Sr Planning Manager

Munich Re Careers•Princeton, NJ

19h•$170,000 - $270,000•Onsite

About The Position

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. 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.

Requirements

Bachelor degree in Accounting, Finance, Business or Mathematics; CPA or MBA designations preferred but not required
10+ years accounting or finance experience preferred.
Knowledge and experience with financial planning and business planning, as well as quarterly forecasting of financial results
Familiarity with U.S. Statutory and IFRS accounting principles; Working knowledge of ECON, Global Template, TM1 (preferred)
Previous experience working with reinsurance and insurance entities
Excellent financial analysis skills; High proficiency with Microsoft Office applications (Excel, Access, Word, & PowerPoint) required
Proven ability to understand and prioritize requirements, and deliver on time
Excellent written and verbal communication skills, with the experience, confidence and credibility to work and collaborate with others
Strong team orientation, collaborating with co-workers to develop and implement solutions

Nice To Haves

CPA or MBA designations preferred but not required
Working knowledge of ECON, Global Template, TM1 (preferred)

Responsibilities

Prepare the legal entity plan and forecast requirements for MRAC and MAHC, income statement and balance sheets. This includes: Annual Plan development, US and Munich reporting requirements for the multi-year plan; Quarterly financial forecast; Validate and analyze plan and forecast submissions, identify errors and inconsistencies, and resolve issues with the respective financial and/or business contacts; Multiple accounting basis: IFRS and U.S. STAT; Become familiar with the required data management across multiple systems, including GT, ECON, FSRI, GPS and TM1. 20 entities in total
Perform variance analysis and provide insight of key drivers related to legal entity financial plan and forecast results. Communicate findings and recommendations to Sr Management.
Prepare management reports and analysis, including quarterly and annual reporting to meet local US and Munich Re requirements. These reports include quarterly management reporting, the quarterly forecast book, capital and dividend planning, capital modelling, and ad-hoc data analyses and requests.
Partner with other team members to develop a basic understanding of the Management View plan and quarterly results requirements. Understand the similarities and differences of management view vs legal view.
Partner and communicate effectively with all levels of staff and senior management, within FMR, the business units, and Munich.
Ad hoc projects to include onboarding of new entities through acquisitions, projects from senior management, etc.