Munich Re Specialty – Global Markets (MRS-GM)

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Accounts Payable Technician

We are currently looking for an Accounts Payable Technician to be based in Manchester on a full-time basis for a 12 month fixed-term contract reporting into the Account Payable & Receivable Manager.

Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. This role sits within the Munich Re Specialty Group (MRSG), a division of Munich Re that focuses on Primary Specialty Insurance.

The successful candidate will be responsible for effectively and efficiently processing Vendor invoices, reconcile Vendor sub-ledger on a regular basis to statements of account, effectively liaise with Vendors as appropriate and process effectively and efficiently the internal employee expense processes providing an effective service.

Responsibilities

• Responsible for processing purchase invoices in line with the company’s policy, including checking cost centre and General ledger coding to ensure accurate reporting. Using Coupa P2P system.
• Prepare, process and record payment runs.
• Deal with internal and supplier queries relating to invoices and payments.
• Clear vendor and discrepancies balances.
• Dealing with employee expense claims. Reviewing all high risk receipts, ensuring all expense claims are in line with the Company’s expense policy.
• Monthly & quarterly reconciliations, including Bank, control accounts, vendor, credit cards (Audit File).
• Producing intercompany invoices, posting them to SAP ledger. Ensuring funds received in line with payment terms.
• Clear customer and discrepancies balances.
• Opening & closing employee Corporate credit cards.
• Ensure that the internal control mandates are up to date with all appropriate signatures obtained.
• Complete and develop monthly/quarterly KPI schedules with appropriate analysis and commentary.
• Ensure that inter group balances are reconciled.
• Ensure all AP processes are documented effectively, detailing areas of financial judgement.
• Pursue accounts payable process improvements, creating more robust controls and driving efficiencies.
• Assist in other areas of the team where appropriate and any other ad-hoc task as assigned.
• Assist the Senior FP&A Accountant with ad-hoc projects.
• Help drive forward good conduct for the business to deliver the best outcomes for customers / policyholders.