Project manager (Workday)

Project Manager - Workday Transformation (Insurance)

As part of a strategic initiative to enhance financial operations within the insurance sector, the Project Manager will lead the implementation and optimisation of Workday Financials. This role focuses on ensuring the successful deployment of Workday within a regulated insurance environment, aligning with industry-specific compliance and reporting requirements. Responsibilities include defining project scope, working with actuarial, underwriting, and claims teams, collaborating with Workday consultants, and ensuring configurations support key financial processes such as premium accounting, claims payments, and regulatory reporting.

The ideal candidate will have a strong background in finance transformation within insurance, excellent stakeholder management skills, and experience working with Workday Financials in a regulated environment.

Key Responsibilities

• Workday Financials Implementation: Lead the end-to-end deployment of Workday Finance modules for an insurance organisation, including General Ledger, Accounts Payable, Accounts Receivable, Procurement, and Financial Reporting.
  
  
• Insurance-Specific Finance Processes: Ensure Workday configurations support premium accounting, claims financial management, regulatory reporting (e.g., IFRS 17, Solvency II), and reinsurance transactions.
  
  
• Project Planning & Governance: Define project scope, objectives, and deliverables, ensuring alignment with insurance finance transformation goals. Develop detailed project plans and governance frameworks to manage project risks and compliance.
  
  
• Stakeholder & Vendor Management: Work closely with actuarial, underwriting, claims, and risk teams, as well as finance and IT teams, to ensure Workday meets the needs of the insurance business. Manage relationships with third-party Workday consultants, reinsurers, and regulatory bodies.
  
  
• Workday System Optimisation: Identify opportunities to enhance Workday's functionality to improve financial controls, reporting accuracy, and automation of regulatory filings.
  
  
• Risk & Compliance Management: Ensure Workday configurations support compliance with IFRS 17, Solvency II, Lloyd's and PRA/FCA regulations. Implement controls to manage financial data integrity and audit readiness.
  
  
• Budget & Resource Management: Manage project budgets, resource allocation, and third-party vendor relationships to ensure cost-effective and timely delivery.
  
  
• Reporting & Analytics: Leverage Workday Adaptive Planning and reporting tools to improve financial forecasting, actuarial reporting, and claims cost analysis.
  
  Key Skills & Competencies
  
  
• Experience leading Workday Financials implementations or optimisations within an insurance organisation.
  
  
• Strong understanding of insurance finance processes, including premium accounting, claims financial management, reinsurance, and actuarial reporting.
  
  
• Knowledge of Workday integrations, security roles, and business process frameworks, particularly in the context of insurance and financial services.
  
  
• Familiarity with regulatory frameworks such as IFRS 17, Solvency II, Lloyd's reporting standards, and UK financial regulations (PRA/FCA).
  
  
• Excellent stakeholder management skills, with the ability to engage finance, actuarial, underwriting, claims, IT, and regulatory teams.
  
  
• Strong problem-solving skills, with the ability to challenge existing processes and propose Workday-driven automation and efficiency improvements.
  
  
• Experience in financial controls, compliance, and audit readiness within the insurance industry.
  
  
• Proficiency in project management methodologies (Agile, Waterfall) and tools such as Workday Project Management, MS Project, or Jira.
  
  
• Strong analytical skills, with experience leveraging Workday Adaptive Planning for financial forecasting and reporting.
  
  
• High attention to detail, ensuring Workday configurations support accurate financial reporting and regulatory compliance