Claims Governance Manager

Applicants requiring employer sponsorship of a visa now or in the future will not be considered for this position.

About the Company

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.

About the Role

Responsible for supporting Munich Re America Services investment accounting function, including the preparation or review of balancing schedules, Munich Re required schedules, financial statement footnotes and disclosures, as well as management, regulatory, and rating agency investment reporting. These activities encompass one to three accounting bases and involve complex and, at times, time-sensitive tasks. The position also includes working on investment accounting-related projects and collaborating with the third-party accounting agent supporting the investment accounting process.

Responsibilities

• Timely analysis, reconciliation, and balancing of the monthly service provider investment interface package, as well as completion and review of data tied to the global investment database within prescribed deadlines.
• Compile and reconcile investment interface information, identify and resolve reconciling items, and communicate significant issues to various parties, including the Munich Re global investment database Data Management Team, the third-party accounting agent, Munich Re America's asset manager, and management personnel.
• Prepare monthly and quarterly variance analysis and review plausibility checks associated with affiliated investment interface files.
• Assist the Investment Accounting Lead & Manager on various projects, ensuring monthly, quarterly, and annual investment financial filings and reports (including financial statement footnotes) are correct and in accordance with regulatory, management, and inter-departmental guidelines.
• Review and maintain supporting documentation for internal and external audits, GAAP/STAT/IFRS statements, and monthly investment interface deliverables.

Qualifications

• Bachelor’s degree in accounting, finance, or equivalent experience.
• CPA and/or MBA credentials.
• 4+ years of professional experience in the insurance sector, with a strong background in investment accounting, financial reporting, or auditing.
• Strong analytical skills, with the ability to articulate ideas clearly in written and verbal form.
• Strong time management skills and the ability to adhere to strict deadlines.
• Ability to think critically, analyze, prioritize, take initiative, and problem-solve under pressure.
• Strong knowledge of US statutory and GAAP accounting principles; working understanding of IFRS accounting guidance is highly preferred.
• Proficiency in Excel and experience with financial systems or investment software such as PAM, Aladdin, Clearwater, or CAMRA.
• Strong team orientation, collaborating with co-workers to develop and implement solutions.

Location

The company is open to considering candidates in Princeton, NJ.

Pay

The base salary range for this position is $106,000 - $155,000 plus opportunity for a company bonus based upon a percentage of eligible pay. Most candidates will start in the bottom half of the range. Factors that may determine your actual salary include specific skills, years of experience, and comparison to other employees already in this role.

Benefits

• Health insurance coverage.
• Employee wellness program.
• Life and disability insurance.
• 401k match and retirement savings plan.
• Paid holidays and paid time off (PTO).