Munich Re US | Senior Accountant, General Accounting

Responsibilities

• 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.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• Own assigned monthly, quarterly, and annual accounting close activities, including preparation of journal entries, account reconciliations, supporting schedules, and required sign-offs.
• 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.
• 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.
• Prepare reclassification and clearing entries for payroll tax, 401(k), deferred compensation, and other suspense balances, as applicable.

Qualifications

• 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.

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