Finance Analyst
Company
Great Lakes Insurance SE
Location
London
, United Kingdom
About Great Lakes Insurance SE:
As 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.
About the role:
Key Responsibilities:
- Meet cash management requirements on a daily, weekly, monthly and quarterly basis, complete bank reconciliations
- Daily, weekly and quarterly liquidity forecasting
- Monitor bank accounts and liquidity levels
- Ensure effective communication between group companies, investment managers at Group level and all stakeholders
- Play a key role in identifying and implementing process improvements, working in collaboration with the wider team and our key stakeholders
- Assist in maintaining the team’s shared mailboxes, ensuring queries are responded to in a timely manner
- Process payments with efficiency, accuracy and adhering to company policies
- Process staff and company credit card expenses
- Process vendor invoices
- Complete vendor reconciliations
- Report on vendor, bank, customer and other balance sheet open items relevant to the team on a quarterly basis
Competencies:
Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.
Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.
Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.
Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.
Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.
Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.
Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.
Key Skills & Experience:
- Excellent customer service skills
- Able to communicate clearly and concisely in person/online and in writing
- Experience in cash management and accounts payable, ideally in a large global organisation in which adherence to Group standards is required
- Experience in making incremental improvements and introducing efficiencies to accounting and reporting processes
- Working knowledge and experience of SAP
- Focused on quality
- Microsoft Excel and Word: good level
- Experience of applying the correct VAT treatment on transactions
- Proven use of online banking tools
Qualifications and Educational Requirements:
- Full member of AAT or other equivalent finance recognised qualification
Thought Leaders:
You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.
You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
You will treat your colleagues and sales and business partners fairly and with respect.
Regulatory & Conduct Requirements:
In addition to the responsibilities set out above, as a finance analyst you will also be responsible for:
- Satisfying all regulatory reporting requirements in collaboration with the reporting function
- Liaising with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules
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.
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.
