Senior Accountant, Financial Reporting

About the Position

Senior Accountant, Financial Reporting

Location: New York, United States

Job type: Full-Time

Work mode: Hybrid

Job level: Professional

Job ID: 14665

Company: Munich Re Life US

Employment type: Regular

Area of expertise: Finance, Accounting & Controlling

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Responsibilities

• Serve as a liaison with MRAS Investment Accounting, the internal Investments Shared Service Center, and BlackRock, the external investment accounting service provider. Coordinate accounting, reporting, and reconciliation activities related to the investment portfolio under IFRS and STAT.
• Review reconciliations, impairment and fluctuation analyses, investment schedules, footnote disclosures, and other key deliverables prepared by the MRAS Investments Accounting team to ensure timely resolution.
• Coordinate quarterly investment forecasts and annual investment planning activities. Prepare the investment dashboard and other management and executive reporting.
• Coordinate and review statutory investment schedules, disclosures, and regulatory reporting deliverables. Ensure deliverables are complete, accurate, timely, and supported by appropriate documentation.
• Prepare journal entries for AVR and IMR calculations and review investment income allocation, and assigned IFRS and STAT account reconciliations. Oversee accounting, valuation, and monitoring activities for alternative investments and reinsurance trust arrangements.
• Assist with the quarterly tax provisions and annual tax returns by preparing certain inputs and managing the quarterly request list to ensure that all items are delivered timely to the tax team.
• Leverage data analytics and technology solutions, including Alteryx and Power BI visualizations, to enhance financial reporting, develop meaningful management insights, automate recurring activities, and improve the efficiency and effectiveness of accounting and reporting processes.
• Support internal and external audit requests, ensure adherence to internal control requirements, including ORCS and MARSOX.
• Assist with accounting research, ad-hoc requests, process documentation, and continuous improvement initiatives.

Requirements

• Core Skills:

  • IFRS
  • Investment Accounting
  • Excel
  • SAP

• Secondary Skills:

  • CPA
  • Insurance Statutory Accounting
  • Income Tax Accounting
  • Alteryx
  • Power BI

• Experience: 4+ years of progressive accounting experience, with 3+ years of public accounting experience preferred

We Offer

• Competitive salary range: $122,000 to $141,000, plus an annual company bonus
• Health insurance options (PPO or High Deductible) with prescription drug coverage
• Vision and dental insurance plans
• Basic life insurance equal to 1x annual salary and AD&D coverage equal to 1x annual salary
• Short and Long-Term Disability coverage
• Supplemental Life and AD&D plans for employees and dependents
• Voluntary Benefit plans (Accident, Critical Illness, and Hospital Indemnity)
• 401k plan with up to a 6% employer match
• Paid time off starting with 24 days per year, increasing with service anniversaries
• Eligibility for a yearly bonus
• Health and wellness programs, including gym reimbursement
• Paid time off for family care needs
• Tuition assistance and educational achievement bonuses
• Corporate matching gifts program
• Paid time off for community volunteering

About the Company

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

For New York City based employees, the base salary range anticipated for this position is $122,000 to $141,000, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, and comparison to other employees already in this role.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

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