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Munich Re · 2 days ago

Financial Planning Analyst Senior

Princeton, NJ

Full-time

Onsite

Mid, Senior Level

$104K/yr - $152K/yr

7+ years exp

Munich Re Specialty - North America is a leading specialty insurance provider committed to delivering exceptional underwriting, claims, and risk management expertise. The Financial Planning Analyst Senior will manage financial management activities, develop financial plans, analyze results, and provide insights to support business unit executives.

FinanceInsuranceInsurTechRisk Management

Comp. & Benefits

H1B Sponsor Likely

Hiring Manager

JoanAnn Rafferty

Responsibilities

Drive the development of three-year financial plans for MRSNA

Lead effort to develop financial plans for assigned units. Work closely with business unit executives to project portfolio results and quantify impact of planned initiatives

Coordinate with actuarial and/or underwriting resources in the establishment of appropriate by-line expected loss ratios (ELRs). Coordinate with MRSI Financial Analyst and Financial Management and Reporting (FMR) - Planning and Controlling to ensure expenses are properly reflected in plans

Prepare reports and analysis to assist leadership, Head of Financial Management and FMR - Planning and Controlling with the preparation of consolidated plan results and documents. Ensure timely delivery of plan data, consistent with local and Munich technical requirements

Develop quarterly forecast of financial results for assigned units consistent with the quarterly closing process

Prepare and present analysis of variance drivers to MRSNA Finance Head, FMR management and Reinsurance Controlling

Support MRSNA Finance Head in developing composite view of MRSNA quarterly results and underlying drivers

Provide the business unit heads and MRSNA leadership team with reports, analysis and advice on all financial issues with a focus on those related to underwriting performance of the US portfolio

Work with the Financial Reporting Analyst, functional experts and business unit leaders to prepare the Quarterly Business Review materials and address all financial matters that arise during normal course of business, including information requests from MRSNA Executive Leadership, FMR and/or Reinsurance Controlling

Conduct regular monitoring of results using standard divisional reports and automated reporting tools (e.g., TM1, SAP, Power BI, Oracle, etc.)

Coordinate closely with key stakeholders to produce reports that effectively support the information needs of unit executives and MRSNA Executive Leadership

Partner with actuarial and financial reporting resources to understand linkage across planning, pricing and reported results (e.g. pricing to reserving gap) and serve as a subject matter expert to explain these to non-technical audiences

Support efforts to enhance linkages between pricing and financial metrics as respects assigned units

Contribute to efforts to maintain the unit’s processes, tools and related procedural documentation

The senior analyst would be expected to lead team efforts to build and design processes and tools required to meet new requirements

Provide guidance and advice to other MRSI Finance staff, as needed

Qualification

Financial managementIFRS knowledgeGAAP knowledgeStatutory accountingSpecialty insurance experienceFinancial analysisMS Office proficiencyCommunication skillsInterpersonal skillsTeamworkTime managementPresentation skills

Required

7+ years of financial management experience in an (re)insurance environment

Specialty primary insurance experience highly desired

Bachelor degree, in accounting, finance or related field, MBA preferred

Strong knowledge of IFRS, GAAP and Statutory accounting principles and VBM concepts required

Working knowledge of specialty insurance products highly desired

Excellent financial and business analytical skills; strong knowledge of financial, regulatory, accounting practices required

Prior underwriting, consulting, operating, or audit experience a plus

Excellent communication (written, verbal and presentation), interpersonal and networking skills at all levels of organizations

Able to lead, manage and effectively influence peers; able to work independently as well as in a team environment

Able to manage time effectively, meet deadlines and budget targets

Able to explain complex transaction structures to both technical and non-technical audiences

Proficient with MS Office software (Word, PowerPoint, Excel, Access, Project), SAP BO reporting, Oracle EPM and PowerBI

Preferred

MBA preferred

Benefits

Health insurance coverage

An employee wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays

Paid time off (PTO)

Company

Munich Re

Glassdoor4.2

Munich Re is an insurance company that provides reinsurance, insurance, and risk solutions.

Founded in 1980

Munich, Bayern, DEU

10001+ employees

https://www.munichre.com

H1B Sponsorship

Munich Re has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (4)

2024 (7)

2023 (3)