About the Role
This role supports the AVP in financial close, budgeting, forecasting, and ad-hoc projects, working with various stakeholders to ensure the accuracy and integrity of financial statements and reporting.
Responsibilities
- Assist with quarterly expense close, Budget/Plan and Forecast processes.
- Support ongoing and future ad-hoc projects.
- Prepare working papers for financial statements and provide supporting information to auditors, tax, and other stakeholders.
- Maintain working papers, prepare reconciliations, and process journal entries.
- Assist in the review of 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.
- Assist in group reporting on a quarterly basis, including data file preparation, variance analysis, dashboard review, and narrative alignment with head office.
- Support the implementation of new processes, including changes to accounting standards and policies.
- Assist with the preparation of the annual expense plan in coordination with department representatives.
- Analyze quarterly expenses by cost centers and cost elements, comparing against plan, forecasts, and previous year actuals to identify variances and prepare reports.
- Develop PBI dashboards, prepare narratives, and facilitate forecast discussions with the senior leadership team.
- Monitor GL entries for alignment with the SAP Cost Module (CO) structure and compliance with Munich Re Group’s accounting guidelines.
- Coordinate intercompany consolidation reporting requirements, analyze and reconcile intercompany accounts, including intercompany quarterly billing.
- Compile inter-departmental reports capturing relevant quarterly data related to expenses.
- Review various industry surveys and reports related to Stats Canada, CLHIA, OSFI, etc.
- Support the implementation of ERP systems such as SAP One GT.
- Provide decision-making support with strategic initiatives.
- Develop and maintain relationships with external and internal stakeholders, providing excellent customer service and prompt responses to inquiries.
- Update and maintain accounting documentation, adhering to company retention policy.
Requirements
- Demonstrate a natural desire to provide exceptional client service through energy, enthusiasm, and initiative.
- 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.
- Experience with analytical tools such as Power BI would be an asset.
- 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.
Skills
- Financial Reporting
- Financial Analysis
- Budgeting
- Forecasting
- SAP GL
- SAP AP
- SAP CO
- SAP Cash Management
- Excel
- PowerPoint
- Word
- SAP Business Warehouse (BW)
- Power BI
- Analytical Tools
- Problem-Solving
- Attention to Detail
- Time Management
- Communication
- Interpersonal Skills
- Organizational Skills
- Automation
Location
- Toronto
Work Type
- Hybrid
Experience Level
- 5+ years
Education Level
- Qualified CPA
Salary/Compensations
- $122,000 - $159,000 per year
Benefits
- Engaging and collaborative environment that promotes continuous learning and development
- Hybrid work environment
- 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
About the Company
- Munich Re is the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe.
- We introduce a paradigm shift in the way you think about insurance.
- By turning uncertainty into manageable risk, we enable fundamental change.
- We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.
- We dare to think big and are continuously innovating on behalf of our clients.
- Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.
- We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.
Equal Opportunity
- Munich Re is committed to providing a work environment that is inclusive and free of employment barriers and discrimination.
- Accommodations will be made for qualified applicants with a disability throughout the recruitment process.
