At a Glance
- Tasks: Manage accounts payable and cash management for key re/insurance entities.
- Company: Join Munich Re, a global leader in insurance with an inclusive culture.
- Benefits: 12-month FTC with competitive salary and supportive team environment.
- Other info: Diverse workplace celebrating inclusivity and offering career growth opportunities.
- Why this job: Be part of a growing organisation shaping the future of insurance services.
- Qualifications: Experience in accounting and strong communication skills required.
The predicted salary is between 31500 - 38500 £ per year.
This job is with Munich Re, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Together, we engage with everything we have and are, to help humankind act braver and better.
About Great Lakes Insurance SE: As a 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
- 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.
We are committed to building an equitable and inclusive work environment where 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.
Cash management & AP Specialist 12 month FTC employer: Munich Re
As a leading insurance provider in Greater London, we pride ourselves on fostering a dynamic work culture that values collaboration and innovation. Our employees benefit from comprehensive professional development opportunities, competitive remuneration, and a supportive environment that encourages growth and transformation. Join us to be part of a team that is dedicated to making a meaningful impact in the insurance industry while enjoying the vibrant lifestyle that Greater London has to offer.
