Accounts Payable Technician

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 Technician

We are currently looking for an Accounts Payable Technician to be based in Manchester on a full-time basis for a 12 month fixed-term-contract reporting into the Account Payable & Receivable Manager.

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.

The successful candidate will be responsible for effectively and efficiently processing Vendor invoices, reconcile Vendor sub-ledger on a regular basis to statements of account, effectively liaise with Vendors as appropriate and process effectively and efficiently the internal employee expense processes providing an effective service.

Responsibilities:

• Responsible of processing purchase invoices in line with the company’s policy, including checking cost centre and General ledger coding to ensure accurate reporting. Using Coupa P2P system.
• Prepare, process and record payment runs.
• Deal with internal and supplier queries relating to invoices and payments,
• Clear vendor and discrepancies balances.
• Dealing with employee expense claims.  Reviewing all high risk receipts, ensuring all expense claims are in line with the Company’s expense policy.
• Monthly & quarterly reconciliations, including Bank, control accounts, vendor, credit cards (Audit File),
• Producing intercompany invoices, posting them to SAP ledger. Ensuring funds received in line with payment terms.
• Clear customer and discrepancies balances.
• Opening & closing employee Corporate credit cards.
• Ensure that the internal control mandates are up to date with all appropriate signatures obtained,
• Complete and development monthly/quarterly KPI schedules with appropriate analysis and commentary,
• Ensure that inter group balances are reconciled
• Ensure all AP processes are documented effectively, detailing areas of financial judgement,
• Pursue accounts payable process improvements, creating more robust controls and driving efficiencies,
• Assist in other areas of the team where appropriate and any other ad-hoc task as assigned,
• Assist the Senior FP&A Accountant with ad-hoc projects.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

Knowledge and Skills

• Knowledge of banking portals 
• Double entry knowledge
• Intermediate Excel skills
• Able to work in a fast paced environment
• Good communication skills
• Attention to detail
• Able to work independently and be a team player

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!

Diversity, Equity & Inclusion

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.

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.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to sustainability is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our sustainability strategy aims to deliver holistic impacts across environmental, social and governance topics.

Learn more about sustainability at Munich Re – choose your impact! 

#BePresent #BeBold #BeCurious