Munich Re US | Staff Accountant II

Roles & responsibilities

• The Staff Accountant II plays a critical role for the Accounting Team and is responsible for preparing daily, monthly, quarterly, and annual accounting entries and finalizing key financial reporting to Regulatory Authorities, the International Corporate Parent and Internal Management.
• This position is also responsible for State filings and correspondence, account reconciliations, and performing internal controls related to these activities.
• Eligibility to receive a yearly bonus as a Munich Re employee
• A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
• Applicants requiring employer sponsorship of a visa will not be considered for this position.
• Responsible for accurate and timely journal entries and analysis of key program business partners financial results by preparing and reviewing accounting entries.
• Assist in coordinating general accounting tasks to ensure adequate training, appropriate process documentation, and completion of work by scheduled deadlines.
• Prepare and/or analyze commission and contingent commission results and share the results with Sales and other stakeholders to ensure the plans are supporting the business objectives and incentives in place.
• Monitor, prepare and/or review more complex account reconciliations and gets involved in ad hoc analyses, accounting research and other accounting initiatives and projects as needed.
• Optimize efficiencies within the workflows and the reporting of financial results for Specialty Clients business
• Prepare and/or review the accrual entries that support the contingent commission monthly accruals within the financial reporting close timelines to finalize financial reporting to Regulatory Authorities, International Parent Company and Internal Management.
• Prepare and/or review the contingent and incentive commission payments and statements ensuring the calculations are supported by the contract terms and all data sets for the contractual calculations are validated from source systems.

Requirements

• Strong collaboration and communication of analysis within the Finance team and across departments is essential to ensure that the stakeholders stay abreast of the key developments that drive results.
• General Accounting knowledge and on the job experience with ledger transactions, reconciliations, and sub ledger functions across various transaction streams including cash, receivables, payables, premiums, and losses.
• Experience using Microsoft Excel including the use of macros, pivot tables, and other Excel advanced functions.
• Proficiency with all other Microsoft Office applications (Word, PowerPoint).
• Experience using data mining and reporting tools such as COGNOS Advance and Oracle Sequel or similar programs.
• Detail oriented, organizational skills and ability to prioritize and multi-task work.
• Strong team orientation, collaboration with co-workers and clients to develop and implement solutions.
• Excellent communication and presentation skills (written and oral).
• Agility and ability to work in ambiguous situations.
• Working knowledge of Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) and consolidation accounting.
• Basic working knowledge of Statutory Accounting Principles (STAT).
• Working knowledge of a General Ledger operating system and data retrieval/analysis tools i.e., Oracle and Cognos.
• Understanding of internal controls and risks and assists with implementation.
• Two or more years of accounting, internal audit, or financial statement audit experience.
• Public accounting, large corporate accounting/internal audit, property and casualty insurance, or MGA experience, preferred.
• CPA, CIA, CISA, CPCU, ARM, AIAF, progress toward a relevant designation, or technology-enabled audit or controls testing experience, 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