At a Glance
- Tasks: Deliver high-quality financial reporting and support finance transformation initiatives.
- Company: Join Munich Re, a leader in innovation and inclusivity.
- Benefits: Enjoy 25 days leave, private medical insurance, and hybrid working options.
- Other info: Diverse and inclusive culture with opportunities for personal growth.
- Why this job: Make an impact in a dynamic environment while developing your skills.
- Qualifications: Experience in UK GAAP, Solvency II, and strong analytical skills required.
The predicted salary is between 55000 - 65000 ÂŁ per year.
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”.
We are looking to employ a Lloyds Reporting Accountant to be based in London City office on a full time basis. We offer hybrid working with 2-3 days per week in the office. You will deliver timely, accurate and high‑quality financial reporting to Lloyd’s, ensuring all submissions meet regulatory requirements and operate within a strong and well‑controlled financial environment, including responsibility for Group Solvency II reporting.
Responsibilities
- Provide technical support and guidance to team members, resolving complex accounting, data and reporting issues and contributing to IFRS Group deliverables and the wider finance transformation programme.
- Work with a high degree of autonomy, proactively identifying issues, developing solutions, aligning with the supervisor where appropriate, and implementing improvements effectively.
- Ensure the end‑to‑end production, review, and timely submission of all Lloyd’s regulatory returns for the Syndicate, including UK GAAP and Solvency II reporting.
- Prepare and perform detailed reviews of statutory accounts, ensuring accuracy, completeness and compliance with relevant accounting and regulatory standards.
- Enhance, streamline, and automate finance and reporting processes, integrating improvements smoothly into the Syndicate reporting framework and ensuring sustainable efficiencies.
- Complete ad‑hoc analysis, investigations, and reporting, providing clear, accurate outputs for management and external stakeholders within agreed timelines.
- Support the delivery of IFRS and Solvency II Group reporting, resolving technical issues, ensuring data integrity and meeting Group deadlines.
- Organise and contribute to continuous improvement initiatives, promoting standardisation, simplification, and automation across the finance function.
- Act as a central contact point for internal and external auditors, coordinating requests, responding promptly to queries and supporting audit delivery.
- Champion strong Conduct practices, ensuring the business consistently delivers fair, transparent, and positive outcomes for customers and policyholders.
Knowledge And Skills
- Extensive knowledge of UK GAAP, Solvency II, IFRS and Lloyd’s reporting requirements, including QMA, SUK, RRQ/RRA, US/CAD Situs and other Lloyd’s/PRA submissions.
- Strong experience across the full Lloyd’s finance cycle, including ledger operations, technical accounting, planning, forecasting, financial close, intercompany processing, and regulatory reporting.
- Proven experience managing complex regulatory reporting deliverables, ensuring timely, accurate and compliant submissions.
- Strong communication skills, able to convey complex financial information clearly to both finance and non‑finance stakeholders.
- Excellent stakeholder and relationship management skills, with the ability to influence senior leaders, underwriters, actuaries, FP&A and Group reporting teams.
- Highly analytical and strong problem‑solving capability, particularly in addressing technical queries, data quality issues, and complex Lloyd’s adjustments.
- Proactive and ownership‑driven, continuously seeking opportunities for process optimisation, control strengthening and personal development.
- Organised, adaptable and calm under pressure, able to work effectively to tight Lloyd’s and regulatory deadlines in a fast‑paced environment.
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!
Diversity, Equity & Inclusion
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. 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.
Benefits
- 25 days Annual Leave + bank holidays
- 10% Non‑contributory Pension
- Eligibility for an Annual Bonus
- Private Medical + Dental Insurance
- Critical illness insurance + Life Assurance + Permanent Health Insurance
- Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
- Electric Vehicle Salary Sacrifice Scheme
- Study & continuing Professional Development Support
- Hybrid Working + IT Home Set-up Support
Lloyds Reporting Accountant in London employer: Munich Re Specialty - Global Markets, UK
Contact Detail:
Munich Re Specialty - Global Markets, UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lloyds Reporting Accountant in London
✨Tip Number 1
Network like a pro! Reach out to current employees at Munich Re or in the finance sector on LinkedIn. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of UK GAAP, Solvency II, and IFRS. Be ready to discuss how you've tackled complex financial issues in the past – they love a good story!
✨Tip Number 3
Show off your problem-solving skills! Think of examples where you've streamlined processes or improved reporting accuracy. This will highlight your proactive approach and fit with their culture.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the team at Munich Re.
We think you need these skills to ace Lloyds Reporting Accountant in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Lloyds Reporting Accountant role. Highlight your knowledge of UK GAAP, Solvency II, and IFRS, as these are key to impressing us.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're excited about this position and how your background makes you a great fit. Don’t forget to mention your problem-solving skills and experience with regulatory reporting!
Showcase Your Communication Skills: Since strong communication is crucial for this role, make sure your application clearly conveys your ability to explain complex financial information. We want to see how you can connect with both finance and non-finance stakeholders.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
✨Know Your Numbers
As a Lloyds Reporting Accountant, you'll need to be well-versed in UK GAAP, Solvency II, and IFRS. Brush up on these regulations before your interview, and be ready to discuss how you've applied them in past roles. This shows you’re not just familiar with the terms but can also navigate complex financial landscapes.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've tackled complex accounting or reporting issues in the past. Highlight your analytical skills and how you’ve implemented solutions that improved processes. This will demonstrate your proactive approach and ability to work autonomously, which is key for this role.
✨Communicate Clearly
Strong communication skills are essential, especially when conveying complex financial information. Practice explaining technical concepts in simple terms, as you may need to interact with non-finance stakeholders. This will show your ability to bridge the gap between finance and other departments.
✨Embrace Diversity and Inclusion
Munich Re values individuality and diverse perspectives. Be prepared to discuss how you can contribute to an inclusive culture. Share experiences where you’ve worked with diverse teams or promoted inclusivity in your previous roles, as this aligns with their core values.