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Accounts Payable & Accounts Receivable

Location Madrid, Spain Job type Full-Time Work mode Hybrid Job level Professional Job ID 12364 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Finance, Accounting & Controlling
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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 & Receivable Technician

We are looking for aAccounts Payable & Receivable Technicianto join our Madrid, Spain office on a full-time basis with hybrid working of 2-3 days per week in the office.  

If you are keen to apply for this position, please can you submit your CV in English. 

You will ensure the effective processing and accounting for operational and insurance technical transactions for Spanish / Europe business to ensure accurate processing of cash and movements in the respective accounts. Working closely with the business, suppliers, employees.

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.

Responsibilities

  • To be proficient and accurate in the processing and recording of premium receipts and payments, claims payments and receipts, commission payments and receipts, other insurance technical cash movements and operational payments and receipts i.e. suppliers, employee expenses
  • Deal with queries and resolve any issues, discrepancies
  • Assist in the completion of specific key balance sheet controls and reconciliations.
  • Assist in the annual audit by providing support and workings as required and via process walkthrough’s.
  • Complete the upload of bank statement & clearing of bank open items in the ledger
  • Produce appropriate KPI reporting for consolidation into the teams KPI’s
  • Ensure all processes are documented effectively, detailing areas of judgement
  • Manage tasks within agreed timetable including booking relevant review meetings with management
  • Critically appraise all processes and assumptions on an ongoing basis with a ‘continual improvement outlook’ and proactively engage with relevant stakeholders to improve where opportunity exists
  • Assist in other areas of the team and provide effective cover where appropriate as assigned

Knowledge and Skills

  • Advanced knowledge of Excel
  • Ability to communicate in Spanish and English both verbally and in writing
  • 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.

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 ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

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

#BePresent #BeBold #BeCurious

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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