Richard Reynolds-Vice President– Head of Claims Operations, Europe
Experience
Vice President– Head of Claims Operations, Europe
SOMPO International
Managing TPA Manager and a team of 10 Claims Operation Assistants.
Designing and implementing processes and workstreams using Guidewire from the ground up with European claims teams across all lines of business.
Establishing service level agreements (SLAs) and detailed key performance indicators (KPIs) with new business intelligence (BI) reporting, payment and performance analysis.
Developing, steering and analysing 50+ strategic, operational and IT initiatives, driving digital change and AI automation in payments while meeting DORA, GDPR, ACM and BAIT MaRisk regulatory compliance.
Increasing customer satisfaction scores by 80%.
Attracting and mentoring market-leading operational and TPA talent.
Demonstrating strong stakeholder leadership and swift decisional influence.
Vice President– Head of Underwriting Operations, Northern Hub
SOMPO International
Recruiting, leading and mentoring 20 underwriting assistants with full P&L responsibility.
Redesigning and automating procedures to transform underwriting capacity, analytics and capabilities across all business lines.
Establishing business intelligence (BI) reporting and modelling of new processes.
Transforming a mid-sized insurer to compete as a top-10 market player.
Rapidly building two strategic, high-performing, multilingual European operations hubs while meeting KYC and other regulatory requirements.
Pioneering AI adoption and innovation through “Quick Quotes” and “Submissions Centres,” saving five headcount.
Senior Director - Risk Operations Officer, Global
Finastra
Managing a global team of 10 managers and 102 account managers.
Owning budget responsibility and reporting to the executive board and C-level.
Revamping the business model for corporate governance and operational risk.
Introducing a new retention and risk forecast to improve customer success planning.
Governing compliance, business continuity and business transformation while initiating data modernisation projects and analytics.
Leading multiple multi-million dollar financial, core banking and reporting system implementations from inception to delivery using agile methodologies.
Innovating in AI, digital transformation and big data by listening to the voice of the customer and building centres of operational excellence.
Director - Regional Operations Officer and BDM, All Europe
Finastra
Expanding role to include business development, creating go-to-market road maps and developing pipeline through marketing, partners, professional services and sales methodologies.
Governing strategic client accounts at C-level and preparing quarterly business review reports.
Developing new business opportunities, digital strategies and enterprise architecture modelling for cloud, PaaS and SaaS initiatives.
Leading the Finastra/Misys operational integration, regulatory and rebrand project, reducing costs by 7% (~$6.3m).
Signing a $21m new business deal, driving up- and cross-sell growth and winning the 2021 Diamond Club Award for exceeding sales targets.
Director - Regional Operations Officer, Europe
Finastra
Overseeing numerous global project deliveries, coordinating across departments and establishing extensive client networks.
Collaborating with senior management in product development, legal, finance, professional services and sales teams.
Preparing and leading monthly business account reviews.
Driving operational priorities, leading client escalations, ensuring quick resolution and conducting root cause analysis.
Establishing customer success planning, building CRM and customer journey blueprints.
Developing the Customer Satisfaction Health Index and playbook, winning the Technology Industry Customer Experience Award in London on 2017-09-28.
Operations Director – Europe, Middle East & Africa
CHUBB European Group SA
Managing 13 direct manager reports and 174 operation specialists.
Serving as a member of the senior management team and EMEA operations profit centre holder.
Innovating digital business strategy for operational excellence, underwriting profit and service optimisation, productivity and offshoring.
Implementing lean underwriting and customer service efficiencies, IT and business operational effectiveness.
Developing and implementing SME, middle market and major accounts SOPs and KPIs.
Outsourcing and streamlining processes including underwriting, document and process digitalisation, and self-service broker portal.
Implementing new sales pipeline reporting and reinsurance and commission analytics.
Formulating corporate operational business plan with digital e-fulfilment, achieving a 200% year-on-year uplift.
Negotiating and asserting annual and five-year financial plans and expense management.
Reducing the combined ratio to 82% through a re-underwriting audit initiative.
Streamlining back-office operations via lean management and offshore transition, saving $6m.
Senior Operations Project Manager, Europe
CHUBB European Group SA
Managing four project managers and a business analyst.
Implementing financial, underwriting, claims, document and reporting systems for ACE’s property, casualty and multinational European divisions.
Leading end-to-end project management, budget control, procedures, user acceptance testing, training, user manuals and global roll-out.
Overseeing multinational and Sarbanes-Oxley auditing in the EMEA region.
Initiating a European operational and consumer analytical research and change study, incorporated into the five-year strategic vision.
Reducing third-party agreement costs by 12% through renegotiation, training, QA, compliance and customer service.
Optimising processes and controls through workflow redesign, defining guardrails, new KPI reporting, SLAs, root cause analysis and audit check management.
Chief Financial Controller
Macro 4
Managing a team of eight management accountants.
Leading the implementation of the Agresso accounting system.
Overseeing stock exchange flotation and consolidation of group subsidiaries’ statutory accounts.
Developing a modernised management account pack including P&L, balance sheet, variance analysis, KPIs, target operating models, payroll, corporate finance, risk portfolio and business continuity.
Managing sales team targeting, budget and quarterly business forecasts.
Handling cashflow management, payroll preparation, procedural implementation and order book analysis.
Executing company flotation and Agresso accounts package implementation.
Finance and Operations Manager
Reliance National Limited
Managing 15 back-office operation specialists on an expat programme in Germany.
Liaising between head office and local office to ensure transparent communication and engagement.
Meeting strict operational deadlines set by the US parent company.
Producing monthly P&Ls, balance sheets, expense reports, insurance ratios and German, UK and US GAAP statutory accounts.
Developing local budgets and forecasts, broker credit controls, financial modelling, tax calculations and FSA reports.
Conducting sub-branch internal audits and liaising with external auditors.
Setting up and managing back-office administration, finance, credit control, claims and operations departments, improving productivity by 12% year-on-year.
Systems Project Manager and Accountant
Reliance National Limited
Managing three assistants and designing a three-way interface between US financial and actuarial reporting, CODA and a bespoke underwriting application across Europe.
Setting up extensive user acceptance testing, training, process manuals and Cognos financial BI reports.
Project managing the European implementation of the CODA system on time and within budget and providing ongoing administration management.
Management Accountant
AIG Insurance
Preparing P&L statements and meeting strict deadlines for US vice presidents.
Compiling outstanding loss reports, reinsurance analysis, unearned premium reports and claims paid and incurred for corporate operating reports.
Managing accruals, prepayments, amortising marketing spend and variance analysis.
Maintaining fixed asset register, VAT returns, budget setting and aging reconciliations.
Contributing to the creation of a start-up subsidiary, Landmark Direct Line Insurance, achieving $60m premium in year one.
Auditor
Goatchers
- Conducting account analysis, trial balance calculation, tax computations, bank and VAT reconciliations for sole traders.
- Auditing medium-sized limited businesses.
Industry Experience
See where this freelancer has spent most of their professional time.
Experienced in Insurance, Banking and Finance, Information Technology, and Professional Services.
Business Area Experience
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Experienced in Operations, Business Intelligence, Finance, Project Management, Customer Service, and Accounting.
Summary
Driven Global Operations and Finance Executive, experienced in working in challenging environments, taking ownership and initiative in delivering, at pace, added value to aggressive business targets. Excelling at lean and change management, with a diverse strategic and creative mindset, underpinned by clear communication skills.
Result orientated, accomplished Global Operational Head, with vast strategic planning experience, directing and delivering solutions in international Insurance, Banking and Software environments. Experienced across varied business phases, such as start-ups, up-scaling, interim turnarounds, transformation, offshore restructuring and process improvement. Recently responsible for building operational governance architecture and best practice optimisation cadence.
As a leading member of executive management committees, analysed, re-shaped, and drove change to building and executing agile, modernised Global Business Unit led models, including implementing Global Centres of Operational Excellence and Customer Satisfaction.
Global multicultural and cross-functional leadership experience through extended international secondments to the US, throughout Europe, the Middle East and Africa.
Utilising project management and lean principles to plan, lead and achieve change, integrated with strong team building and mentoring skills, most recently for European Underwriting and Claims Operational Hubs.
Developing data digitalisation, robotic and AI strategies, bringing operational implementation efficiency improvements through process re-engineering, taking ownership and oversight, and ensuring robust process controls and measurements while utilising versatile resource management.
Fostering excellent corporate relationships, enjoying leadership and its challenges, and delivering continuous improvements, resilient solutions, and creating added, sustainable value for the business and the customer.
Skills
Courses
- Executive Leadership: Strategic & Creative Thinking, Project Management, Kaizen, Lean 6sigma, Budget Setting, Audit, Sox Controls, Tpa’s, Presentations, Management Training.
- Insurance: Underwriting And Reinsurance, Operational Effectiveness, Actuarial, Claims.
- Banking: Lending, Trade, Capital Markets, Risk, Corporate, Payments And Retail Banking.
- Project Management: Prince Ii, Scrum, Agile And Pmo Boot Camp Project Methodologies, Of Ai, Cloud, Saas And Paas Technology.
Global Projects
- Multiple, Multi-million Dollar Budget It Implementations, Ie. Summit, Kondor, Sophis, Opics, Lendercom, Loaniq, Essence, Midas, Equation, Trade Innovation, Supply Chain Finance, Fusion Risk, Digital Channels, Payments, Saas Esg Platform, Api’s, Laserpro, Sap, Genius, Coda, Agresso, Cognos, Oracle Lynx, Guidewire, Peoplesoft, Sun, Sage And Sharepoint.
Regulation
- Bafin, Dora, Kyc, Aml, Marisk, Mifid, Kwg, Bait, Gdpr.
Systems
- Superuser: Advanced Ms-office, Workday, Concur, Salesforce Dc, Coda, Cognos, Agresso.
Reporting Tools
- Excelerator Crystal, Cognos Certified, Clickview, As400 Sql, Ms Business Intelligence, Revergy, X.hlp Training.
Languages
Education
University of Liverpool
BA (Honours) Accounting & Finance · Accounting & Finance · Liverpool, United Kingdom
Certifications & licenses
COGNOS Certified
Prince II
Scrum
Statistics
Experience
Global Experience
Expertise
Qualifications
Profile
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