Accounts Payable and Receivable Technician *

About us

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.

Please see our website for more information.

Accounts Payable & Receivable Technician (m/f/d)*

You will support the activities of MRRSI in Germany and its European branches extending to Europe and any other entities within GSI4.

Overall objective:

To ensure the effective processing and accounting for operational and insurance technical transactions for Spanish / Europe business to ensure accurate processing of cash and movements in the respective accounts. Working closely with the business, suppliers, employees.

Responsibilities:

• To be proficient and accurate in the processing and recording of…
• Premium receipts and payments
• Claims payments and receipts
• Commission payments and receipts
• Other insurance technical cash movements
• Operational payments and receipts i.e. suppliers, employee expenses
• Deal with queries and resolve any issues, discrepancies
• Assist in the completion of specific key balance sheet controls and reconciliations.
• Assist in the annual audit by providing support and workings as required and via process walkthrough's.
• Complete the upload of bank statement & clearing of bank open items in the ledger
• Produce appropriate KPI reporting for consolidation into the teams KPI's
• Ensure all processes are documented effectively, detailing areas of judgement
• Manage tasks within agreed timetable including booking relevant review meetings with management
• Critically appraise all processes and assumptions on an ongoing basis with a 'continual improvement outlook' and proactively engage with relevant stakeholders to improve where opportunity exists

You are required to comply with the applicable local Conduct Standards:

• To be competent and capable
• To be honest, ethical and act with integrity
• To be financially sound

Knowledge and Skills

• Experience in, or knowledge of, the end-to-end payments and receivables process
• Ability to communicate effectively in German and English, both verbally and in writing
• Strong analytical skills and attention to detail
• Confidence in working with a wide range of stakeholders
• Excellent time management skills, with the ability to prioritise and manage your own workload effectively
• Ability to work under pressure and meet deadlines
• Intermediate proficiency in Microsoft Excel is desirable

Diversity, Equity & Inclusion

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.

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