Vice President, Controller Munich Re New Ventures

  • Company:
    Munich Re
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    6 hours ago
  • Category:
    Finance

The Controller for the Munich Re New Ventures North American (MRNV) team will report to the Senior Vice President and Chief Financial Officer of Munich Re Canada (Life & Health), with a dotted-line reporting relationship to the President of MRNV. This position will play a key role on the management team in solidifying Munich Re as an innovative leader in the North American Life and Health financial services arena. The individual will ensure excellence in the delivery and communication of the North American MRNV financials. In addition, the individual will forge strong ties with the Munich Re Life and Health organization across North America and, working with our businesses, be accountable for the automation of our key accounting processes. This individual thrives in nimble, entrepreneurial environments where the only constant is change.

With success in the role comes the possibility to expand in scope and responsibility.

Your job

Key responsibilities for the role include:

  • As MRNV enters a significant period of growth, assess and implement the necessary actions to ensure the financial infrastructure can support the business.
  • Working with MRNV business leaders, establish the appropriate financial management framework/KPIs and implement processes to deliver these.
  • Managing and coordinating all financial audits (internal/external) as they relate to MRNV.
  • Assess and recommend changes to improve core accounting processes across our North American finance structure which feeds our multiple accounting bases (CGAAP, IFRS, US Statutory, US Tax and USGAAP).
  • Establish efficient processes to manage expense budgeting, allocations and reporting/tracking of actuals vs. plan across Munich Re in North America on a monthly basis.
  • Collaborate with key stakeholders regarding implementation of new principles and appropriate treatment of non-routine innovation-related transactions.
  • Your profile

    The ideal candidate will be a seasoned professional with a minimum of 10 years of financial reporting and accounting experience within a multi-faceted and sophisticated, complex organization. He/she must enjoy a fast-paced entrepreneurial environment. Life insurance experience, while not required, is preferable; at the very least, experience in the financial services industry or technology sector is sought. Strong analytical skills and the ability to understand drivers of business profitability are necessary complements to core technical capabilities. Although the education of the successful candidate is not as relevant as experience, the successful candidate will most likely have earned undergraduate and/or graduate degrees in finance, accounting or business, and have achieved and kept current with a CPA certification. The ideal candidate will have a passion for technology, data, and efficiency. Familiarity with financial reporting through Cloud applications would be a very notable asset.

    The candidate who meets this description will demonstrate the following key competencies:

    Functional Expertise – The successful candidate must possess strong knowledge of accounting and financial reporting, including Canadian and US GAAP. Familiarity with the requirements of SEC reporting is desired. The candidate must demonstrate a track record of providing meaningful information leading to management decision making and of identifying and implementing efficient and effective processes. As this individual will be responsible for ensuring a highly accurate and disciplined financial record keeping, control and reporting environment, he/she must be a hands-on, highly competent and technically strong accounting and control professional.

    Ability to Set Direction and Lead Change – The candidate will have demonstrated instances of understanding business issues and opportunities and translating them into a vision, strategies and plans to chart a course of action; of setting clear goals and priorities in the face of competing demands to keep people focused on achieving business objectives; and of inspiring others by communicating a compelling vision and goals that motivate them to achieve more than they think they can. He/she will have a track record of leading change, such as the implementation of new processes, systems and other management initiatives that measurably improved organizational performance.

    Talent Management and Development Skills – It is critical that the successful candidate display the aptitude to develop and attract an employee base capable of meeting the company’s current and future talent needs, to evaluate performance and provide constructive feedback to strengthen team and individual effectiveness. He/she must demonstrate the ability to lead, build, and inspire high performing teams committed to outperforming business goals.

    Collaboration and Influencing Skills – The successful candidate must be highly effective in managing internal relationships, providing a high level of client service, effectively collaborating across the business units of a complex company and across functional departments, with peers and other senior executives. He/she must possess an energetic and service-oriented style, be easy to approach and enjoyable to deal with.

    COMPENSATION The Company is offering the successful candidate a competitive package, consisting of base salary, bonus and long-term incentive, as well as the full range of perquisites for professionals at this level.