Assistant Financial Accountant

Location: City of London

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.

It is an exciting time to join our growing and evolving organisation. Help us shape the future of primary insurance service provision!

About the role

We are looking for an accountant to provide accounting 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. £3.7bn premium and growing. Responsibilities are varied and shared, with a focus on cost controlling, ensuring appropriate recharges from our key service company to our business units, accruals, prepayments, and some statutory and group reporting.

The role would provide the right individual with a grounding in several important areas of an in‑house finance function.

Key responsibilities

• Take a lead role in the shared cost allocations process and in the preparation and accounting for recharges from the UK service company to business units
• Cost reporting, taking responsibility for providing meaningful, timely and accurate data
• Ensure cost accounting is in accordance with Group guidelines
• Prepare accruals and prepayments, collaborating with others across the team and business units
• Work closely with HR colleagues to ensure appropriate accounting for and recharge of payroll and associated costs
• Quality assurance of costs
• Issue customer invoices on GRIPA, liaise with service recipients, agree and manage balances in accordance with Group requirements
• Support the wider team on statutory and Group reporting and on general accounting topics
• Collaborate with team members and others to work through the closing processes as efficiently as possible
• Play a keen and proactive role in ongoing process automation and improvements

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 understanding of general book‑keeping – including preparing and posting journals
• Experience in a general accounting team, ideally in a large global organisation in which adherence to Group standards is required
• Able to communicate clearly and concisely in person/online and in writing. Good presentation skills when presenting work done
• Comfortable dealing with employees at all levels of seniority
• Experience of a quarter end fast close and the ability to work to…