We are seeking a highly motivated and experienced finance professional to join an international project team on an exciting finance transformation project within Global Specialty Insurance (GSI). As part of the project team, you will play a pivotal role in driving the future of GSI financial reporting, working closely with the CFOs and their respective teams to build a finance reporting structure that is agile, scalable, and adaptable to changing regulatory environments. This team will drive the design and implementation of new processes, systems, and tools, leveraging technology and innovation to enhance efficiency, accuracy, and transparency of GSI results.
The ideal candidate will possess the ability to work with multiple finance teams across US, Canada, and Europe to synthesize complex issues into simple workstreams. A successful candidate will demonstrate their ability to work autonomously, organizing one's work toward successful completion of clearly defined milestones they will have contributed to identify and syndicate. The combination of both strong communication skills, data management experience and technical competency in insurance accounting, data analytics, process improvements and optimization techniques is required for the role.
The role will report into a member of the GSI Finance Transformation Team led by Angela Homm and will interact daily with the finance leadership teams across GSI and Munich Re.
This is a full-time project role with a minimum commitment of 24 months; travel up to 25%.
The location is flexible.
Responsibilities include:
Lead the financial accounting and insurance calculation aspects of the Oracle Cloud implementation, ensuring all modules are integrated seamlessly and function as intended.
2. Partner with the System Implementation team to align technical solutions with business requirements, providing insights and guidance on financial processes, and oversee the design and implementation of these solutions.
3. Oversee and facilitate design sessions with a diverse group of stakeholders and ensure that all stakeholders are aligned and informed throughout the implementation process.
4. Serve as a subject matter expert on Oracle Cloud modules, including Fusion ERP, Fusion Accounting Hub (FAH), Insurance Bundle Calculator, and Oracle Financial Services Analytical Applications (OFS AFCS).
5. Develop and maintain detailed documentation of financial processes, system configurations, and implementation steps to ensure clarity and continuity, and ensure that all documentation is up-to-date and accurate.
Qualifications include:
Essential:
•Bachelor's degree: In a related field such as Finance, Accounting, Actuarial Science, or Business Administration.
•Minimum 8-10 years of experience: In a related field, with at least 3-5 years of experience in a financial planning, accounting, or financial analysis role in the insurance industry.
•Insurance accounting knowledge: Knowledge of insurance accounting principles, including IFRS17, US Statutory, UK Statutory, and GAAP.
•Financial reporting and analysis: Experience with financial reporting and analysis, including financial statement preparation, financial planning, and financial performance analysis.
•Data analysis and interpretation: Ability to collect, analyze, and interpret large datasets to inform business decisions.
•Excellent communication and interpersonal skills: Ability to effectively communicate with stakeholders, including business users, IT teams, and external partners.
•Strong analytical and problem-solving skills: Ability to analyze complex financial data issues and develop creative solutions.
Desirable:
•Master's degree: In a related field, such as Finance, Accounting, or Actuarial Science.
•Certifications: Certifications like Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Certified Financial Manager (CFM) are beneficial.
•Oracle Cloud ERP certifications: Certifications like Oracle Cloud ERP Financials Cloud Certified Implementation Specialist or Oracle Cloud ERP Procurement Cloud Certified Implementation Specialist are beneficial.
•Insurance industry certifications: Certifications like Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), or Fellow of the Society of Actuaries (FSA) are beneficial.
•Cloud-based ERP experience: Experience with cloud-based ERP platforms, including Oracle Cloud, SAP Cloud, or Workday, and familiarity with cloud-based ERP services, such as financial planning, accounting, and procurement.
•Data visualization tools: Proficiency in data visualization tools, such as Tableau, Power BI, or D3.js, and experience with creating interactive dashboards and reports.
•Programming languages: Familiarity with programming languages, such as SQL, Python, or R, and experience with data manipulation and analysis libraries.
•Agile methodologies: Experience with Agile project management methodologies, such as Scrum or Kanban, and familiarity with iterative and incremental development approaches.
•Insurance accounting specific: IFRS17 knowledge: Knowledge of IFRS17, including the standard's requirements for insurance contracts, revenue recognition, and financial reporting.
•US Statutory knowledge: Knowledge of US Statutory accounting principles, including the National Association of Insurance Commissioners (NAIC) requirements
•UK Statutory knowledge: Knowledge of UK Statutory accounting principles, including the Prudential Regulation Authority (PRA) requirements and the Financial Conduct Authority (FCA) requirements.
•GAAP knowledge: Knowledge of Generally Accepted Accounting Principles (GAAP), including the Financial Accounting Standards Board (FASB) requirements and the International Accounting Standards Board (IASB) requirements.
•Insurance accounting systems: Experience with insurance accounting systems, including policy administration systems, claims management systems, and reinsurance systems.
•Data modeling: Familiarity with data modeling concepts, including entity-relationship diagrams, data flow diagrams, and data mapping.
•Data governance: Experience with data governance, including data ownership, data stewardship, and data quality management.
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.
