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Reinsurance Accounting Analyst

Location Madrid, Spain Job type Full-Time Work mode Hybrid Job level Professional Job ID 11163 Company Munich Re Employment type Regular Area of expertise Finance, Accounting & Controlling
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Reinsurance Accounting is a motivated, diverse global team of experts committed to providing timely reliable accounting information and related services in an efficient manner to internal and external stakeholders. We act passionately to fulfil our current and future business requirements with open and effective communication and close cooperation utilizing harmonized processes, methods and tools.

For our team in Life Accounting Madrid we are looking for a talented, experienced professional to join our team and who is committed to work with internal and external clients. In an exciting environment the Reinsurance Accountanting Analyst acts as the Single Point of contact and ensures the service deliverables are met.

With challenging and broad range of tasks you are in an environment to shape your career with our support.

Your Job:

  • Check reinsurance statements of account based on the reinsurance terms and conditions and process them in our systems.
  • Ensure the quality of data for the quarterly closing and annual financial statements, committing to the department’s service standards affecting turnaround times
  • Preparation of account monitoring for selected clients and explanation of quarterly movement to senior management
  • Subject matter experts on specific accounting topics
  • Drive and participate in accounting related projects across divisions locally and globally
  • Corresponding with and advising cedants on accounting and general administration matters
  • Respond to client enquiries accurately and professionally and if necessary, liaise with other departments within MR for support to ensure an efficient and professional response is given to achieve client satisfaction
  • Conduct client reviews/audits & internal reviews
  • Provide timely and effective business support including financials, accounting & reporting related issues and regulatory impacts to meet business needs as required
  • Forge strong relationships with Life business units including middle offices (e.g. CM, Claims, Data Management etc.) to ensure all consulting & service needs are met

Your Profile:

  • Degree in business management, with an accounting focus and/or completed business studies qualification and +3 years' accounting/reporting experience
  • Knowledge of accounting, preferably in re/insurance accounting based on the HGB, IFRS and Solvency II is a plus
  • Good business knowledge and understanding of various aspects of the business operations and the associated financial dynamics, financial reporting systems
  • Experience in project driven environment and awareness of project management methodology
  • Analytical skills and accuracy in dealing with figures
  • Self-confident approach combined with a high degree of commitment and dedication to work effectively and independently, willing to face new responsibilities
  • Team spirit; interest in and capability to expand, maintain and pass on knowledge
  • Strong communication skills and high degree of intercultural competence
  • Fluent using Microsoft packages i.e. Excel
  • Excellent language skills in Spanish and English. Portuguese is a plus.

About us

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel. 

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.

Sounds like you? Push boundaries with us and be part of Munich Re.

Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

  • Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
  • Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
  • Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

  • Competitive salary: appropriate compensation for your high level of commitment.
  • Retirement provision: state of the art in-house pension solutions.
  • Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
  • Health management: focus on your physical and mental health far beyond legal requirements.
  • Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.
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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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