At a Glance
- Tasks: Deliver high-quality financial reporting and support finance transformation initiatives.
- Company: Join Munich Re Specialty Group, a leader in innovation and inclusivity.
- Benefits: Enjoy 25 days leave, private medical insurance, and hybrid working options.
- Why this job: Make an impact in a dynamic environment while developing your skills.
- Qualifications: Knowledge of UK GAAP and strong analytical skills required.
- Other info: Diversity and inclusion are at our core; all backgrounds are welcome!
The predicted salary is between 55000 - 65000 £ 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.
- 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 & InclusionAt 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.
Learning and innovating today, striving for sustainable societies and business tomorrowAt 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 & continuing Professional Development Support
- Hybrid Working + IT Home Set‑up Support
Lloyds Reporting Accountant employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lloyds Reporting Accountant
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements effectively.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace Lloyds Reporting Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match 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: Your cover letter is your chance to show us your personality! Share why you're excited about this role and how your unique background can contribute to our inclusive culture at Munich Re.
Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled complex accounting issues or improved processes in the past. We love candidates who take ownership and drive change!
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’re considered for the role. Don’t hesitate – we want to hear from you!
How to prepare for a job interview at Munich Re
✨Know Your Numbers
Make sure you brush up on your knowledge of UK GAAP, Solvency II, and IFRS reporting requirements. Be ready to discuss how you've applied these in previous roles, as this will show your technical expertise and understanding of the financial landscape.
✨Showcase Your Problem-Solving Skills
Prepare examples of complex accounting or reporting issues you've resolved in the past. Highlight your analytical skills and how you proactively identified problems and implemented solutions, as this aligns with the role's emphasis on autonomy and improvement.
✨Communicate Clearly
Practice explaining complex financial concepts in simple terms. This is crucial since you'll need to convey information to both finance and non-finance stakeholders. Clear communication can set you apart from other candidates.
✨Embrace Diversity and Inclusion
Familiarise yourself with the company's commitment to diversity, equity, and inclusion. Be prepared to discuss how you can contribute to a positive and inclusive workplace culture, as this is a key value for the organisation.