Munich Re US | Senior Accountant, Financial Reporting

Responsibilities

• 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.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• 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.
• 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.
• 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.
• 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.

Qualifications

• 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.
• Experience with Alteryx and Power BI preferred.
• Advanced proficiency in Excel

Munich Re US

Munich Re US is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions."

Its finance, accounts, audit and tax openings in India are mostly in New York, Princeton, Amelia and Palo Alto.

• Industry: BFSI / Investments / Insurance