Financial Analyst at Munich Re | CA | Rezi

Financial Analyst at Munich Re

Financial Analyst

Munich Re · CA

1 months ago

Financial Analyst

Munich Re · CA

a month ago
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About the Role

The Financial Analyst plays a key role in financial reporting, business analysis, and reinsurance accounting activities for Munich Re's North American entities, supporting the financial close process, management reporting, and process improvements through automation.

Responsibilities

  • Support the accounting and reporting of premiums, commissions, claims, and other reinsurance-related transactions.
  • Perform reconciliations, investigate variances, and help resolve financial reporting issues.
  • Prepare profit commission calculations and reporting to support client settlements.
  • Assist with maintaining accounting controls and supporting governance requirements.
  • Monitor financial and operational results, identify trends, and support process improvements.
  • Help develop and document accounting and reporting processes for new business and contracts.
  • Support internal and external audits and respond to information requests.
  • Prepare and analyze business performance reports for internal stakeholders.
  • Contribute to client profitability analysis and management reporting.
  • Support quarterly reporting processes, including premium estimates, claims estimates, and other client-related balances.
  • Assist with forecasting and reporting actual financial results.
  • Perform ad hoc financial analysis to support business initiatives and decision-making.
  • Collaborate with teams across Pricing, Claims, Actuarial, Reinsurance Operations, and IT.
  • Participate in user testing for financial system upgrades and enhancements.
  • Support automation initiatives that improve financial reporting and operational efficiency.
  • Assist with the implementation of new reporting and analytical tools.
  • Identify opportunities to streamline processes and enhance reporting capabilities.

Requirements

  • 3+ years of accounting, financial reporting, or financial analysis experience.
  • Currently pursuing CPA designation.
  • Advanced Excel skills with experience analyzing and reconciling financial data.
  • Strong proficiency in Microsoft Office applications.
  • Strong analytical, problem-solving, and organizational skills.
  • Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
  • Continuous improvement mindset with an interest in automation and process optimization.
  • Excellent communication and relationship-building skills with the ability to work effectively across teams.

Skills

  • Excel
  • Microsoft Office
  • Oracle
  • Power BI
  • SQL
  • PSQL

Location

  • Toronto

Work Type

  • Hybrid

Experience Level

  • 3+ years

Education Level

  • Bachelor's degree in Accounting, Finance, Commerce, Business, or a related field.

Salary/Compensations

  • $80,000 - $90,000 per year

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

About the Company

  • Together, we engage with everything we have and are, to help humankind act braver and better.
  • As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces 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.
  • If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.