Financial Reporting Accountant (Paternity cover)

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.  

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Financial Reporting Accountant

We are looking for a Financial Reporting Accountant to provide cover across two separate paternity leave periods of approximately 3–4 months each.

The Financial Reporting Accountant will take ownership of all financial reporting deliverables, both internal and external, for their allocated legal entities, and to support the Sustainability & Financial Reporting Manager with the day-to-day organisation of the team. They will liaise with other Finance teams, business functions and the external auditors to ensure that the financial information produced is ultimately fit for purpose. They will also exhibit the highest levels of technical excellence and promote professional development, acting as a role model for more junior members of the team and wider Finance department.

Responsibilities

Internal Reporting

• Group Reporting - Ownership of quarterly reporting of actuals, forecasts and plans for allocated companies within the UK group to the ultimate parent company, Munich Re.
• Audit Files - Ensure quarterly audit files are produced, reviewed and signed off. Includes full coordination of audit file preparation, ensuring that all schedules are completed on time, fully referenced to supporting material and ultimately provides transparent and financial information for each balance on the general ledger.
• Financial Reviews - Financial due diligence analysis of coverholders, brokers and delegated authorities' financials to assess financial suitability for business.
• Management information - Prepare relevant financial information / summaries for management as timetabled or requested.

External Reporting

• Statutory Accounts - Preparation of financial statements and accompanying narrative for allocated legal entities, liaising with auditors for clearance and sign off.
• Regulatory Returns - Reporting of financial data required by regulators (FCA, CBI, etc.), including RMA returns and Financial Resilience Surveys.
• Other Returns - Submission of various surveys and returns to bodies such as the ONS.

Technical Excellence and Organisation

• Manage and adhere to the quarterly reporting timetable, including general time management, organisation of meetings, etc.
• Understand how financial information is produced, including key assumptions and areas of judgement.
• Scrutinise all processes and assumptions on an ongoing basis with a ‘continual improvement outlook’ and proactively engage with relevant stakeholders to improve where opportunity exists.
• Champion professional development by providing on-the-job training for junior team members and across other Finance teams.
• Provide effective cover for areas within the team, as delegated by the Sustainability & Financial Reporting Manager / Head of Regulatory Reporting.

Other

• Support ad hoc requests as required.
• Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals.
• Help drive forward good conduct for the business to deliver the best outcomes for customers / policyholders.

 Skills and Experience

• Qualified accountant (ACA / ACCA / CIMA or equivalent).
• Sound understanding of IFRS and UK GAAP.
• Knowledge of the Group reporting process.
• Excellent attention to detail and accuracy in financial reporting.
• Strong communication skills, both written and verbal, with the ability to present complex financial information to different stakeholders.
• Ability to work independently, prioritize tasks, and meet tight deadlines.

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact! 

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious