At a Glance
- Tasks: Produce accurate financial results and enhance processes for compliance and efficiency.
- Company: Join Munich Re, a leading inclusive employer in the insurance industry.
- Benefits: Enjoy 25 days leave, private medical insurance, and a non-contributory pension.
- Other info: Be part of a diverse team committed to sustainability and community initiatives.
- Why this job: Make a real impact in finance while working in a supportive and innovative environment.
- Qualifications: Experience in financial accounting and strong analytical skills required.
The predicted salary is between 50000 - 60000 £ 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. 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.
We are looking for a Financial Accountant to join our London Office on a 12 Month Fixed-term contract. The Financial Accountant will ensure the accurate production of the UK GAAP and IFRS technical result for the Group's Lloyds Syndicate and reporting to Group, focusing on completeness and compliance with standards. They will analyse financial data inputs for reliability, enhance processes and controls, and drive improvements in efficiency and accuracy. The role also involves providing best practices guidance and collaborating with Finance, Actuarial, IT, and Underwriting teams to support continuous departmental improvements. They will support the Global Specialty Insurance division's delivery of Project Fusion, the implementation of a new Finance Data Layer and a new technical subledger that will produce monthly management reporting, quarterly UK GAAP technical result, provide inputs for local regulatory and statutory reporting requirements and provide data inputs to the Group's IFRS 17 calculation engine.
Responsibilities:
- Lead role in producing the UK GAAP and IFRS technical result, ensuring strict compliance with accounting standards and regulatory requirements.
- Deliver detailed analytical analysis of the financial result, providing critical insights and guidance to the Financial Performance.
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.
At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.
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 support
Financial Accountant employer: Munich Re
Munich Re is an exceptional employer that fosters a culture of inclusivity and support, making it an ideal place for professionals seeking meaningful careers. With a strong commitment to employee growth, the London office offers extensive benefits including generous annual leave, a non-contributory pension, and comprehensive health insurance, all while encouraging innovation and collaboration across teams. Join us in our mission to lead in specialty insurance while being part of a diverse community that values every individual's contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Accountant
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Munich Re or similar companies. Use platforms like LinkedIn to connect and engage with them; you never know who might help you land that interview!
✨Tip Number 2
Prepare for the interview by researching the company culture and values. Munich Re values inclusivity and curiosity, so think about how your experiences align with these principles and be ready to share them during your chat.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your answers. Focus on articulating your financial expertise and how you can contribute to their goals, especially around UK GAAP and IFRS compliance.
✨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 and are keen to be part of their inclusive environment.
We think you need these skills to ace Financial Accountant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Financial Accountant role. Highlight relevant experience and skills that align with UK GAAP and IFRS standards. We want to see how your background fits into our ambition at Munich Re!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about joining Munich Re and how you can contribute to our supportive environment. Be bold and show us your personality!
Showcase Your Analytical Skills:Since the role involves detailed analytical analysis, make sure to include examples of how you've used your analytical skills in previous roles. We love seeing how you can provide critical insights and drive improvements!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on being part of our inclusive team!
How to prepare for a job interview at Munich Re
✨Know Your Numbers
As a Financial Accountant, it's crucial to be well-versed in UK GAAP and IFRS standards. Brush up on these regulations before your interview, and be ready to discuss how you've applied them in previous roles. This shows you’re not just familiar with the theory but can also implement it practically.
✨Showcase Analytical Skills
Prepare to demonstrate your analytical abilities by discussing specific examples where you've provided critical insights from financial data. Think of times when your analysis led to improved processes or efficiencies, as this aligns perfectly with what Munich Re is looking for.
✨Collaborate Like a Pro
Since the role involves working with various teams, be ready to talk about your experience collaborating across departments. Share examples of how you’ve worked with Finance, Actuarial, IT, or Underwriting teams to drive improvements. Highlighting your teamwork skills will resonate well with their inclusive culture.
✨Embrace the Company Culture
Familiarise yourself with Munich Re's commitment to inclusivity and sustainability. During the interview, express your alignment with their values and how you can contribute to a supportive environment. Showing that you understand and appreciate their culture can set you apart from other candidates.
