Senior Accountant, Financial Reporting

Munich Re; New York (NY); On-site; USD 122,000 - 141,000; Full time

Benefits offered by this job

Two health insurance options (PPO or H

Prescription drug coverage

Vision and dental insurance

Life and AD&D coverage

Disability coverage

Tuition assistance

401k with company match

Job summary

Munich Re Group in New York, NY seeks a Senior Accountant, Financial Reporting to manage accounting, reporting and planning for the investment portfolio under IFRS and STAT. You will collaborate with MRAS Investments Accounting, internal teams and BlackRock to ensure accurate financial and regulatory reporting.

You will also help with quarterly tax provisions, prepare journal entries, and review reconciliations while leveraging Alteryx and Power BI to automate processes and deliver meaningful

Qualifications

• Experience in investment accounting and financial reporting.
• Knowledge of IFRS and Insurance STAT accounting.
• CPA preferred or active CPA credential.
• Proficiency with SAP, Alteryx, Power BI and Excel.

Responsibilities

• Coordinate IFRS/STAT reporting for the investment portfolio.
• Review reconciliations, disclosures and regulatory deliverables.
• Prepare journal entries and assist quarterly tax provisions.
• Develop dashboards and insights using Alteryx/Power BI.
• Support internal/external audits and control requirements.

Skills

Investment accounting

Financial reporting

Analytical skills

Communication

Regulatory reporting

Education

CPA certification

Tools

SAP

Alteryx

Power BI

Excel

Job description

The Senior Accountant, Financial Reporting will be responsible for accounting, reporting, reconciliation, and plan/forecast activities related to the investment portfolio under IFRS and STAT, as well as assisting with the quarterly income tax provision. Reporting to the Financial Reporting team, the role will collaborate with internal and external service providers to support the timely and accurate completion of financial and regulatory reporting requirements.

Responsibilities

• Serve as a liaison with MRAS Investment Accounting, the internal Investments Shared Service Center, and BlackRock, the external investment accounting service provider. Coordinate accounting, reporting, and reconciliation activities related to the investment portfolio under IFRS and STAT.
• Review reconciliations, impairment and fluctuation analyses, investment schedules, footnote disclosures, and other key deliverables prepared by the MRAS Investments Accounting team to ensure timely resolution.
• Coordinate quarterly investment forecasts and annual investment planning activities. Prepare the investment dashboard and other management and executive reporting.
• Coordinate and review statutory investment schedules, disclosures, and regulatory reporting deliverables. Ensure deliverables are complete, accurate, timely, and supported by appropriate documentation.
• Prepare journal entries for AVR and IMR calculations and review investment income allocation, and assigned IFRS and STAT account reconciliations. Oversee accounting, valuation, and monitoring activities for alternative investments and reinsurance trust arrangements.
• Assist with the quarterly tax provisions and annual tax returns by preparing certain inputs and managing the quarterly request list to ensure that all items are delivered timely to the tax team
• Leverage data analytics and technology solutions, including Alteryx and Power BI visualizations, to enhance financial reporting, develop meaningful management insights, automate recurring activities, and improve the efficiency and effectiveness of accounting and reporting processes.
• Support internal and external audit requests, ensure adherence to internal control requirements, including ORCS and MARSOX.
• Assist with accounting research, ad-hoc requests, process documentation, and continuous improvement initiatives.

Qualifications

• 4+ years of progressive accounting experience, with 3+ years of public accounting experience preferred
• CPA a plus
• Investment accounting experience required
• Insurance and/or financial services experience preferred
• IFRS and Insurance Statutory accounting experience a plus
• Investment accounting and financial reporting knowledge
• Income tax accounting knowledge a plus
• SAP system experience a plus
• Advanced proficiency in Excel
• Experience with Alteryx and Power BI preferred

Insurance benefits

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long-Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

Additional benefits

• A robust 401k plan with up to a 6% employer match
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost, including a gym fitness reimbursement.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re US, 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 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.

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better. As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

For New York City based employees, the base salary range anticipated for this position is $122,000 to $141,000, 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.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.