Senior Accountant, General Accounting

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

Benefits offered by this job

Health insurance (PPO/HDHP)

Prescription drug coverage

Vision and dental insurance

Life and AD&D insurance

Disability insurance

Voluntary benefits programs

401k with company match

Paid time off

Job summary

Munich Re US is seeking a Senior Accountant – General Accounting to lead monthly, quarterly, and annual close activities, including journal entries, reconciliations, and reporting under IFRS and statutory standards. You will partner with Treasury, Payroll, and business owners to ensure accuracy and timely disclosures.

The role also supports audits and disclosures, strengthens controls, and drives process improvements using data analytics tools such as Alteryx and Power BI.

Qualifications

• CPA required and active license.
• Experience with cash accounting, bank reconciliations, suspense or clearing accounts, and period-end close.
• Experience with lease, pension, payroll, fixed assets, intercompany, or financial reporting activities preferred.
• IFRS and Insurance Statutory accounting experience is a plus; ability to research and apply accounting guidance.
• Advanced proficiency in Excel; ability to analyze large account activity.
• Experience with Alteryx and Power BI preferred.

Responsibilities

• Own monthly, quarterly, and annual close activities; prepare journals, reconciliations, and supporting schedules.
• Coordinate bank reconciliations and cash activity validation; investigate timing differences.
• Monitor cash and payroll suspense; coordinate resolution with Treasury, Payroll, and other partners.
• Prepare reclassifications for payroll taxes and related balances; maintain supporting documentation.
• Perform lease and sublease accounting entries and reconciliations; support financial reporting.
• Prepare pension expense entries and related schedules; review actuarial information and footnotes.
• Handle fixed assets, intercompany items, and other reporting activities as assigned.
• Prepare and support statutory, tax, and other reporting deliverables with accuracy and timeliness.
• Maintain internal controls and support audits; identify process improvements using data analytics and technology.

Skills

Journal entries

Account reconciliations

Excel advanced

IFRS knowledge

Power BI

Alteryx

ERP/ reconciliation tools

Education

CPA

Tools

Oracle Fusion

SAP

BlackLine

Job description

The Senior Accountant – General Accounting is responsible for executing and coordinating accounting activities, including cash and bank reconciliations, suspense clearing, lease, pension, payroll, fixed asset, and other recurring close processes. The role prepares and reviews journal entries, reconciliations, supporting schedules, and reporting deliverables under IFRS and statutory accounting requirements. The Senior Accountant investigates complex reconciling items, partners with business owners and service providers, supports audits and disclosures, and helps strengthen controls and improve accounting processes.

Responsibilities

• Own assigned monthly, quarterly, and annual accounting close activities, including preparation of journal entries, account reconciliations, supporting schedules, and required sign-offs. Exercise judgment in researching differences, documenting conclusions, and escalating significant or unresolved matters.
• Perform and coordinate bank reconciliations for technical and non-technical accounts, including validation of cash activity, investigation of timing differences, and follow-up on missing or incomplete bank files. Support cash-to-zero and ZBA entries and ensure cash balances are accurate, supported, and explainable.
• Monitor cash and payroll suspense activity, research open items, and coordinate resolution with Treasury, Payroll, Technical Accounting, Reinsurance Accounting, and other business partners.
• Prepare reclassification and clearing entries for payroll tax, 401(k), deferred compensation, and other suspense balances, as applicable.
• Perform lease and sublease accounting activities, including monthly and quarterly entries, lease-related reclassifications, suspense and account reconciliations, and support for financial reporting. Coordinate with business owners to capture lease changes and maintain complete supporting documentation.
• Prepare quarterly pension expense entries, annual true-up entries, pension account rollforwards, reconciliations, and supporting schedules. Review actuarial information, analyze significant movements, and support statutory and IFRS footnotes and audit requests.
• Perform other accounting and reporting requirements for fixed assets, depreciation, non-admitted assets, equity rollforwards, intercompany items, Business Related Services, and other assigned recurring or ad hoc activities.
• Prepare and support ECON, statutory, tax, and other reporting deliverables, including schedules, footnotes, PBC requests, and management reporting support. Ensure deliverables are accurate, complete, timely, and traceable to the underlying accounting records.
• Maintain compliance with internal controls, including ORCS and MARSOX requirements; retain appropriate evidence and support internal and external audits. Identify process improvement opportunities (leveraging data analytics and technology solutions such as Alteryx and Power BI), update procedures, and provide guidance or review support to other team members as assigned.

Qualifications

• 4+ years of progressive accounting experience, including journal entries and account reconciliations
• CPA required
• Experience with cash accounting, bank reconciliations, suspense or clearing accounts, and period-end close preferred
• Experience with lease, pension, payroll, fixed asset, intercompany, or financial reporting activities preferred
• Insurance or financial services experience preferred
• Public accounting experience is a plus
• Experience with Oracle Fusion, SAP, BlackLine, or comparable ERP and reconciliation tools preferred
• IFRS and Insurance Statutory accounting experience a plus, ability to research and apply accounting guidance
• Advanced proficiency in Excel and ability to analyze large or complex account activity
• Experience with Alteryx and Power BI preferred

We are proud to offer our employees, their domestic partners, and their children, a wide range of 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).

In addition to the above insurance offerings, our employees also enjoy

• 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.