Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Technical Accountant

Location Madrid, Spain Job type Full-Time Work mode Hybrid Job level Professional Job ID 9775 Company Munich Re Employment type Regular Area of expertise Finance, Accounting & Controlling
Apply Now

Munich Re Madrid is responsible for Reinsurance Non-Life technical accounting and claims accounting for Iberia, Latin America, Caribbean and Italy. We are looking for a flexible and highly motivated Accountant in this demanding, dynamic and international setting, contributing with expertise and engagement in the growing multicultural department.

Your job:

  • Assume responsibility for Non-Life Reinsurance Accounting for a specific group of regional clients (insurance companies and reinsurance brokers).
  • Verify reinsurance statements of account from our clients based on the terms and conditions of the wording and by checking specific calculations.
  • Process the statements of account in our SAP FS-RI systems, including the use of increasing automation tools.
  • Arrange for payments, request outstanding balances from our clients and reconcile account items.
  • Ensure data quality and perform quality checks at contract level.
  • Frequent contact with our clients to maintain and strengthen the relationship with a solution-oriented, efficient and client centric approach. Clarification, dunning and follow-up on accounts, conditions and payments will be needed.
  • Close cooperation and collaboration with the Business Units (Underwriters, Client Managers, Facultative Underwriting Assistants) and the Reinsurance Accounting International Organization.
  • Analyze and present reinsurance and accounting matters to various stakeholders.
  • Participate in challenging projects and working groups globally if applicable.

Your profile: 

  • Degree in administration, finance, economics or business sciences; recent graduates or individuals with less experienceare also welcome.
  • Knowledge of Accounting, preferably also of Insurance and/or Reinsurance.
  • Expertise in MS-Office, particularly Excel, and preferably in SAP tools.
  • Analytical skills and accuracy in dealing with figures.
  • Self-confident approach combined with a high degree of dedication to working effectively and independently, willing to face new responsibilities.
  • Strong communication skills, high degree of intercultural competence and team spirit.
  • Language knowledge of Spanish and English (written and spoken).
  • Being prepared to evolve into the role of Client Accountant by expanding the knowledge in the claims area and performing tasks such as review of claims notifications, verifying calculations based on the reinsurance conditions and processing the claims in our systems in close cooperation with Claims Management department.

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.
  • Hybrid working: living the best of both worlds – we offer you a very flexible approach.
Apply Now

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.