing outcomes and acceptance criteria.
  • Support user adoption, business readiness, and organisational change.
  • Develop training materials and operational guidance.

Your Profile

Essential

  • 5+ years' experience managing IT products, platforms, or digital transformation programmes within Commercial Insurance.
  • Proven track record of successful technical business relationship management.
  • Excellent communication and presentation skills.
  • Strong background in Product Management, Business Analysis, and Application Management.
  • Experience with Core Insurance Platforms.
  • Good understanding of underwriting, claims, finance, policy administration, and distribution processes.
  • Knowledge of Commercial Insurance operating models.
  • Experience with Agile, Scrum, SAFe, Waterfall, and hybrid delivery approaches.
  • Proven capability in application support, vendor management, and working on complex global initiatives.

Desirable

  • Knowledge of enterprise architecture and integration frameworks.
  • Familiarity with LeanIX, ServiceNow, and ITSM practices.
  • Relevant certifications such as CBAP, BCS, PMI-PBA, PRINCE2, PMP, Agile/Scrum, ITIL, or Product Management qualifications.

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 center of this interaction is each of us.

Munich Re

About Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. We are globally active and operate in all lines of the insurance business.

Since our founding in 1880, we’ve been known for our unrivaled risk-related expertise and sound financial position. We offer customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. We possess outstanding innovative strength, which enables us to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyber attacks, or pandemics.

We’re also playing a key role in driving forward the digital transformation of the insurance industry, and in doing so have further expanded our ability to assess risks and the range of services that we offer. Our tailor-made solutions and close proximity to our customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

Working at Munich Re is more than a career. It’s an invitation to tackle some of the world’s most pressing challenges. Together with our team, consisting of specialists from more than 80+ fields of expertise, we turn risks into exciting opportunities that move humanity forward. https://www.munichre.com/en/career

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Münchener Rückversicherungs-Gesellschaft

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Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Munich, DE
Year Founded
Unknown
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