Expense & Budget Analyst - Princeton, United States - Munich Re

Description

Expense & Budget Analyst

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.

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
This position is responsible for supporting and monitoring all aspects of the expense process and controls. Responsible for the quarter-end expense process and variance to budget analyses.

Assist in all facets of the expense and budgeting process:
expenses, allocations and staff budgets. This is an opportunity to support the corporate expense function while building relationships across a global organization.

Responsibilities:
Responsible for quarter-end expense closing process

through timely submission of actual, forecasts and required analyses. Assist in the verification that all related expenses have been captured for the quarter within the General Ledger. Prepare and run the expense allocation process and required data loads. Prepare all appropriate schedules. Maintain existing expense process documentation.
Responsible for the preparation of expense reporting

for all local and Munich Re reporting requirements.

This includes preparing the schedules for comparison to budget and prior year, as well as investigating and documenting variances that exceed the acceptable limits.

Investigation involves reviewing the Budget Conformance Reports, running queries in SAP and/or communicating with business staff.
Support the preparation, analysis and reporting of the annual expense and staff budgets.

Work with manager to provide assistance and guidance for the budgeting process to divisional specialists. Review expense requests and allocation changes for validation; review material variances with manager. Assist in preparation of annual plan exhibits.
Support expense analysis and special expense-related projects , as knowledge develops.

Qualifications:
Successful candidates will possess the following experience, skills, and capabilities:
Requires a bachelor's degree in Accounting, Finance or related field
4+ years experience in accounting or financial analysis, preferred
Knowledge and experience with expense process, financial process and business planning
Good systems background, including excellent knowledge of Excel, SAP a plus.
Strong organizational and time-management skills; Good communication skills

Disciplined and actionable:
Ability to effectively work in an environment with firm deliverables (requirements and timing)

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.

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