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Company
Munich Re Specialty Group
Location
London , United Kingdom

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, Energy & 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.

Senior Financial Reporting Accountant, IFRS17

We are looking to employ a Senior Financial Reporting Accountant to be based in London and to work with us on a fixed term contract basis up to twelve months

The Role

Senior Financial Reporting Accountant, IFRS17 – FTC

To ensure financial reporting to Munich Re (MR) Group is delivered on time, to the desired quality level, in an effective control environment. This includes financial reporting in an IFRS 17 environment which went live in January this year.

Responsibilities

• Collaborate with multifunctional teams (Actuarial/IT)
• Take ownership of the Intercompany process including collaborating with stakeholders throughout the Munich Re group.
• Work closely with Head office in Munich
• Deliver UK GAAP to IFRS17 analysis and impact assessments to be reviewed and signed off by Steer Co
• Liaise with external and internal auditors
• Make sure all key assumptions are documented and agreed by Steer Co
• Critically appraise all processes and assumptions on an ongoing basis with a ‘continual improvement outlook’
• Proactively engage with the relevant stakeholders to improve where opportunity exists.

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

What we are looking for

You will have a strong technical background with in depth knowledge of Lloyd’s accounting/reporting and 3-5 years post professional qualification such as ACA, ACCA or CIMA.

Key Skills & Experience

• Have experience in end-to-end finance processes, such as Finance operations, Planning, Forecasting, Financial close, intercompany process and Reporting
• Demonstrate knowledge/expertise of IFRS 17
• Experience of managing and/or leading a range of accounting projects
• Energetic and naturally curious
• Proven ability to communicate with confidence and credibility at all levels
• Strong relationship management skills to influence stakeholders and senior management
• Analytical, critical thinker and problem solving attitude
• Ability to take ownership and actively looking for personal learning and development opportunities
• Ability to work independently on individual tasks
• Highly organised, flexible and calm under pressure

Qualifications

University Degree and/or relevant professional qualification (ACA, ACCA of CIMA)

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!

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. We make it happen. Together.