What are the responsibilities and job description for the Financial ERP Delivery Lead position at Munich RE?

Financial ERP Delivery Lead

Company

Munich Re America Services

Location

Princeton , United States

Hiring Manager : Mohan Balakrishnan

Salary Level : 10

Recruiter : Michael Agunga

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

MunichRe America Services (MRAS) IT Business Solutions delivers business value through the management of IT products including implementation of change projects in a disciplined, business focused, engaged and methodical way to Munich Re Global Specialty Insurance (GSI) organization.

The H ead of Sub section - Oracle Financial ERP Delivery Lead will be responsible for driving the transformation initiatives and implementing systems and processes for GSI finance transformation landscape, ensuring efficient planning, execution and management of the overall technical capabilities aligned with the business vision of the future state GSI Finance system operations and KPIs. This role will be setting up this practice for efficiently managing the GSI Finance system being implemented and day to day maintenance of the Applications and platforms. The role will report to the Head of Application Services of MRAS and be a key technology support partner to the Business Application owners. This role is responsible for providing governance oversight and execution accountability of Application deliver and maintenance Practice to ensure the policies and procedures are adhered in Project and Run teams to deliver cost effective and high quality products developed within GSI. Resource will be ensuring alignment with implementation of standardized operations measures across GSI Product development and delivery that follows our Munich Re standard solutions, aligned to risk and compliance requirements, to cover the financial and insurance operational capabilities of GSI.

This role will be part of a cross-functional agile team that is geographically distributed to deliver high-quality digital solutions across a broad range of innovation initiatives, while championing high quality and consistent delivery practices. The Oracle ERP Cloud Financial Lead will guide clients through project implementations of Oracle Cloud ERP Financials Applications, collaborate with teams, analyze systems, and support testing and go-live phases. Responsibilities include refining requirements, developing solutions, and leading post-production support.

The ideal candidate would be an upbeat professional who can thrive in an innovative tech environment and collaborate with clients to deliver a state-of-the-art solution. The individual will excel at delivering high quality service and cutting-edge technology solutions to our GSI business partners.

This position focuses on guiding and assisting clients through all phases of project implementations of Oracle Cloud ERP Financials Applications

Lead the end-to-end implementation of ERP systems, including planning, budgeting, and core financial modules. Oversee the configuration, customization, and integration of ERP modules specifically tailored to business requirements and best practices.
Implement data integration strategies to streamline data flows across finance systems and ensure seamless data exchange.
Ensure alignment with industry standards, compliance, and regulatory requirements throughout the implementation process.
Develop change management strategies and communication plans to facilitate user adoption of ERP systems.
Coordinate training sessions, workshops, and documentation to educate end-users on system functionalities, best practices, and troubleshooting
Demonstrated success in developing and executing an IT strategy that delivers both near term results, while simultaneously building for the future.
Lead, consult on and support process analysis, design / re-design of system enabled business processes and workflows, system integration, requirements gathering and process improvements
Oversee that product functionality and system performance meets business requirements without losing technical and architectural integrity
Strong understanding of financial systems, data structures, and financial / regulatory reporting requirements
Experience with Oracle ERP systems and financial reporting software
Knowledge of regulatory requirements and industry standards related to financial data management

Key Accountabilities

Align with Business Finance Operations : Partner and work closely with Finance Operations Leads ensure fit for purpose solution is designed and implemented.

Collaborate with Entity Level Leads : Collaborate with GSI entity leaders to fulfil the SLAs and System availability KPIs.

Establish and Execute on delivery model : Develop and implement processes aligned with Munich Re to support execution and delivery of the project, ensuring efficient resource allocation based on demand and capacity planning.

Define and Implement Test Strategies : Create and enforce comprehensive test strategies that cover all phases of testing including but not limited to Unit, SIT, UAT and Performance .

Resource Management : Coordinate with resource vendors to ensure timely availability and onboarding of right SMEs and skills needed for implementation.

Test Planning and Execution : Oversee the development of test plans, design of test cases, and execution of testing activities to ensure thorough coverage and high-quality outputs.

Agile Adoption : Adhere to agile principles and testing guidelines in project execution.

Risk and Issue Management : Establish a process for identifying, escalating, and resolving risks and issues related to project delivery. Ensure timely communication and resolution of problems.

Stakeholder Communication : Maintain clear and effective communication with all stakeholders regarding testing activities, progress, and outcomes.

Supplier Engagements : Manage relationships with internal and external suppliers to ensure quality and timely delivery of testing services.

Project Responsibilities :

Using in-depth knowledge of the Oracle Fusion ERP Financials Applications, as well as industry best practice expertise, consults with clients to provide cost effective solutions to client business scenarios.

Works collaboratively with project team and client employees to develop, test, and implement Oracle Fusion Finance Clouds solutions.

Work with key Service Integration vendor partner and drive the project to successful delivery.

Support refining customer requirements in detail, document and present to the client for approval as part of Agile delivery sign-off.

Identifies and applies creative and innovative approaches to resolving product implementation and integration obstacles and problems.

Analyze current systems and data to support any new requirements, recognizing the need for systems enhancements or modifications if necessary

Develop unit test scripts and coordinate with the client to perform the User Acceptance Testing of the system enhancements or custom solutions

Work with Oracle to resolve service requests

Lead and direct the following phases of system life cycle :

Gather business requirements through business process workshops,

Analysis, design, configure and development solutions for Oracle Financial applications,

Conference Room Pilots and User Acceptance Testing,

Go-Live preparation and cut-over support,

Post-production support

Requirements gathering : Collect and document business requirements and functional specifications

System configuration : Configure Oracle ERP modules based on client needs

Process analysis : Identify areas for improvement and recommend solutions

Customization : Design and develop customizations, reports, and integrations

Testing : Conduct system testing and user acceptance testing

Training : Provide training to business users on Oracle ERP modules

Troubleshooting : Troubleshoot and resolve issues with Oracle ERP modules

Documentation : Create and review test scenarios, scripts, and test plans

Communication : Communicate with Oracle to resolve customer support issues

Considerations :

Job will entail 50% travel

Candidates must provide legal work authorization (US Citizen, Green Card, and EAD)

No sponsorships available)

Qualifications :

Bachelor's degree in computer science or a relevant field

Experience working with Oracle Financials applications

Strong financial acumen and understanding of general ledger accounting

Proficiency in relevant financial software, including Excel, Office Suite, and Oracle

Experience Requirements :

Financial system IMPLEMENTATION EXPERIENCE and EDUCATION

3 years Oracle Fusion Finance ERP (SaaS) implementation

3-5 years of business analyst experience working with Finance Operations

Good knowledge of IT SDLC and application development and management

Experience developing IBNR, Earned & Unearned Premium, ULAE / ALAE, DAC, Premium Tax, Commissions, Ceded Pooling, Estimation Process, and Expense Allocation is a plus

Exposure to multi-GAAP reporting process such as US STAT, IFRS 17, Local Branch Reporting, Lloyds Reporting is a plus

Strong communication and influencing skills when working with a range of internal stakeholders

Ability to function as a member of a technology team, willing to contribute in any capacity required to achieve success

ORACLE FINANCIAL APPLICATION EXPERIENCE

General Ledger

Expense Management

Accounts Payable

Accounts Receivable

Fixed Assets

Cash and Expense Management

REPORT WRITER EXPERIENCE

Oracle BI Publisher

Oracle FRS

OTBI

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.

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