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Accounting Policy Manager

Location New York, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 9984 Company Munich Re Life US Employment type Regular Area of expertise Finance, Accounting & Controlling
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Position Overview

The Manager of Accounting Policy will be a subject matter expert on IFRS and statutory accounting standards relevant to the reinsurance industry.  This role is responsible for developing, maintaining, and interpreting accounting policies, providing guidance on complex transactions, monitoring new accounting standards, and supporting the implementation of regulatory changes.  The role requires strong technical accounting skills, a deep understanding of reinsurance operations, and the ability to communicate effectively across all finance, actuarial, and executive teams.

Your Role:

  • Assist with development and maintenance of accounting policies across the organization (covering all accounting bases).
  • Monitor emerging accounting and financial reporting developments from the NAIC, ACLI, and IASB and communicate new guidance and potential impacts to upper management.
  • Assist with documentation of accounting memos and analysis regarding large non-routine reinsurance or investment deals and impacts to statutory, IFRS, and local Bermuda reporting (if applicable)
  • Collaborate with actuarial, legal, finance, and auditors to assess the accounting impacts of new reinsurance and investment transactions and business initiatives.
  • Partner with the VP of Tax to document tax implications for certain non-routine transactions.
  • Prepare training materials and conduct policy training sessions for finance staff.

Your Profile:  

  • Bachelor’s Degree in Accounting, Finance or Business
  • CPA designation
  • 5+ years of accounting policy experience, preferably in insurance/reinsurance industry
  • Proficiency in IFRS and insurance statutory accounting required
  • Excellent communication, organizational, and time management skills
  • Strong critical thinking skills and problem solving skills
  • Effective working in a collaborative team environment
  • Continuous improvement mindset

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.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.  We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

For New York City based employees, the base salary range anticipated for this position is $139,620 to $161,665, 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.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

  • 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

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

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.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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