- Entry level
- No Education
- Salary to negotiate
SENIOR ACCOUNTING POLICY ANALYST
We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.
As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
Future focused and always one step ahead
This position is that of Senior Accounting Policy Analyst within the Accounting Research and Compliance department responsible for technical accounting research, compliance and accounting policy development, and implementation of new accounting guidance (including IFRS 17 and IFRS 9). This position will also support the Solvency II and IFRS reporting process, as part of Munich Re’s worldwide corporate close system. The financial reporting includes the companies in the MRAC consolidation group and management of the North America intercompany hub process.
As Senior Accounting Policy Analyst , you’ll:
Monitor, research and assess the impact of new authoritative accounting guidance under all bases of accounting (IFRS, GAAP, Statutory, Tax, Delaware Insurance Code, Solvency II).
Manage/support the implementation of new accounting guidance requirements and changes (local/regional/global), including IFRS 17 and IFRS 9.
Research new and emerging issues affecting Solvency II, IFRS, GAAP and STAT financial reporting. Provide an update and impact analysis to the North America entities including senior management. Work with line function employees to implement the new standards.
Responsible for the ongoing development, maintenance and compliance with the Company’s local accounting policies and procedures. Participate in key industry groups to monitor accounting and regulatory issues and trends and support lobbying efforts related to the Company’s accounting policy positions.
Provide technical accounting advice, support and research on specific transactions, questions/issues and special projects (M&A, etc.) based on the requirements/requests of financial management, underwriting personnel (production and innovation areas) and operational accounting areas (local/regional/global, as required).
Participate in special projects as assigned. May include the implementation or change in regulatory or accounting requirements, complex transactions, accounting policy development and/or systems implementations.
Subject matter expert, directing other departments within FMR in the preparation and submission of quarterly and annual Solvency II reporting. Coordinate w/ local team leads in resolving reconciliation and intercompany discrepancies. Escalate Solvency II related issues and risks to management.
Support training on accounting concepts, guidance and technical issues.
Successful candidates will possess the following skills/capabilities:
BS in Accounting
7+ years experience in reinsurance or insurance accounting, and GAAP and/or IFRS financial statement preparation and reporting
CPA or MBA
Public accounting experience preferred
Knowledge of multiple bases of accounting (GAAP, Statutory and IFRS accounting guidance/principles) – ability to research accounting related issues and reach appropriate conclusions/resolution on such
Position requires a self-motivated individual, able to work independently and bring complex issues to resolution.
Ability to adapt to varied situations during periods of ambiguity, uncertainty, and change
Ability to communicate in a clear and concise manner, both verbally and in writing to multiple levels within the organization
Ability to supervise, guide and teach others.
Ability to work effectively with people at varying staff levels and management
Ability to apply knowledge and expertise to wide ranging and complex problems
Experience with SAP financial systems a plus
Project management experience a plus
Continually seeks to improve the accuracy and efficiency of the GAAP and IFRS reporting processes
Language: English required, German a plus
About the company
Munich Re is one of the world’s leading risk carriers and stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. The Group operates in all lines of insurance, with around 45,000 employees throughout the world and combines primary insurance and reinsurance under one roof.
Besides our capital base, the foundation of our success is knowledge and competence – qualities that benefit clients and staff alike. As a world-class reinsurer, we invest a great deal in maintaining our knowledge lead and foster the innovative strength and expertise of our more than 11,000 employees in reinsurance. We motivate by offering a wide variety of responsible tasks with clear objectives, and cultivate a team spirit. Our corporate culture is defined by performance, mutual respect and trust. All this makes us an attractive employer providing global career development opportunities and prospects.