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Assistant Controller

Location Princeton, United States Job type Full-Time Work mode Hybrid Job level Management & Leadership Job ID 12570 Company Munich Re America Services Employment type Regular Area of expertise Finance, Accounting & Controlling
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Assistant Controller

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

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

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

Future focused and always one step ahead!

Reporting to the Controller, this position has a supervisory role in preparation, review and controls over the accounting and reporting for all subsidiary companies. This role is responsible for leading strategic initiatives and be responsible to expand and strengthen the accounting and reporting infrastructure. Support the CFO and Controller with new business opportunities, transaction initiatives and  special projects (e.g. M&A, efficiency projects) and other regional projects, as required. Act as Deputy to the Controller, as required.

Responsibilities           

  • Ensure establishment and maintenance of adequate controls and accounting policies supporting the financial reporting processes.
  • Monitor quarterly/annual close process to ensure accurate and timely completion of all financial reporting deliverables and resolution of any issues/problems.
  • Review/understand key drivers of financial results, including any financial analysis supporting the reporting process, assist with preparation and review of Board and Other Committee presentations and coordinate communication with key stakeholders.
  • Review for accuracy of all interim (quarter ending) and annual financial statements.  The statements must be accurate and filed timely with all appropriate parties. 
  • responsible for understanding and preparing proper treatment of the company’s investment portfolio.
  • Coordinate external financial audits and any regulatory examinations and serve as point person for the external auditors and regulators

Qualifications

Successful candidates will possess the following skills/capabilities:       

  • Accounting degree required.
  • Certified Public Accountant or MBA (required).
  • Big “4” Accounting Experience preferred.
  • Twelve plus years of experience in insurance and reinsurance accounting.
  • Strong financial analysis skills.
  • Superior knowledge of statutory accounting principles, generally accepted accounting principles, and international accounting/financial reporting standards.
  • Strong leadership and communication skills and deep knowledge about the financial aspects of the industry
  • Strong project management skills and the ability to manage multiple projects at once. Preferably someone who has worked on process reengineering /improvements initiatives, including implementing new systems, process and controls
  • Ability to solve problems and multi-task effectively.
  • Demonstrated ability to identify errors, problems and opportunities.
  • Proven ability to meet daily and monthly deliverables.
  • Independent thinker
  • Excellent communication skills (written and oral) and teamwork skills
  • Excellent management skills and people skills (ability to deal with numerous providers of information, complex situations, various levels of the organization).
  • Ability to influence key stakeholders

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 $237,000- $347,000plus 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.

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 5% employer match
  • A retirement savings plan that is 100% company funded.
  • 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.
  • 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, 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.

#LI-JR1

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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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