Title:  Technical Accountant with Italian

Munich Re Madrid is responsible for Reinsurance Non-Life technical accounting and claims accounting for Iberia, Latin America, Caribbean and Italy. We are looking for a flexible and highly motivated Accountant in this demanding, dynamic and international setting, contributing with expertise and engagement in the growing multicultural department.

Your Job:

• Assume responsibility for Non-Life Reinsurance Accounting for a specific group of regional clients (insurance companies and reinsurance brokers).
• Verify reinsurance statements of account from our clients based on the terms and conditions of the wording and by checking specific calculations.
• Process the statements of account in our SAP FS-RI systems, including the use of increasing automation tools.
• Arrange for payments, request outstanding balances from our clients and reconcile account items.
• Ensure data quality and perform quality checks at contract level. Ensure the quality of data for the Italian portfolio’s annual closing
• Frequent contact with our clients to maintain and strengthen the relationship with a solution-oriented, efficient and client centric approach. Clarification, dunning and follow-up on accounts, conditions and payments will be needed.
• Close cooperation and collaboration with the Business Units (Underwriters, Client Managers, Facultative Underwriting Assistants) and the Reinsurance Accounting International Organization.
• Analyze and present reinsurance and accounting matters to various stakeholders.
• Participate in challenging projects and working groups globally if applicable.

Your profile: 

• Degree in administration, finance, economics or business sciences; recent graduates or individuals with less experience are also welcome.
• Knowledge of Accounting, preferably also of Insurance and/or Reinsurance.
• Expertise in MS-Office, particularly Excel, and preferably in SAP tools.
• Analytical skills and accuracy in dealing with figures.
• Self-confident approach combined with a high degree of dedication to working effectively and independently, willing to face new responsibilities.
• Strong communication skills, high degree of intercultural competence and team spirit.
• Language knowledge of Spanish and English (written and spoken). Italian is highly valued.
• Being prepared to evolve into the role of Client Accountant by expanding the knowledge in the claims area and performing tasks such as review of claims notifications, verifying calculations based on the reinsurance conditions and processing the claims in our systems in close cooperation with Claims Management department.

About us

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.

Sounds like you? Push boundaries with us and be part of Munich Re.

Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Hybrid working: living the best of both worlds – we offer you a very flexible approach.

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!