Job Description

Senior Corporate Accountant

Applicants must be authorized to work in the United States on a permanent basis without requiring employer sponsorship now or in the future.

At this time, we are unable to consider candidates who require current or future sponsorship, including Optional Practical Training (OPT) or Curricular Practical Training (CPT).

We are 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

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.

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

The Senior Corporate Accountant within the Corporate Reporting and Compliance department is responsible for the preparation, review and analysis of all Solvency II (SII) financial reporting for the Princeton insurance and non-insurance companies and summation of the SII GARC newsletter as part of Munich Re’s worldwide corporate close system, Pension accounting and reporting, and assistance with IFRS reporting. This position is responsible for leading ORCS for Financial Management and Reporting processes and controls; and MARSOX for the organization. This position is responsible for technical accounting research and documentation of the Princeton insurance and non-insurance entities.

Responsibilities:

• Adapt quickly to evolving Solvency II reporting requirements, financial data, systems, and workflows.
• Evaluate and resolve complex reporting issues accurately within tight deadlines.
• Analyze front-end accounting systems, transactional workflows, and their impact on the company’s financial statements.
• Drive efficient and effective improvements to financial reporting processes.
• Apply technical knowledge across multiple bases of accounting to support accurate and timely Solvency II reporting.
• Coordinate effectively with colleagues and senior management across the organization.
• Research, assess, and implement new accounting guidance in a timely and accurate manner.

Qualifications:

Successful candidates will possess the following skills/capabilities

• BS in Accounting
• 5+ years experience in reinsurance or insurance accounting, Solvency II financial statement preparation and reporting
• CPA or pursuing CPA certification
• 5+ years experience with SAP financial systems preferred.
• Knowledge of multiple bases of accounting (Solvency II and IFRS accounting guidance/principles) – ability to research accounting related issues and reach appropriate conclusions/resolution on such
• Position requires a self-motivated individual, able to work independently and bring complex issues to resolution.
• Ability to adapt to varied situations during periods of ambiguity, uncertainty, and change
• Ability to communicate in a clear and concise manner, both verbally and in writing to multiple levels within the organization
• Ability to work effectively with people at varying staff levels and management
• Ability to apply knowledge and expertise to wide ranging and complex problems
• Ability to work under very tight deadlines with extended hours
• Continually seeks to improve the accuracy and efficiency of the Solvency II and IFRS reporting processes
• Language: English required

The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company’s Princeton location. The base salary range anticipated for this position is $106,000 - $156,000 plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).  The salary estimate displayed represents the typical salary range for candidates hired in this position in Princeton, NJ. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

At Munich Re, we see Diversity, Equity 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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