Investment Accountant Sr

Munich Reinsurance America, Inc; Princeton (NJ); On-site; USD 106,000 - 155,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays

Paid time off (PTO)

Employee wellness program

Life and disability insurance

Job summary

Munich Reinsurance America, Inc. in Princeton, NJ, seeks an Investment Accountant Sr to support the investment accounting function, including balancing schedules, required disclosures, and management of regulatory reporting.

The role involves coordinating with third-party agents and internal teams. The successful candidate will have 4+ years in investment accounting, strong GAAP knowledge, and proficiency with Excel and investment software (PAM, Aladdin, Clearwater, CAMRA).

Qualifications

• Bookkeeping and/or accounting experience.
• Bachelor's degree in accounting, finance or equivalent; CPA/MBA preferred.
• Strong knowledge of US GAAP; IFRS knowledge is a plus.

Responsibilities

• Analyze, reconcile and balance the monthly investment interface package.
• Prepare monthly and quarterly variance analyses and plausibility checks.
• Assist Investment Accounting Lead & Manager on projects and filings.
• Ensure monthly/quarterly/annual investment filings and reports comply with GAAP/STAT/IFRS.

Skills

Bookkeeping

Accounting

Excel

PAM

Aladdin

Clearwater

CAMRA

GAAP/IFRS

Analytical

Time management

Education

Bachelor's degree in accounting/finance

CPA/MBA credentials

Tools

PAM

Aladdin

Clearwater

CAMRA

Job description

Investment Accountant Sr

Applicants, including applicants holding a valid CPT/OPT visa, who will require employer sponsorship of a visa now or in the future will not be considered for this position.

We are 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.

The Company

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.

The Opportunity

Responsible for supporting Munich Re America Services investment accounting function, including the preparation or review of balancing schedules, Munich Re required schedules, financial statement footnotes and disclosures, as well as management, regulatory and rating agency investment reporting. These activities encompass from one to three accounting bases and involve complex and at times, time sensitive tasks. The position also encompasses working on Investment Accounting related projects as well as working with the third-party accounting agent supporting the investment accounting process.

Responsibilities:

• Responsible for the timely analysis, reconciliation and balancing of the monthly service provider investment interface package as well as the completion and review of the data tied to the global investment database within prescribed deadlines. This includes compiling and reconciling investment interface information and identifying and resolving reconciling items. As well as communicating issues of significance to various parties, including the Munich Re global investment database Data Management Team, the third-party accounting agent, Munich Re America's asset manager, as well as management personnel.
• Prepare monthly and quarterly variance analysis and review plausibility checks associated with affiliated investment interface files.
• Assist Investment Accounting Lead & Manager on various projects, as requested. To include:
• ensure monthly, quarterly and annual investment financial filings and reports (including financial statement footnotes) are correct and in accordance with regulatory, management and inter departmental guidelines. Review and maintain supporting documentation for internal and external audits, GAAP/STAT/IFRS statements and monthly investment interface deliverables.
• Responsible for the timely analysis, reconciliation and balancing of the monthly service provider investment interface package as well as the completion and review of the data tied to the global investment database within prescribed deadlines. This includes compiling and reconciling investment interface information and identifying and resolving reconciling items. As well as communicating issues of significance to various parties, including the Munich Re global investment database Data Management Team, the third-party accounting agent, Munich Re America's asset manager, as well as management personnel.
• Prepare monthly and quarterly variance analysis and review plausibility checks associated with affiliated investment interface files.
• Assist Investment Accounting Lead & Manager on various projects, as requested. To include:
  • ensure monthly, quarterly and annual investment financial filings and reports (including financial statement footnotes) are correct and in accordance with regulatory, management and inter departmental guidelines. Review and maintain supporting documentation for internal and external audits, GAAP/STAT/IFRS statements and monthly investment interface deliverables.

Qualifications:

Successful candidates will possess the following skills/capabilities Bookkeeping and/or accounting experience

• Bachelor's degree in accounting, finance or equivalent experience. CPA and/or MBA credentials.
• Professional experience of 4 +years in the insurance sector, with a strong background in investment accounting, financial reporting or auditing.
• Strong analytical skills, with the ability to articulate ideas clearly in written and verbal form.
• Strong time management skills and the ability to adhere to strict deadlines.
• Ability to think critically, analyze, prioritize, take initiative and problem-solve under pressure.
• Strong knowledge of US statutory and GAAP accounting principles is essential, and a working understanding of IFRS accounting guidance is highly preferred.
• Proficiency in Excel and experience with financial systems or investment software such as PAM, Aladdin, Clearwater, or CAMRA.
• Strong team orientation, collaborating with co-workers to develop and implement solutions

The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company's Princeton location. The base salary range anticipated for this position is $106,000 - $155,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). The salary estimate displayed represents the typical salary range for candidates hired in this position in Princeton, NJ. 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. Most candidates will start in the bottom half of the range.

At Munich Re, we see Diversity, Equity 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 customers we serve and 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 develop talent with a focus on providing our customers the most innovative products and services.

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

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