Munich Re Careers
Financial Reporting Accountant (Paternity cover)
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Financial Reporting Accountant (Paternity cover)
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.
Role: Financial Reporting Accountant
emporary Cover Opportunity
We are looking for a Financial Reporting Accountant to provide cover across two separate paternity leave periods of approximately 3–4 months each.
The Financial Reporting Accountant will take ownership of all financial reporting deliverables—both internal and external—for their allocated legal entities. Additionally, they’ll support the Sustainability & Financial Reporting Manager with the day-to-day administration of the team. The role involves liaising with other Finance teams, business functions, and external auditors to ensure the financial information produced is fitting for its purpose. The ideal candidate will demonstrate high technical excellence, act as a mentor for junior colleagues, and uphold professional development across the Finance department.
Responsibilities
Internal Reporting
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Quarterly Group Reporting: Ownership of actual, forecast, and plan reporting for allocated UK companies to the ultimate parent, Munich Re.
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Audit Files:
- Ensure quarterly audit files are prepared, reviewed, and signed off.
- Coordinate audit file creation, ensuring schedules are completed on time and fully referenced to supporting documentation.
- Provide transparent financial information for all general ledger balances.
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Financial Due Diligence: Perform financial suitability assessments of coverholders, brokers, and delegated authorities.
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Management Information: Prepare tailored financial summaries for management requests or scheduled reviews.
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External Reporting
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Statutory Accounts:
- Develop financial statements and accompanying narratives for allocated legal entities.
- Liaise with auditors to ensure clearance and sign-off.
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Regulatory Compliance:
- Submit financial data required by regulators (FCA, CBI, etc.) including RMA returns and Financial Resilience Surveys.
- Manage other regulatory submissions (e.g., ONS surveys).
Technical Excellence & Organisation
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Adhere to quarterly reporting timetables, including meeting deadlines and effective time/stakeholder management.
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Evaluate financial information sources, assumptions, and judgment areas.
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Process Improvement: Critically assess on-going processes for continued efficiency and engage stakeholders to implement enhancements.
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Professional Mentorship: Provide on-the-job training and mentorship to junior team members and broader Finance colleagues.
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Flexible Coverage: Provide back-up across allocated Finance team functions as delegated.
Other Responsibilities
- Address ad hoc requests.
- Uphold company procedures and compliance systems.
- Promote ethical standards to ensure best outcomes for customers/policyholders.
Key Skills & Experience Required
- Qualified Accountant Status: ACA / ACCA / CIMA or equivalent.
- Technical Expertise: Sound knowledge of IFRS and UK GAAP. Familiarity with the Group reporting framework.
- Attention to Detail: Excellent precision and accuracy in financial reporting tasks.
- Communication Skills: Ability to simplify complex financial information for diverse stakeholders.
- Self-Management: Capacity for independent work, prioritisation, and high-pressure deadline management.
Diversity, Equity & Inclusion (DEI) at Munich Re
At Munich Re, we believe DEI fosters innovation, resilience, and risk appetite. We embrace the nuances of diversity—racial, ethnic, gender identity, disability, age, beliefs, backgrounds, and more—to construct an inclusive and high-impact workforce.
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DEI Commitments:
- Valuing intersectional backgrounds to drive resilience.
- Building an equitable, respectful environment where all employees thrive.
- Acknowledging and addressing unconscious biases to ensure equal opportunities for growth.
We actively support adjustments for candidates at any recruitment stage. For example, please advise your Talent Acquisition contact regarding accessibility needs (e.g., interview format adjustments).
Sustainability, Environmental & Social Impact
Munich Re’s ESG strategy at MRS-GM is aligned with both business opportunities and inclusive culture development:
- Holistic corporate policies spanning environmental, social, and governance topics.
- Local community-focused initiatives.
- Employee volunteering programs to foster social engagement.
Explore how you can contribute to Munich Re’s sustainability goals via: 👉 [Learn more at Munich Re Sustainability](link placeholder).
Benefits & Perks
Work-Life Balance
- 25 days annual leave + UK bank holidays
- Flexible Hybrid Working Model
- IT support for home office setup
Financial Security
- 10% non-contributory company pension
- Eligibility for an annual bonus
- Critical illness insurance + life assurance
Well-being
- Comprehensive private medical + dental insurance
- Permanent Health Insurance (PHI) and stress support
- Enhanced Employee Assistance Programme (EAP) + Health Assessments (subject to eligibility)
Development & Mobility
- Study & professional development funding
- Electric Vehicle salary sacrifice scheme
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