Cash Management & AP Specialist

Together, we engage with everything we have and are, to help humankind act braver and better.

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:

We are looking for an accountant to provide cash management and accounts payable support to several key re/insurance entities and service companies within the Munich Re Group.  This is an exciting opportunity for an accountant looking to work in a supportive team providing accounting services to entities generating c. £4bn premium and growing.  Responsibilities are varied and shared and would provide the right individual with a grounding in several important areas of finance.

Key Responsibilities:

• Meet cash management reporting and monitoring deadlines on a daily, weekly, monthly and quarterly basis
• Daily, weekly and quarterly liquidity forecasting
• Monitor bank accounts and liquidity levels
• Effective communication between group companies, investment managers at Group level and all stakeholders. Manage the relationship with our banking partners
• 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
• Ensure all staff expenses are processed in a timely manner and with data quality
• Process vendor invoices
• Complete vendor reconciliations

• Report on vendor, bank, customer and other balance sheet open items – manage these with relevant teams
• Complete monthly bank reconciliations

Competencies:

Nimble learning (we think big) – you actively learn by tackling new problems and trying out new solutions, quickly learning from both successes and failures.

Collaborates (we lead the ‘we’) – you work together with others in your team, the department and wider business (where relevant) to meet shared commitments.

Optimises work processes (we grow with our clients) – you know the most effective and efficient processes to get things done and are constantly assessing how they can be improved.

Resourcefulness (we care and dare) – you find a way to get things done with the best use of the resources available to you, knowing when to ask for support from others, but also offering your support to others where you feel your expertise, knowledge and skills can add value.

Communicates effectively (we are clear and authentic) – you communicate clearly and appropriately with your audience. You also share ideas, learn from others and keep stakeholders informed about progress, problems, opportunities and solutions, soliciting feedback along the way.

Key Skills & Experience:

• Excellent customer service skills
• Able to communicate clearly and concisely in person/online and in writing
• Experience in Cash Management & Accounts Payable, ideally in a large global organisation in which adherence to Group standards is required
• Working knowledge and experience of SAP
• Keenness to learn new things
• Focused on quality and excellent attention to detail
• 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:

• At least full member of AAT or other equivalent finance recognised qualification

Thought Leaders:

You will demonstrate 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:

• 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.