Munich Re Careers
Cash management & AP Specialist 12 month FTC
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About Great Lakes Insurance SE:
As specialty provider of primary insurance services in the UK, Great Lakes London Branch (“GLLB”) is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia.
Great Lakes Insurance UK Limited (“GLLS”), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.
Our clients are complex, diverse, and domiciled across the world. Therefore, we also need to be global, and we do this by positioning staff in strategic markets and locations as well as travelling to meet clients. Close contacts are very important.
It is an exciting time to join our growing and evolving organisation, help us shape the future of primary insurance service provision!
About the role:
We are looking for an accountant to provide accounts payable, but also some cash management, support to several key re/insurance entities and service companies within the Munich Re Group. This is an exciting opportunity for an accountant looking to work in a supportive team providing accounting services to entities generating c. £3.7bn premium and growing. The role is a FTC position (12 months) to cover for parental leave.
Key responsibilities:
Accounts payable:
- Process vendor invoices using COUPA procure to pay system
- Complete vendor reconciliations
- Report on vendor, bank, customer and other balance sheet open items relevant to the team on a quarterly basis
- Take a lead role in maintaining the team’s shared mailboxes, ensuring queries are responded to in a timely manner. Provide excellent customer service to our stakeholders across the entities we look after
- Ensure staff and company credit card expenses are processed and reviewed in a timely and accurate manner, making use of AI expense checking tools
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Cash management:
- Process technical and non-technical payments with efficiency, accuracy and adhering to company policies
- Daily, weekly and quarterly liquidity forecasting and reporting
- Monitor bank accounts and liquidity levels and ensure all reporting requirements to Group are adhered to
- Ensure effective communication with Group companies, investment managers at Group level and all stakeholders
- Complete monthly bank reconciliations
Competencies:
- Nimble learning (we think big) – you actively learn by tackling new problems and trying out new solutions, quickly learning from both successes and failures.
- Collaborates (we lead the ‘we’) – you work together with others in your team, the department and wider business (where relevant) to meet shared commitments.
- Optimises work processes (we grow with our clients) – you know the most effective and efficient processes to get things done and are constantly assessing how they can be improved.
- Resourcefulness (we care and dare) – you find a way to get things done with the best use of the resources available to you, knowing when to ask for support from others, but also offering your support to others where you feel your expertise, knowledge and skills can add value.
- Communicates effectively (we are clear and authentic) – you communicate clearly and appropriately with your audience. You also share ideas, learn from others and keep stakeholders informed about progress, problems, opportunities and solutions, soliciting feedback along the way.
Key Skills & Experience:
- Experience in accounts payable, ideally in a large global organisation in which adherence to Group standards is required
- Excellent customer service skills
- Able to communicate clearly and concisely in person/online and in writing
- Comfortable dealing with employees at all levels of seniority
- Working knowledge of SAP and ideally COUPA
- Experience of applying the correct VAT treatment on transactions
- Proven use of online banking tools
- Microsoft Excel and Word: good level
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Qualifications and Educational Requirements:
- At least full member of AAT or other equivalent finance recognised qualification
Thought Leaders:
- You will demonstrate inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
- You will treat your colleagues and sales and business partners fairly and with respect.
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
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