What are the responsibilities and job description for the Corporate Accounting & Financial Systems Analyst position at Munich Re?
Company
Munich Re America Services
Location
Princeton , United States
Corp Acct & Financial Systems Analyst
We’re 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
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
This position will support the general ledger functions and those responsibilities associated with balancing, analysis, reporting and review, through oversight, coordination with other departments and decision-making. This position’s focus will entail maintaining the integrity of key financial statement data as well as bringing greater efficiency to the process by analyzing general ledger accounts and related data as well as utilizing the general ledger reconciliation process to develop financial analysis under all three accounting bases (IFRS, US GAAP, STAT). Key aspects of this position’s responsibilities include: (i) ensuring the SAP Global Template general ledger process’ data is accurate and meets all related deliverables, (ii) overseeing, analyzing and auditing the general ledger reconciliation process including fully understanding out-of-balance conditions, (iii) evaluating current processes to identify areas for improvement, (iv) documenting and communicating processes / best practices to departments across the organization, and (v) ensuring the team delivers quality support to our internal customers.
Responsibilities:
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Munich Re America Services
Location
Princeton , United States
Corp Acct & Financial Systems Analyst
We’re 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
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
This position will support the general ledger functions and those responsibilities associated with balancing, analysis, reporting and review, through oversight, coordination with other departments and decision-making. This position’s focus will entail maintaining the integrity of key financial statement data as well as bringing greater efficiency to the process by analyzing general ledger accounts and related data as well as utilizing the general ledger reconciliation process to develop financial analysis under all three accounting bases (IFRS, US GAAP, STAT). Key aspects of this position’s responsibilities include: (i) ensuring the SAP Global Template general ledger process’ data is accurate and meets all related deliverables, (ii) overseeing, analyzing and auditing the general ledger reconciliation process including fully understanding out-of-balance conditions, (iii) evaluating current processes to identify areas for improvement, (iv) documenting and communicating processes / best practices to departments across the organization, and (v) ensuring the team delivers quality support to our internal customers.
Responsibilities:
- Analyze, research and resolve system defects involving the General Ledger under all three accounting bases. This entails understanding complex system landscapes, as well as interacting with various departments in resolving associated questions or issues.
- Support the SAP Global Template general ledger processes; which includes post journal entries, review suspense/clearing accounts, monitor subledger interfaces and analyze assigned general ledger account variances.
- Prepare and perform variance analysis and account reconciliations on assigned financial statement categories.
- Review existing processes to identify potential improvements and/or automation to assist in meeting deadlines for financial reporting.
- Assist in creating reports, procedures and queries to respond to user requests.
- Prepare, update and maintain user guides and provide system training to applicable departments.
- Support special projects when assigned.
- B.S. in Accounting. Minor / Masters in business management or business information systems a plus.
- CPA a plus.
- Strong communication and analytical skills.
- Ability to work independently and bring complex issues to resolution.
- Ability to work under very tight deadlines.
- Continually seeks to improve the accuracy and efficiency of the reporting process.
- An understanding of multiple basis of accounting - Statutory, US GAAP, and IFRS.
- Advanced knowledge of Excel.
- Strong attention to detail and multi-tasking skills.
- General ledger and/or SAP system experience preferred.
- Knowledge of IBM Cognos TM1 and Power BI a plus.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.