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.

Credit Controller

You will support the activities of MRRSI in Germany and its European branches extending to Europe and any other entities within GSI4.

Overall objective:

Ensure that all premium payments are made within agreed credit terms, maximising collections within the framework. To undertake the processing and administration of credit control transactions so that credit control targets are achieved.

Responsibilities:

Production, analysis and investigation of Aged Debtor Reports and Credit Balances
Chase, resolve, negotiate and reconcile aged credit accounts directly with brokers to enable the business to maintain an accurate record of its trading position. To include the reconciliation of aged credit balances, and ensure if funds are due to clients, they are forwarded without further delay.
Liaise closely and provide such detail to underwriters to ensure that any accounting queries and errors can be resolved quickly. Including escalation as appropriate.
Monitor payments received (cheque, BACS, Credit Card etc.) to ensure the accuracy and maintenance of data input and adherence to relevant procedures.
Respond to and take ownership of customer enquiries and allocated mail.
Ensure the applicable KPI’s are updated accordingly so as to provide an accurate picture of the performance of the team.
Ensure all processes are documented effectively, detailing areas of financial 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
Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

You are required to comply with the applicable local Conduct Standards:

To be competent and capable
To be honest, ethical and act with integrity
To be financially sound

Knowledge and Skills

Experience in, or knowledge of, the end-to-end receivables process
Ability to communicate effectively in German and English, both verbally and in writing
Strong analytical skills and attention to detail
Confidence in working with a wide range of stakeholders
Excellent time management skills, with the ability to prioritise and manage your own workload effectively
Ability to work under pressure and meet deadlines
Intermediate proficiency in Microsoft Excel is desirable

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

Credit Controller (m/f/d)*

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