FP&A Accountant (1 Year FTC) (m/f/d) *
Are you an experienced Insurance Finance professional with a results-oriented nature and a passion for embedding streamlined processes?
London , United Kingdom
Munich Re Syndicate Group (MRSG) are looking for a Finance Specialist to join our dynamic team! Supporting the Finance ambition to become an automated process led department, through process standardization, application of new technology, digitisation and automation opportunities.
You will partner with the business in delivering financial transparency and add value by enhancing business outcomes through the production of quality data, information and effective insight.
Your jobResponsibilities Quality assurance & process development
We will work together on:
Underwriting data quality assurance process, including knowledge of data sources, structures and effectively handling system changes which match the pace of business changes
The Annual Accounting Model (AAM) process including quality assurance (QA) of UW ratio’s, production of the results via the AAM tool including upload and validation of results to the sub ledger and presentation of those results to management (actuals/forecast/plan).
The Value Based Management (VBM) process with MR Group supporting Annual Planning, Forecast and Year End deliveries that include calculations, reconciliations, production of internal management reports, coordination with other MR Group units and commentary for management.
Preparation, coordination and delivery of the Lloyd’s Syndicate Business Plan
Ensuring all processes are documented effectively, detailing areas of financial judgement
Managing tasks within agreed timetable including booking relevant review meetings with management
Critically apprais all processes and assumptions on an ongoing basis with a ‘continual improvement outlook’ and proactively engage with relevant business partners to improve.Reporting & Analysis
You are responsible for:
All key internal management reporting which includes but is not limited to UW targets, Finance Sub Committee papers & Board papers.
Collaborating closely with multiple stakeholders in the business across all key functions to provide quality insights that lead to more informed decision making.
Developing and enhancing the business partnering function to support and provide quality financial analysis to the UW department.
Assisting in other areas with the team where appropriate and any other ad-hoc task as assigned including project work and investigative reviews where required.
Helping drive forward good conduct for the business to deliver the best outcomes for customers and policyholders.
You are required to comply with the PRA and FCA conduct rules:
- Acting with honesty and integrity at all times
- Acting at all times with due care, skill and diligence
- Being open and honest with the FCA, the Prudential Regulation Authority (PRA) and all UK regulators at all times
- Always paying due regard to the interests of customers and always treat them honestly and fairly
- Observing proper standards of market conduct at all times
Your profileKnowledge and Skills
- A strong academic record
- Nearly qualified/qualified Accountant with Big 4 / external audit foundation is highly desirable
- Proven insurance experience
- Ability and confidence to present financial information, in person, to Management / UW teams
- Exceptional analytical skills with a genuine passion for financials and understanding the business
- Fantastic FP&A background (strong budgeting/forecasting/financial modelling skills)
- Experienced in translating financial information into identified data anomalies/trends/deviations
- Ability to simplify and present sophisticated financial information to Management to support business decisions
- Personality characterized by energy and curiosity
- Natural propensity for organization and an aptitude for information technology
- Critical thinker with a problem solving ‘can do’ approach
- Taking ownership and actively looking for personal learning and development opportunities
- Highly organised, flexible and calm under pressure
- Advanced MS Excel and financial modelling skills highly desirable
- Team orientation
We wocollaborativelyely and flexibly with other members of the team with a full understanding of the role to be played as a team member.2. Communication
Our colleagues communicate clearly and persuasively, both orally and in writing.3. Achievement/results-orientation
At MRSG, we get things done well. We set and meet exciting goals, create our own measures of excellence and constantly seek ways of improving performance.4. Problem-solving
Our people analyse situations, diagnose problems, identify the key issues, establish and weigh up alternative courses of action and produce a logical, practical and acceptable solution.5. Flexibility
We pride ourselves on being able to adapt and work effectively in different situations and to carry out a variety of tasks.6. Customer focus
We take constant care in looking after the needs of external and internal customers. Ensure that their wants, interests and expectations are given due consideration and that all efforts are made to meet them wherever fair and reasonable, in line with any standards from an industry regulator.7. Planning and prioritising
Colleagues at MRSG have the ability to decide on courses of action, ensure that vital resources are available and schedule the work required to achieve a defined result in a desirable manner.8. Share knowledge
We expect you to share knowledge about the role you perform fully and willingly with others, where this is relevant, in the interests of the organisation.9. Self-development
You will take ownership for your own career and actively support ‘continuing professional development’.Education and Professional Qualifications Required
- University Degree (preferred) or proven subject matter expertise equivalent
- Nearly Qualified/ACA/ACCA/CIMA Qualified Accountant or proven subject matter expertise equivalent
MRSG UK Services Limited is the employing entity for staff supporting the business activities of Munich Re Syndicate Limited (MRSL), Munich Re Specialty Group Limited (MRSG), Groves, John & Westrup Ltd (GJW), NMU (Specialty) Ltd (NMU) and Roanoke International Brokers Limited (RIBL).
As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Hong Kong, Singapore, Labuan and Dubai. We are also represented in Lloyd’s China.
Our group of companies provide solutions covering Casualty, Marine & Cargo, Energy & Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht.
Known for our dedication to excellence and quality of service provision, we pride ourselves on offering you a great place to work.
Munich Re’s employees are the backbone of the Group’s business success. They are the people that drive the business forward and develop new solutions for our clients.
Ensuring that we recruit talented staff is therefore crucial to our future success. Our objective is to make Munich Re the employer of choice for potential employees on the global job market..
To help us achieve this goal we offer a competitive salary and a generous and comprehensive benefits package which we regularly review in accordance with external market data, to ensure you are paid fairly and our benefits are tailored to suit your lifestyle. Creating an inclusive environment is a crucial part of the Munich Re culture and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.
Please Note: All applications must be received via the website. Any CVs received via email will not be considered.
Re_think, Re_engineer, Re_define, Re_invent, the boundaries of Insurance.
Once you hit apply, there is a short, 10 minute application form to complete. Please ensure you attach your current CV when applying and include details regarding your salary expectations. If you have a disability or special need that requires accommodation, please let us know.
Due to volume, we cannot always provide detailed feedback at CV stage.
Talent Acquisition, Diversity & Inclusion Specialist