AVP Accounting

Munich Re; New York (NY); On-site; USD 186,000 - 215,000; Full time

Benefits offered by this job

Comprehensive Medical Plans

PTO and Family Leave

Retirement Savings Plans

Dental and Vision Plans

Employee Assistance Program

Job summary

Munich Re in New York is seeking an Assistant Vice President, Accounting to manage reinsurance and technical accounting. This role involves quality assurance, team management, and compliance oversight.

The ideal candidate will have a CPA, 10+ years of accounting experience in insurance, and skills in Oracle and Power BI. The position offers a salary ranging from $186,000 to $215,000 with benefits including comprehensive medical plans and wellness programs.

Qualifications

• CPA certification is required.
• 10+ years of progressive accounting experience.
• Experience in the insurance or reinsurance domain.

Responsibilities

• Manage accounting functions for IFRS and STAT.
• Supervise accounting teams for accuracy in financial entries.
• Ensure compliance with internal control requirements.

Skills

CPA

Insurance/Reinsurance experience

Public accounting experience

Oracle system experience

Proficiency in Excel

Project management

Education

10+ years of progressive accounting experience

Tools

Power BI

SAP

Job description

AVP Accounting

Munich American Reassurance Company (MARC) is seeking an Assistant Vice President, Accounting who will be responsible for managing and overseeing the reinsurance/technical accounting and elements of non-technical accounting close for both IFRS and STAT.

Reporting to the 2nd VP, Accounting and Financial Reporting, the AVP, Accounting will partner closely with MRAS Investment Accounting, Corporate Actuarial, Reinsurance Operations, other workstreams within Finance, and global Munich departments including Reinsurance Controlling (RIC) and Reinsurance Accounting (RIA). This role will also focus on overseeing the deployment of best practices to achieve a stable end‑to‑end reinsurance/technical accounting process, including challenging existing processes and the key control framework.

This role will own the books and records for actual results, partnering closely with stakeholders who influence reported figures and challenging processes when financial entries are requested by the accounting team. In addition, you will require a strong understanding of how the overall processing of transactions fits into the broader Munich Re group financial statements as well as local STAT financial statements.

Responsibilities

Accounting Oversight & Financial Reporting

• Own the management and quality assurance over all accounting functions, including reinsurance/technical accounting (premiums, claims, reserves, etc.) and non‑technical accounting (investments, pensions, cash, etc.) for IFRS and STAT
• Review and approve journal entries, reconciliations, and disclosures for non‑insurance areas such as pensions, leases, and intercompany
• Review accounting research and resolve complex or new reinsurance treaties, transactions, and investment structures as required
• Review key analyses and documentation, including impairment analyses, fluctuation analyses, and footnote disclosures prepared by the MRAS Investment Accounting Shared Service Center

Reinsurance Governance & Process Excellence

• Achieve alignment with Munich Re’s Reinsurance Accounting (RIA) Department on global governance and requirements, including IFRS accounting, Plan, and Forecast figures
• Oversee the deployment of best practices to maintain a stable end‑to‑end reinsurance/technical accounting process, including challenging existing processes and the control framework

People Leadership & Team Management

• Supervise the Reinsurance Accounting and General/Non‑Technical Accounting teams to ensure timely and accurate execution of accounting entries, reconciliations, analytics, and key controls
• Responsible for hiring, training, and supervising staff within the Accounting workstream in Finance

Internal Controls & Audit

• Oversee the development, maintenance, and documentation of controls to ensure compliance with internal control requirements (ORCS and MARSOX)
• Act as the primary liaison with internal and external auditors

Qualifications

• CPA required
• 10+ years of progressive accounting experience
• Insurance/Reinsurance experience required
• Public accounting experience preferred
• Creation and/or review of journal entries, including accounting accruals, estimates, and subjective accounting for technical accounting
• Application of STAT and IFRS accounting policy to daily, monthly and quarterly accounting in functions overseen
• Authorizations and recommendations for approval of certain write‑off balances and amounts within defined thresholds based on account balances and impact of write‑off
• Accounting decisions on defined benefit plan (Pension) and deferred compensation plan accounting and journal entry authorization for multi‑million pension liability
• Oversight and governance of the control environment of reinsurance accounting, investment accounting, cash and pension
• Reconciliation and risk tolerance decisions on reconciling items
• Ownership and sign‑off of investment schedules for regulatory filings (e.g., Bluebook schedule Ds, etc.) and audited financial statements
• Oracle system experience preferred, SAP system experience a plus
• IFRS and Insurance Statutory accounting experience preferred
• Excellent communication, organizational and time‑management skills
• Strong project management and ability to motivate a team towards a common goal, effectively works in a team environment and on an individual/independent basis
• High degree of attention to detail, documentation skills are proficient and concise
• Continuous improvement mindset, ability to handle multiple projects simultaneously by prioritizing tasks
• Proficiency in Excel and Power BI

Our Benefits

• Comprehensive Medical Plans
• PTO and Family Leave
• Retirement Savings Plans
• Dental and Vision Plans
• Life and Disability insurance
• Employee Assistance Program
• Adoption Assistance
• Wellness Programs – Calm, WW, SoFI, Virgin Pulse
• Commuter Benefits
• FSA and HSA Plans
• Hospital Indemnity, Critical Illness and Accident Plans

Equal Opportunity Employer

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Location & Salary

The Company is open to considering candidates in New York City. The base salary range anticipated for this position is $186,000 to $215,000, 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.