Title:  Financial Accountant - Accounting Principles & Group Internal Retro (m/f/d)*

As an appreciated partner, Reinsurance Accounting (RIA) timely provides reliable accounting information to internal and external stakeholders. We act passionately to support business value creation while relying on harmonised processes, methods, and tools to efficiently lead global operations. We are a global, diverse team of initiative-taking experts, value open communication and are eager to actively help shaping the accounting world of tomorrow.

Within the GPO department, our team has various and diversified engagements within the reinsurance segment. We manage and reconcile various relationships within the companies of the group, take responsibility for special and retroactive treaties and assess all relevant questions concerning accounting principles (IFRS, HGB & SII). We are also part of the Financial Reinsurance Working Group and play a key role in the implementation of new accounting standard IFRS17 & 9. Our objective is continuous improvement and optimization as well as conformity with accounting standards while permanently coordinating and involving the group-wide, international contacts and interfaces.

We are looking for a committed Financial Accountant to engage in intercompany reconciliation and retrocession tasks and data preparation for special treaties to engage and add value to the following tasks:

Your job:

• Responsible execution, further development and quality assurance of internal group retrocession and intercompany processes as well as related systems, considering internal and regulatory requirements and applicable accounting standards
• Independent management and participation in the closing activities of international entities to ensure the timely provision of quality-assured business data for the consolidated financial statements, including variance analysis and coordination of ad-hoc measures
• Primary point of contact for business units, including the international organization, regarding special contracts (e.g., quality assurance, cash flow, statistics, efficient processing of settlements) actively ensuring and preparing a consistent data set, as basis for quarterly and annual financial statements 
• Strategic identification and implementation of automation potential to continuously optimize the system and process landscape in close collaboration with IT
• Preparation and coordination of target group-specific reports for management, auditors, and international entities, including regulatory reports and ad-hoc analyses
• Active participation in cross-departmental and group-wide projects and working groups as the central point of contact for reinsurance and especially intercompany topics

Your profile:

• University degree preferably in finance, accounting, business administration or an equivalent education in the (re)insurance industry, combined with several years of professional experience in the accounting environment
• Good accounting knowledge (IFRS, HGB, Solvency II) with focus on non-life reinsurance accounting including willingness to deal more intensively with the new standard IFRS 17
• Good IT skills and experience, especially with SAP and Microsoft applications (FSRI, BO reporting, MS O365, Power BI beneficial)
• Strong command of spoken and written English and German
• Particularly good analytical skills, eagerness to tackle complex issues
• High motivation and ability to work efficiently and independently as well as flexibility regarding time management
• Distinct ability to work in a team, intercultural skills in collaborating with colleagues and various interfaces

Application Instructions

In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.

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.
• Health management: focus on your physical and mental health far beyond legal requirements.
• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified. 

Münchener Rückversicherungs-Gesellschaft
Vesselina Markova • HR Consultant
Königinstraße 107 • 80802 München • GERMANY