Finance Business Analyst Sr

Company
Munich Re America Services
Location
Princeton , United States

Finance Business Analyst Sr

 

We’re 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. 

 

Job Description:

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.

 

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.

 

The Opportunity

Future focused and always one step ahead

 

The Business Analyst Sr role is responsible for Providing financial analysis, e.g. of U.S. statutory and quarterly IFRS (legal and management) and reserving results. Support successful implementation of key US P&C projects (i.e. changing the legal entity setup to improve capital efficiency.)

 

Responsibilities:

• Analyze financial data, identify trends, and generate actionable insights that inform strategic decision-making by utilizing advanced analytical tools and techniques to
• Participate in cross-functional and cross-organizational project teams dedicated to driving strategic initiatives, focusing on analyzing the financial aspects of legal entity management,
• Build and maintain complex financial models to assess the impact of various scenarios and initiatives on the company's financial performance and capital position
• Communicate financial analyses, and projects outcomes like M&A recommendations, and capital optimization strategies to internal stakeholders and cross-functional teams
• Provide financial expertise and guidance to strategic initiatives project managers to ensure projects are strategically aligned
• Refine existing Power BI dashboards, collaborating closely with the data engineer of the strategic initiatives team and several stakeholders across to ensure uniformity of across dashboards, and align with the CFO’s reporting preferences
• Assist in the development of a user-friendly interface for Power BI dashboards, ensuring accessibility and ease of use for stakeholders
• Provide financial expertise to translate financial concepts into actionable insights within Power BI, tailoring data visualization and analysis accordingly and ensuring accuracy and relevance

 

Successful candidates will possess the following experience, skills, and capabilities:

• Bachelor's degree in Finance, Accounting, Economics, Business Administration or related field
• 5+ years relevant experience in accounting, reporting, reserving or a related field
• Knowledge of insurance and reinsurance products
• Proficiency in conducting financial analysis and interpreting complex financial data
• Demonstrated expertise in generating analytical insights and utilizing Power BI for financial reporting and decision-making support
• Certified Public Accountant or qualified actuary - Fellow of the Society of Actuaries (or similar designation from another actuarial association) a plus
• Comprehensive knowledge of finance and/or actuarial concepts, at practical and strategic levels
• Familiarity with U.S. Statutory accounting and reporting standards are a plus
• Demonstrated project management experience preferred; open to candidates who demonstrate willingness to learn and develop project management skills.
• Strong communication skills, with the ability of relaying complex financial and technical concepts to stakeholders with diverse backgrounds and viewpoints
• Strong collaboration and stakeholder management skills, across all levels of management, with ability to influence and challenge decisions and processes as appropriate.

 

This role can be located in our Princeton, NJ or NYC, NY offices. The salary range posted below applies to the Company’s NYC location only.  The base salary range anticipated for this position in New York  is $ 110,500 - $162,000 plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

 

At Munich Re, we see Diversity, Equity 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.