Accounting Process Improvement Manager

Munich Reinsurance America, Inc; Amelia (OH); Hybrid; USD 110,000 - 150,000; Full time

Job summary

American Modern Insurance Group, Inc., a Munich Re company, is a recognized specialty insurer offering products for residential property, boats, classic cars, and more. This role is hybrid, based in Amelia, OH, and supports the Accounting Department in day-to-day operations, process improvement, and large-scale finance transformation projects.

The Accounting Manager - Special Projects leads accounting research, ensures IFRS/Statutory compliance, and collaborates with stakeholders to drive

Qualifications

• 8+ years of accounting, internal audit, or financial statement audit experience.
• 5+ years of insurance industry experience.
• Experience in an insurance company accounting department, control monitoring and evaluation of reporting risks, and project management experience.
• Data Analytics/Automation/AI - Advanced understanding.

Responsibilities

• Provides ongoing day-to-day support with Statutory, IFRS, Solvency II, ESG, Accounting Operations, regulatory, and compliance issues and assists in the review of deliverables.
• Assists Accounting senior management with operational and project support by bringing knowledge of property & casualty insurance company processes and functions, including understanding of Statutory and IFRS accounting and reporting requirements, to achieve business-as-usual goals, meet project milestones, and drive transformational changes that result in increased quality and operational efficiency within Accounting/Finance.
• Performs ongoing assessments of the entire Accounting and Controllership process to determine if improvements are needed. Drives group discussions on process improvement, control execution, and documentation as part of the monthly, quarterly, and annual close processes, and offers suggestions on quality and efficiency improvement opportunities.
• Acts in a project management capacity for various local, regional, and global projects impacting Accounting. May help to manage projects, participate as a workstream lead, and/or act as an Accounting representative for projects.
• Performs and documents accounting research for new and non-routine transactions to determine Statutory and IFRS treatment. Assists with training and communication of new accounting pronouncements and process changes by leading the development of training content and memos.
• Leverages technical and insurance industry knowledge to assist in developing accounting processes and provides financial analysis to support key accounting interpretation decisions relating to the adoption of new guidance or changes in business circumstances.
• Assists with project change management activities, development of policies and procedures, and design and implementation of controls with a focus on standardization and compliance.
• Completes special requests from Accounting and Finance senior management for analysis, research, issue resolution, or other projects as necessary.
• Develops and utilizes analytical skills, including the ability to assess complicated, interrelated situations, to formulate pragmatic solutions for accounting issues.
• Supports the development and evaluation of the continuous improvement process and integrates this into the overall quality framework.
• Promotes a culture that values respect, integrity, honesty and authenticity while fostering strategic thinking, vision, and organizational alignment.

Skills

Data Analytics

Automation

AI

Education

Bachelor's Degree in Accounting/Finance/Business Administration

CPA Certification

Job description

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property - such as manufactured homes and specialty dwellings - and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can't.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re's Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day. This position has a hybrid schedule, 40-50% of the time in the office in Amelia, OH.

The Accounting Manager - Special Projects is a senior role responsible for assisting the Accounting Department with day-to-day operations support, process improvement, and change management activities associated with several large-scale finance transformation initiatives. This role will work with various internal and external stakeholders to coordinate initiatives and deliverables for Accounting. This role will also identify, escalation, and ensure resolution of complex issues and roadblocks related to ongoing financial accounting and reporting activities. Additionally, the role will support Accounting/Finance staff and other stakeholders to help drive projects, efficiencies, and controls relating to financial accounting and reporting processes.

Roles and Responsibilities

• Provides ongoing day-to-day support with Statutory, IFRS, Solvency II, ESG, Accounting Operations, regulatory, and compliance issues and assists in the review of deliverables.

• Assists Accounting senior management with operational and project support by bringing knowledge of property & casualty insurance company processes and functions, including understanding of Statutory and IFRS accounting and reporting requirements, to achieve business-as-usual goals, meet project milestones, and drive transformational changes that result in increased quality and operational efficiency within Accounting/Finance.

• Performs ongoing assessments of the entire Accounting and Controllership process to determine if improvements are needed. Drives group discussions on process improvement, control execution, and documentation as part of the monthly, quarterly, and annual close processes, and offers suggestions on quality and efficiency improvement opportunities.

• Acts in a project management capacity for various local, regional, and global projects impacting Accounting. May help to manage projects, participate as a workstream lead, and/or act as an Accounting representative for projects.

• Performs and documents accounting research for new and non-routine transactions to determine Statutory and IFRS treatment. Assists with training and communication of new accounting pronouncements and process changes by leading the development of training content and memos.

• Leverages technical and insurance industry knowledge to assist in developing accounting processes and provides financial analysis to support key accounting interpretation decisions relating to the adoption of new guidance or changes in business circumstances.

• Assists with project change management activities, development of policies and procedures, and design and implementation of controls with a focus on standardization and compliance.

• Completes special requests from Accounting and Finance senior management for analysis, research, issue resolution, or other projects as necessary.

• Develops and utilizes analytical skills, including the ability to assess complicated, interrelated situations, to formulate pragmatic solutions for accounting issues.

• Supports the development and evaluation of the continuous improvement process and integrates this into the overall quality framework.

• Promotes a culture that values respect, integrity, honesty and authenticity while fostering strategic thinking, vision, and organizational alignment.

What You Bring

• 8+ years of accounting, internal audit, or financial statement audit experience

• 5+ years of insurance industry experience

• Previous experience working in an insurance company accounting department, control monitoring and evaluation of reporting risks, and project management experience

• Data Analytics/Automation/AI - Advanced understanding

Education / Work Experience

• Bachelor's Degree in Accounting, Finance, or Business Administration

• CPA Certification

• Public Accounting or Large Corporate Accounting/Internal Audit Experience

At American Modern, 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 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 talent with a focus on

providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.