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    Contract Accountant - London, United Kingdom - Munich Re

    Munich Re
    Munich Re London, United Kingdom

    1 week ago

    Default job background
    Description
    At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation.

    We know there is always more work to be done, but we're committed to building a strong and inclusive culture where everyone is welcomed and valued for their "own expression of self-identity".

    We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

    As well as operating in the Lloyd's of London market, we 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.

    Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht.

    We are looking to employ an Intercompany Accountant to be based in London and to work with us on a Full Time basis.

    This position will provision of support to MRSL and the successful candidate will ensure accurate and transparent financial reporting across interconnected entities with the Munich Re AG Group.

    The primary objective of the Intercompany Accountant is to meticulously manage and reconcile intercompany transactions within the insurance company's diverse business units by maintaining precision in intercompany accounting processes, the accountant aims to foster financial integrity, facilitate efficient cross-entity operations, and support compliance with regulatory standards.

    This role plays a crucial part in upholding the company's financial health and enhancing stakeholder trust through seamless coordination and reconciliation of intercompany accounts.

    Conduct thorough reconciliation of technical intercompany positions, ensuring alignment with accounting standards and internal guidelines.

    • Identify and resolve discrepancies in intercompany accounts to maintain accurate financial records.
    Standardize intercompany accounting processes to enhance efficiency, reduce errors, and ensure consistency across entities.
    Collaborate with Other Entities for Reconciliation:

    • Support Teams Through Finance:
    • Provide guidance and support to various teams within the finance department regarding intercompany accounting matters.
    • Conduct training sessions or workshops to enhance awareness and understanding of intercompany processes.
    Work collaboratively with the reporting team to produce accurate group financial results.

    • Ensure timely consolidation of intercompany data for inclusion in financial reports.
    Prepare and deliver reports to Munich Re AG, highlighting key intercompany results, trends, and financial insights.

    • Contribute to Annual Reports and

    Regulatory Filings:

    • Play a key role in the preparation and validation of information for annual reports and regulatory filings.
    • Ensure compliance with relevant accounting standards and regulatory requirements.

    Support Ad Hoc Requests:

    • Respond to ad hoc requests from internal and external stakeholders, providing timely and accurate information.
    • Address special projects or analyses related to intercompany activities as needed.
    Strong analytical skills with the ability to collect, interpret, and analyse financial and non-financial data.
    Excellent attention to detail and accuracy in financial reporting.
    Excellent communication skills to collaborate with teams across entities, convey complex financial information, and address queries effectively.
    Communicate clearly, fairly and in a non-misleading manner, both orally and in writing.

    Get things done well and the ability to set and meet challenging goals, create own measures of excellence and constantly seek ways of improving performance.

    Planning and prioritising
    Take responsibility for your own career and actively support 'continuing professional development'.
    Commercial/business awareness
    ACA or ACCA qualified accountant


    • Office 365 (MS teams, MS Power Point, MS Excel, MS Word, SharePoint)
    MS Project
    At MRSG, 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
    Diversity & Inclusion

    Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy.

    We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.
    Working together, we are an employer of choice by building the workforce for today and the future.
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