Finance Graduate

Munich Re; Greater London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading global insurance provider in Greater London seeks a finance professional for a role involving (re)insurance accounting and financial reporting. The ideal candidate has a degree in finance, knowledge of the insurance sector, and experience in accounting. Responsibilities include producing internal reports, managing costs, and ensuring data quality compliance. This position supports a diverse and inclusive work environment with opportunities for career development.

Qualifications

• Good knowledge of Insurance or Re-insurance business.
• Understanding of general bookkeeping, including preparing and posting journals.
• Experience in a general accounting team, ideally in a large global organisation.

Responsibilities

• Produce high-quality internal and regulatory reports within set deadlines.
• Prepare shared cost allocations, accruals, and prepayments.
• Support statutory and group reporting, cost controlling, and payroll recharges.

Skills

Knowledge of Insurance or Re-insurance business

Understanding of general bookkeeping

Experience in accounting team

Education

University degree in financial or related field

Job description

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.

It is an exciting time to join our growing and evolving organisation. Help us shape the future in a role which will give you a broad exposure to the business and finance with the opportunity to specialise and develop in your career with Munich Re.

About the role

This role provides exposure to a range of finance disciplines, including technical (re)insurance accounting, cost reporting and steering, financial and regulatory reporting, client accounting management, financial planning and analysis and direct & indirect taxes. You will support internal and external stakeholders, contribute to process improvements, and ensure the highest standards of data quality and regulatory compliance.

Key Responsibilities

• Produce high-quality internal and regulatory reports within set deadlines.
• Prepare and account for shared cost allocations, accruals, and prepayments.
• Support statutory and group reporting, cost controlling, and payroll recharges.
• Handle large datasets and perform quality assurance checks.
• Lead on assigned topics and own all aspects of delivery including any follow ups. This includes working with key IT systems and tools.
• Support the quality assurance process of finance data within key financial deliverables.
• Collaborate closely with Finance colleagues to ensure a smooth month/quarter/year end.
• Work closely with key stakeholders (both within and outside of Great Lakes) to ensure timely delivery of information and a high level of service.
• Support the Great Lakes UK finance team with process improvement and automation initiatives.
• Support broader group projects as required.
• Adhere to relevant Munich Re group and Great Lakes UK local requirements where appropriate and the Group Closing Schedule.

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.

Desired Key Skills & Experience

• Good knowledge of Insurance or Re‑insurance business.
• 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

Desired Qualifications and Educational Background

University degree in financial or related field, or relevant Insurance/Reinsurance experience

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.