Senior Accountant, Financial Reporting

Position Overview

The Senior Accountant, Financial Reporting, supports the Financial Reporting Manager in completing NAIC/US Statutory and Solvency II close activities and filings. This role also oversees the administration and control of key Finance systems, including the SAP Global Template and Blackline. Additionally, the Senior Accountant will drive process improvements by automating manual tasks and maintaining essential reports used in the quarterly close and filing processes.

Your Role:

NAIC (US Statutory) Reporting

• Prepare the quarterly statutory filing for our regulator, including cash flow statement
• Prepare the Annual Statement and supplemental filings
• Prepare the audited financial statements
• Maintain automated reports that generate key Annual Statement schedules from the ledger
• Comply with internal control activities associated with the NAIC reporting process

Solvency II Reporting

• Create the quarterly Solvency II reporting calendar and request list
• Monitor key Solvency II activity and deliverable deadlines
• Validate key components of the Solvency II Economic Balance Sheet (EBS)
• Analyze quarter-over-quarter movement in the EBS
• Prepare the quarterly IFRS to Solvency II reconciliation
• Collaborate with corporate actuarial and risk management teams to prepare/validate key inputs to the EBS
• Prepare the annual cash results template comparing actual vs. expected
• Comply with internal control activities associated with the Solvency II reporting process

Financial Reporting Systems & Reports

• Automate manual processes
• Collaborate with business partners to develop automated reporting solutions for NAIC and Solvency II reporting
• Perform system administrator & SME functions for SAP GL & Blackline
• Troubleshoot SAP & Blackline issues
• Maintain general ledger functions including open & close periods, user access setup and termination, account and line of business hierarchies
• Perform quarterly report and hierarchy maintenance of key reports utilized by Finance in the close process
• Run, validate and distribute certain reports to the Parent Company, Finance department or other stakeholders
• Comply with internal control activities associated with the Finance systems and reports function

Your Profile:

• Bachelor's Degree in Accounting, Finance or Business
• 3-5 years of accounting experience in insurance or financial services
• Public accounting experience is a plus
• Experience with financial systems (SAP, Blackline, etc.) is preferred
• Comfort using and administering accounting systems
• SQL automation a plus
• Proficiency in Excel
• IFRS and Insurance Statutory accounting experience a plus
• Ability to handle multiple projects simultaneously by prioritizing tasks
• Excellent communication, organizational and time management skills
• Effectively work in a team environment and on an individual basis
• High degree of attention to detail
• Continuous improvement mindset

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.

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.