AVP, Budget and Cost Management

Hannover Re; Hannover; Vor Ort; EUR 114.613 - 155.065; Vollzeit

Benefits dieser Stelle

Medical, dental, vision

PTO

Life insurance

401(k) and profit sharing

Zusammenfassung

Hannover Life Reassurance Company of America (Hannover Re) seeks an AVP, Budget and Cost Management to lead the budgeting and cost management function across the HLRA Family. You will hire, develop and manage talent while guiding expense budgeting and forecasting.

You will oversee intercompany billings, reconciliations, and provide financial reporting for transfer pricing reviews. Strong Excel and ERP experience are required, with CPA/MBA preferred.

Qualifikationen

• Bachelor’s degree in accounting or finance.
• Minimum five years in budgeting and accounting with three years in staff management.
• Advanced MS Excel skills including pivots, vlookups and data exports.

Aufgaben

• Coordinate and prepare HLRA Family’s annual budgets and quarterly forecasts.
• Oversee intercompany billings and reconciliations under transfer pricing guidelines.
• Facilitate intercompany billings and ensure timely collections.
• Prepare schedules and reports for management and transfer pricing reviews.
• Administer budgeting software, set up users and training; work with IT on enhancements.

Kenntnisse

Directs Work

Manages Complexity

Communicates Effectively

Optimized Work Performances

Ausbildung

Bachelor’s of Science Degree in Accounting or Finance

Five years budgeting and accounting experience

MS Excel proficient

Tools

Abacus

PeopleSoft

Concur

Jobbeschreibung

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Hannover Re – as one of the world’s leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow.
Our strength? Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products.
Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next.

Sounds good? Get to know us as a reliable employer and find your place with us.

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open AVP, Budget and Cost Management position. This is a Full-Time role within the CSS - CEO department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

You can look forward to

Job Summary:

Serves as head of Budget and Cost Management department, including hiring, retaining and developing talent. Plans and develops the management expense budgeting program for the family of companies under Hannover Life Reassurance Company of America (“HLRA Family”). Oversees intercompany billings, reimbursements, reconciliations and collects monies due for non-technical business services, project work and third party costs performed or incurred by the family of companies under Hannover Life Reassurance Company of America (“HLRA Family”). Facilitates intercompany billings received by Hannover Life Reassurance Company of America (“HLR US”) from Hannover Rück SE (“Hannover Office”). Prepares various financial reports, schedules and gathers supporting documentation for the annual transfer pricing review requested by HLRA Family’s tax advisors.

Essential Functions:

• (40%) Coordinates and prepares HLRA Family’s annual management expense budgets and quarterly forecasts under the guidelines and deadlines set forth by the Home Office and HLR US. Prepares various budget and cost controlling reports along with analytical commentary requested by Group Controlling Services (“GCS”) at the Home Office and the Operational Council (“OC”) members of HLR US. Develops, maintains and updates the management planning process and procedures while identifying opportunities for cost and labor savings for HLRA Family.
• (20%) Oversees intercompany billings and reimbursement reconciliations for non-technical business services, project work and third party costs in accordance to transfer pricing guidelines established by Group Taxation at the Home Office. Sends reminder invoices and makes collection requests for any non-technical intercompany amounts owed to HLR US or HLRA Bermuda.
• (15%) Facilitates intercompany billings issued by the FA-Corporate Accounting (FA-CCA) office for services rendered by the Home Office to HLR US. Duties include routing each intercompany billing to the appropriate recipient(s) at HLR US for approval; supplying the account and department coding of the intercompany billing when requested; and, investigating any past due intercompany amounts owed to the Home Office from HLR US.
• (15%) Prepares various schedules and reports such as quarterly management expense reports for actuals and forecasts for corporate finance and corporate actuarial; management expenses 5 year plan; payments to foreign affiliates; board book schedules and narratives; and, provides supporting documentation for the annual transfer pricing review requested by HLRA Family’s tax advisors. Provides information for adhoc requests as required.
• (10%) Administers the company’s budgeting software system. Administrator duties include setting up and maintaining users, entities, projects and management expense account structures based upon the guidelines established by the GCS and OC members; providing access rights and training to the system users; creating and designing various management expenses reports for system users; and, partnering with IT to identify, develop, implement and test budgeting system enhancements and improvements.

You come equipped with

• Directs Work
• Manages Complexity
• Communicates Effectively
• Optimized Work Performances

Essential knowledge, skills and abilities:

• Bachelor’s of Science Degree in Accounting or Finance
• Minimum of five years of overall experience in general budgeting and accounting including three years of staff management
• MS Excel proficient including exporting, importing, complex linking, v-lookups and pivot tables
• Effective communication and presentation skills

Desired knowledge, skills and abilities:

• CPA and/or MBA designation or equivalent
• Experience in utilizing the following software: Abacus (budgeting), PeopleSoft (accounts payable and general ledger) and Concur (online travel and expense reporting)
• General understanding of STAT and IFRS accounting
• Prior insurance industry experience

Travel:

• Travel to Other US offices is less than 5%

Total Compensation (Inclusive of base + Bonus):

• $130,900 - $177,100

Benefits Include:

• Comprehensive medical, dental, and vision
• Paid Time Off (PTO)
• Company provided life insurance and disability benefits
• 401(k) and profit sharing
• Additional ancillary benefits available

Hannover Life Reassurance Company of America (Hannover Re) seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.

We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, email [e-mail]. Please allow for 24 hours to process your request.

We will accept applications until a candidate has been identified and selected to fill this position.