AVP, Budget and Cost Management
About The Position
Hannover Life Reassurance Company of America (Hannover Re) is seeking a talented candidate for the AVP, Budget and Cost Management position. This is a Full-Time role within the CSS - CEO department. The role serves as the head of the Budget and Cost Management department, responsible for hiring, retaining, and developing talent. The position plans and develops the management expense budgeting program for the HLRA Family of companies. It also oversees intercompany billings, reimbursements, reconciliations, and collects monies due for non-technical business services, project work, and third-party costs. Additionally, the role facilitates intercompany billings received by HLR US from Hannover Rück SE, prepares various financial reports and schedules, and gathers supporting documentation for the annual transfer pricing review.
Requirements
- Bachelor’s of Science Degree in Accounting or Finance
- Minimum of five years of overall experience in general budgeting and accounting
- Minimum of three years of staff management
- MS Excel proficient including exporting, importing, complex linking, v-lookups and pivot tables
- Effective communication and presentation skills
Nice To Haves
- CPA and/or MBA designation or equivalent
- Experience in utilizing the following software: Abacus (budgeting), PeopleSoft (accounts payable and general ledger) and Concur (online travel and expense reporting)
- General understanding of STAT and IFRS accounting
- Prior insurance industry experience
Responsibilities
- Coordinates and prepares HLRA Family’s annual management expense budgets and quarterly forecasts.
- Prepares various budget and cost controlling reports along with analytical commentary.
- Develops, maintains, and updates the management planning process and procedures while identifying opportunities for cost and labor savings.
- Oversees intercompany billings and reimbursement reconciliations for non-technical business services, project work, and third-party costs.
- Sends reminder invoices and makes collection requests for any non-technical intercompany amounts owed to HLR US or HLRA Bermuda.
- Facilitates intercompany billings issued by the FA-Corporate Accounting (FA-CCA) office for services rendered by the Home Office to HLR US.
- Prepares various schedules and reports such as quarterly management expense reports for actuals and forecasts, management expenses 5 year plan, payments to foreign affiliates, and board book schedules and narratives.
- Provides supporting documentation for the annual transfer pricing review.
- Administers the company’s budgeting software system, including setting up and maintaining users, entities, projects, and account structures.
- Provides access rights and training to system users.
- Creates and designs various management expenses reports for system users.
- Partners with IT to identify, develop, implement, and test budgeting system enhancements and improvements.
Benefits
- Comprehensive medical, dental, and vision
- Paid Time Off (PTO)
- Company provided life insurance and disability benefits
- 401(k) and profit sharing
- Additional ancillary benefits available
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Manager
