At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. 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”.

About us

MRSG is part of the Munich RE group. 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. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Financial Accountant

The Financial Accountant will contribute to the production of the UK Gaap technical result for the Group's Lloyds syndicates ensuring completeness and accuracy. The Financial Accountant will ensure timely analysis and review of the inputs in to the financial results production ensuring quality and reliability, and will actively contribute to the development and enhancement of processes, controls and knowledge within the team.

Responsibilities 

Production and support of the UK Gaap technical result production ensuring compliance with accounting standards and regulatory requirements and to provide support and insight to the Commercial Reporting Analysis team, Lloyds and Statutory reporting teams.

Review and challenge of financial data inputs in to the technical result production and raise in case of 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.

Increase efficiency of financial data production, including transparent checks and controls by standardization and automation.

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.

Help drive forward good Conduct for the business to deliver the best outcomes for customers/policyholders.

Knowledge and Skills

Qualified accountant, with in depth knowledge of the principles and differences of both UK Gaap and IFRS

Experience in 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.

Your career with us
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!