AVP, Budget and Cost Management, 3243

Hannover Re; Orlando (FL); On-site; USD 130,900 - 177,100; Full time

Benefits offered by this job

Comprehensive benefits

PTO

401(k) and profit sharing

Life insurance

Job summary

Hannover Life Reassurance Company of America (Hannover Re) seeks a strategic AVP, Budget and Cost Management to lead the budgeting program across the HLRA Family. You will supervise budgeting processes, prepare annual budgets and forecasts, and drive cost-saving opportunities in a complex, multinational setting.

The role requires strong accounting/finance background, five years in budgeting with staff management, and expertise in Excel, ERP systems, and budgeting software.

Qualifications

• Bachelor’s degree in Accounting or Finance; five years budgeting experience; three years staff management
• MS Excel proficient including exporting, importing, complex linking, v-lookups and pivot tables
• CPA and/or MBA designation or equivalent; experience with budgeting software and ERP systems

Responsibilities

• Coordinates and prepares HLRA Family’s annual management expense budgets and quarterly forecasts.
• Oversees intercompany billings and reimbursement reconciliations for non-technical services.
• Facilitates intercompany billings issued by FA-CCA and routes for approval; manages coding and past-due investigations.
• Prepares schedules and reports such as quarterly management expense reports, five-year plan, and transfer pricing documentation.
• Administers budgeting software; sets up users/entities/projects and provides training.

Skills

Directs Work

Manages Complexity

Collaborates

Communicates Effectively

Optimized Work Performances

Education

Bachelor’s in Accounting or Finance

CPA and/or MBA designation

Tools

Abacus

PeopleSoft

Concur

Job description

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
• Collaborates
• 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.