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Manager Financial Accounting

Location New York, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 10259 Company Munich Re Life US Employment type Regular Area of expertise Finance, Accounting & Controlling
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Position Overview

The Financial Accounting Manager will be responsible for managing accounting, reporting and plan/forecast of the entire investment portfolio, in collaboration with internal and external service providers and the Investment Officer. In addition, the Manager will be accountable for accounting and reporting of other non-insurance areas, such as pension, lease and intercompany.

Your Role:

  • Manage and oversee accounting and reporting (IFRS and STAT) and plan/forecast of the entire investment portfolio (fixed income and equities)
  • Serve as a primary liaison with MRAS Investment Accounting (internal Investments Shared Service Center) and BlackRock (external investment accounting service provider)
  • Own the management oversight function of the Investments Shared Service Center
  • Review and approve reconciliations, impairment analysis, fluctuation analyses, investment schedules, footnote disclosures and other key analyses/documents prepared by the Investments Shared Service Center
  • Liaise with the Investment Officer on executive reporting matters including the quarterly dashboard reporting and other relevant Investment Committee deliverables
  • Oversee all aspects of cash accounting, including processing and reconciliations of all insurance (technical) and non-insurance (non-technical) cash and suspense accounts
  • Review and approve journal entries, reconciliations and disclosures for other non-insurance areas, such as pension, lease and intercompany
  • Assist with accounting research and resolution on complex and new investment structures as required
  • Support function on all Investment Officer strategic projects, including restructuring of portfolios and alternative investment strategies
  • Oversee the calculation and bookings of AVR and IMR
  • Assist in various ad-hoc projects and requests
  • Assist in both internal and external audit requests
  • Ensure adherence to internal control compliance (ORCS and MARSOX)

Your Profile:  

  • Bachelor’s Degree in Accounting, Finance or Business
  • CPA designation
  • 6+ years of progressive accounting experience, with 3+ years of public accounting experience preferred
  • Investment accounting experience required
  • Preferred experience:
    • Insurance and/or financial services 
    • IFRS and Insurance Statutory accounting 
    • Pension, lease and intercompany accounting
    • SAP system
  • Excellent communication, organizational and time management skills
  • Effectively works in a team environment and on an individual basis
  • Experience as a people manager with a proven record of successful leading, directing and coaching
  • High degree of attention to detail
  • Continuous improvement mindset
  • Ability to handle multiple projects simultaneously by prioritizing tasks
  • Strong critical thinking skills and problem solving capabilities

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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