Munich Re Specialty - North America ยท 4 days ago
Expense Planning Analyst Senior
Princeton, NJ
Full-time
Onsite
Mid, Senior Level
$104K/yr - $152K/yr
7+ years expMunich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise. The Expense Planning Analyst Senior will lead and monitor all aspects of the expense planning process, manage the expense planning tool, provide guidance on expense inquiries, and prepare monthly expense reports for senior management.
Insurance
Responsibilities
Prepare and report on expense plans and staff budgets
Apply global and local expense planning requirements
Provide guidance and support to business units during the budgeting process
Review expense requests and allocation changes for accuracy; escalate material variances as needed
Assist in preparing annual plan exhibits and running expense allocation processes, including required data loads
Prepare reconciliation schedules for baseline and final expense figures
Ensure compliance with internal controls, including manager reviews and senior management sign-off
Maintain documentation for expense planning processes
Oversee the expense planning tool to ensure compliance with global and local requirements
Coordinate updates and enhancements with relevant stakeholders and IT teams
Conduct user training sessions and serve as the primary point of contact for tool-related inquiries
Maintain administrative and user guides for the tool
Validate expense requests and analyze variances against prior budgets and actuals
Utilize reporting tools and systems (e.g., SAP) to run queries and generate insights
Collaborate with team members to respond to inquiries from business units and senior leadership
Ensure timely and accurate release of monthly budget conformance reports and dashboards
Partner with management to implement enhancements and maintain process documentation
Support ad hoc and strategic expense-related projects as needed
Qualification
Required
7+ years of financial management experience in an (re)insurance environment
Bachelor degree, in accounting, finance or related field
Strong knowledge of IFRS, GAAP and Statutory accounting principles and VBM concepts required
Excellent financial and business analytical skills
Strong knowledge of financial, regulatory, accounting practices required
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
Specialty primary insurance experience highly desired
Working knowledge of specialty insurance products highly desired
Prior underwriting, consulting, operating, or audit experience a plus
Benefits
Health insurance coverage
Employee wellness program
Life and disability insurance
401k match
Retirement savings plan
Paid holidays
Paid time off (PTO)
Two options for your health insurance plan (PPO or High Deductible)
Prescription drug coverage (included in your health insurance plan)
Vision and dental insurance plans
Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary
Short and Long Term Disability coverage
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children)
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
Eligibility to receive a yearly bonus as a Munich Re employee
A variety of health and wellness programs provided at no cost
Paid time off for eligible family care needs
Tuition assistance and educational achievement bonuses
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community
Company
Munich Re Specialty - North America
Munich Re Specialty combines premier specialty expertise, capabilities, and products to offer partners and customers simplified access to a wide range of specialty insurance solutions and services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Kerner
Chief Executive Officer
Sabrina Hart
President and CEO
Company data provided by crunchbase