MGA Financial Technician

MRSG places business via the Lloyds Market and International Distribution Companies (IDC).This role is responsible for the effective accounting of technical transactions for the IDCs and working in partnership with the London based Accounting and Reporting team to ensure financial reporting to Lloyd's and the Munich Re Group is delivered on time and to a high level of quality.

MRSG have embarked on ambitious transformation plans. As part of that, MRSG Finance are working to become an automated process led department, through process standardisation, application of new technology and leveraging digitisation and automation opportunities. This role will be actively involved in those transformation projects to deliver that ambition.

This role is well suited to an individual who enjoys preparing work to a high standard, whilst embracing the opportunity to work with a broad range of stakeholders on high profile projects in an organisation that will support and invest in your professional development.,

• Preparation of the month-end financial close processes for the technical accounts and bank reconciliations


• Preparation and quality assurance of bordereau.


• Quarterly audit file production, including coordination, ensuring all schedules are completed on time and referenced to supporting material.


• Improve and automate existing processes and then integrate them efficiently with the current reporting process


• Work closely with the Account and Financial Reporting team in London


• Participate in Finance MRSG wide projects (e.g. Set-up of a new business stream)


• Support other areas of the team where appropriate and with any other ad-hoc task as assigned.



• Help drive forward good Conduct for the business to deliver the best outcomes for customers / 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


• Act to deliver good outcomes for retail customers. This includes abiding by the Consumer Duty cross-cutting rules below:

+ Act in good faith towards retail customers.
+ Avoid causing foreseeable harm to retail customers.
+ Enable and support retail customers to pursue their financial objectives, Take responsibility for your own career and actively support 'continuing professional development'.

10. Commercial/business awareness

The capacity to understand the business opportunities and priorities of the organisation and constantly seek methods of ensuring that the organisation continues to be business-like and continues to meet the standards and requirements of its regulators.


• Technical background with previous technical accounting and/or credit control knowledge,


• Advanced knowledge of Excel ideally with a Microsoft Excel Certification,


• Comfortable multi-tasking and working as part of a team,


• Analytical, critical thinker with a problem solving attitude,


• Good communication skills and confident speaking to technical and business stakeholders


• Energetic and curious, Work cooperatively and flexibly with other members of the team with a full understanding of the role to be played as a team member.


2. Communication

Communicate clearly and persuasively, both orally and in writing.

3. Achievement/results-orientation

Get things done well and the ability to set and meet challenging goals, create own measures of excellence and constantly seek ways of improving performance.

4. Problem-solving

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

Adapt and work effectively in different situations and to carry out a variety of tasks.

6. Customer focus

Take constant care in looking after the interests of external and internal customers. Ensure that their wants, needs 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

The ability to decide on courses of action, ensure that the necessary resources are available and schedule the work required to achieve a defined result in a desirable manner., GCSE or A Level Maths,

• Part or full Accounting Qualification (preferred) or wiliness to begin studying towards qualification.


IT SKILLS:

Generic:

• MS Excel (advanced)


• MS Outlook (basic)


• MS Word (basic)
  
  Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. This role sits within the Munich Re Specialty Group (MRSG), a division of Munich Re that focuses on Primary Specialty Insurance.