Manager Financial Reporting and Analysis

Munich Re Careers•Toronto, ON

1d•CA$122,000 - CA$159,000•Hybrid

About The Position

This role works closely with the AVP to assist with quarterly expense close, Budget/Plan and Forecast processes. The position supports ongoing and future ad-hoc projects, such as the One GT, while working closely with various stakeholders within and outside the finance team. The role prepares various working papers for the completion of MLMC’s financial statements and provides supporting information to auditors, tax and other stakeholders. The position also maintains working papers, prepares reconciliations and processes journal entries on an ongoing and needed basis.

Requirements

Qualified CPA with a focus on accounting is required.
5+ years related experience in financial reporting and analysis preferably in the insurance industry.
Experience with SAP GL, AP, CO and Cash Management modules.
Advanced skills in Excel, PowerPoint, Word and SAP Business Warehouse (BW) Reports.
Ability to present financial information in a concise and clear manner.
Excellent analytical and problem-solving skills.
Superior attention to detail and accuracy.
Ability to manage multiple priorities and meet deadlines.
High degree of flexibility to adapt to changing priorities and demands.
Strong communication and interpersonal skills and the ability to work in a team environment.
Superior time management, communication and organizational skills.
Ability to make continuous improvements to processes with an emphasis on automation.

Nice To Haves

Experience with analytical tools such as Power BI would be as asset.

Responsibilities

Assists in review of MLMC and Pension funds financial statements (including notes and analysis) for quarterly, year-end reporting and annual audits.
Oversee the quarterly close process ensuring completeness and integrity of financial records, and accuracy and timeliness of reporting.
Assists in group reporting on a quarterly basis which includes preparation of data files, and analyzing key variances, reviewing dashboards, and aligning with finance leadership before providing narratives to head office.
Supports implementation of new processes as needed, including changes relating to accounting standards and policies.
Assists with the preparation of the annual expense plan in coordination with department representatives for final submission to Head Office for approval.
Analyzes quarterly expenses by cost centers and cost elements, including comparison of approved current year plan, current / previous forecasts, and previous year actuals to identify variances and prepare quarterly report explaining the key expense variance analysis.
Develops PBI dashboards, prepares narratives and facilitates forecast discussions with senior leadership team to align on full year expense outlook.
Monitors the entries in the GL for alignment with the SAP Cost Module (CO) structure and for compliance with Munich Re Group’s accounting guidelines.
Coordinates intercompany consolidation reporting requirements, analyzes and reconciles intercompany accounts including intercompany quarterly billing in a timely manner.
Independently compiles inter-departmental reports capturing relevant quarterly data related to expenses.
Reviews various industry surveys and reports related to Stats Canada, CLHIA, OSFI, etc.
Supports the implementation of ERP systems such as SAP One GT by working closely with the AVP and Sr. Accountant.
Provides decision-making support with strategic initiatives (e.g., GFL, 3PD, Longevity, etc.).
Develops and maintains relationships with external and internal stakeholders, provides excellent customer service, and promptly responds to inquiries/requests with accuracy.
Updates and maintains accounting documentation current including adhering to company retention policy.

Benefits

An engaging and collaborative environment that promotes continuous learning and development
A hybrid work environment that combines weekly in-office and remote days
A great compensation package including annual company bonus
Market leading company-paid flexible health and dental benefits, starting on your first day
Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
Immediate participation in DC Pension Plan with an automatic employer contribution, plus optional company match
Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
Maternity, Parental & Adoption Leave top-up program
Employee Referral Program, Recognition & Rewards Platform