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Accounts Payable & Receivable Technician (m/f/d*) - Munich Re Specialty Global Markets (MRS-GM)

Location Milan, Italy Job type Full-Time Work mode Hybrid Job level Professional Job ID 14416 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Finance, Accounting & Controlling
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Do you have experience managing payments and receivables, reconciling accounts and ensuring financial transactions are processed accurately and on time?

About us

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 (m/f/d*)

We are currently looking for an Accounts Payable & Receivable Technician to be based in Milan on a full-time basis, reporting into the Finance Accounts Receivable & Payable Manager.

In this role, you will support the accurate processing and accounting of operational and insurance technical transactions across the Italian and European business. Working closely with colleagues, suppliers and stakeholders, you will help ensure payments, receivables and cash movements are processed efficiently while contributing to a strong control environment and continuous improvement of finance processes.

Responsibilities:

  • Ensure the accurate and timely processing and accounting of operational and insurance technical transactions for the Italian and European business, including the correct recording of cash movements across the relevant accounts. 
  • Process and record premium, claims and commission payments and receipts, as well as other insurance technical cash movements. 
  • Process operational payments and receipts, including supplier invoices and employee expenses, working closely with the business, suppliers and employees. 
  • Investigate queries, discrepancies and outstanding items, taking ownership of issues through to resolution. 
  • Support key balance sheet controls and reconciliations, ensuring records are complete and accurate. 
  • Upload bank statements and clear open bank items in the general ledger. 
  • Support the annual audit by preparing documentation, providing workings and participating in process walkthroughs, while maintaining accurate KPI reporting. 
  • Document processes effectively, manage tasks within agreed timelines and proactively identify opportunities for continuous improvement, while providing cover across the team when required. 

Knowledge and Skills

  • Experience or knowledge of the end-to-end payments and receivables process, supported by a relevant professional qualification or equivalent experience. 
  • Understanding of payment processing, reconciliations and general ledger activities within a finance environment. 
  • Ability to communicate in Spanish or German, both verbally and in writing. 
  • Strong analytical and problem-solving skills, with excellent attention to detail and a high level of accuracy. 
  • Clear and confident communication skills, with the ability to work effectively with a range of internal and external stakeholders. 
  • Strong planning and time management skills, with the ability to prioritise workload, meet deadlines and deliver results under pressure. 
  • A collaborative, flexible and customer-focused approach, with a proactive mindset and willingness to share knowledge across the team. 
  • Intermediate proficiency in Microsoft Excel and confidence using Microsoft 365; experience with SAP General Ledger, Websure or Power BI would be an advantage. 

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

*This job advertisement is addressed to all female and male candidates who meet the requirements, without any discrimination based on sex, gender, sexual orientation, nationality or ethnic origin, religious belief, disability, and/or any other personal or social condition.

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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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