Junior Accountant

Munich Re of Malta p.l.c. – Junior Accountant (m/f/d)* (Fixed Term Contract)

Company
Munich Re
Location
Valletta , Malta

Munich Re of Malta p.l.c. (MRoM) is a subsidiary of the Munich Re Group with a portfolio of more than € 4 billion premium and a corresponding large balance sheet. The book of business stems from group-internal retrocessions and third-party reinsurance in life, health, and non-life from markets all over the world, and is written in close cooperation with various units in the Munich Re Group. MRoM is a fast-growing, extremely efficient company looking for a qualified professional who is initiative-taking to support our Finance Team’s reinsurance accounting activities on a fixed term contractual basis from January 2025 until June 2026 (18 months).

The candidate for the Junior Accountant role works in close cooperation with local colleagues and the MR Group supporting departments. This role will focus primarily on payment processes and general accounting. The junior accountant will also develop expertise in the IFRS closing process over time and develop skills in reinsurance accounting and payments processing over time. The accountant will also support general banking and treasury operations, and other activities as assigned for back-up and cross training.

The successful candidate will be occupying a role that provides an excellent opportunity for development within the fields of treasury, IFRS close and reporting, and reinsurance in a first-class international organization. Internal and external training will be supported and provided where required.

The position is in Malta.

Your job:
•   Support quarterly closing activities and financial reporting to the Munich Re headquarters and external local institutions for IFRS and Solvency II
•   Maintenance of purchase ledger, processing of invoices
•   Carry out cost analysis, general ledger reconciliation, and other accounting duties on various SAP based systems
•   Technical reinsurance accounting
•   Other general accounting duties assigned in cash operations, VAT taxes, fixed assets, or expense controlling related matters

Your profile

•   Recently graduated from University or 1 to 2 years’ experience in accounting or in possession of, or in the process of obtaining an equivalent qualification such as ACCA
•   Fluent business English (spoken and written)
•   Willingness to learn and develop in the (re)insurance accounting field
•   Precise way of working, pro-active and result oriented
•   Confident personality and positive attitude
•   Very good team player
•   Proficiency in Microsoft Office tools
•   Insurance knowledge preferred
•   Contribute to process improvement projects as part of the ongoing finance transformation efforts.

For any further information or clarification on this position please do not hesitate to contact Sandra Anglin-Caldwell directly at SAnglin-Caldwell@munichremalta.com

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*DIVERSITY STATEMENT
At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer.

ABOUT US

Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to pandemic, we take care of risk, so our clients can take care of their business.

Munich Re of Malta p.l.c. (C45422) is authorized and regulated by the Malta Financial Services Authority to carry on business of reinsurance in terms of the Insurance Business Act, 1998. The Company’s registered office is situated at Level 4, Whitehall Mansions, Ta’ Xbiex Seafront, Ta’ Xbiex´, XBX 1026, Malta.