Financial Accountant

4 weeks ago

London, Greater London, United Kingdom Munich Re Specialty Group Full time

At Munich Re Specialty Group, we are committed to excellence and quality of service provision across both primary and reinsurance. We are seeking a Financial Accountant to contribute to the production of the UK GAAP technical result for the Group's Lloyd's syndicates, ensuring completeness and accuracy.

Key Responsibilities:

  • Production and support of the UK GAAP technical result production, ensuring compliance with accounting standards and regulatory requirements.
  • Review and challenge of financial data inputs into the technical result production and raise discrepancies.
  • Ensure reconciliations and integrity of data inputs into the results production from source policy, claims, reinsurance systems, syndicate data warehouse, with the results production DataMart's, and outputs with sub-ledger and general ledger.
  • Improve systematic and automated controls, provide guidance and insight on best practice, detect and highlight any deficiencies or impacts on process and interface up- and downstream, and present appropriate reports of findings.
  • Build strong relationships within Finance, Actuarial, IT, and Underwriting colleagues to maintain and improve the quality of financial data inputs and financial reporting deliverables.
  • Support ongoing change and transformation initiatives such as UK GAAP and IFRS results production model and process alignment projects.

Requirements:

  • Qualified accountant with in-depth knowledge of the principles and differences of both UK GAAP and IFRS.
  • Experience in the insurance industry with an in-depth knowledge and understanding of the underlying principles of insurance and reinsurance.
  • Experience with or interest in automation of finance processes to meet accelerated timetables and exposure to large and complex data models.
  • Strong verbal and written communication skills to articulate insights.
  • Strong problem-solving skills to address challenges in data quality and control effectiveness.
  • Strong organizational skills and ability to prioritize and multi-task work.

About Us:

Munich Re Specialty Group is part of the Munich RE group, known for our dedication to excellence and quality of service provision across both primary and reinsurance. We operate in the Lloyd's of London market and conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan, and Dubai.

Your Career with Us:

At Munich Re Specialty Group, you'll find the flexibility, development, and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance, and more.

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