Financial Accounting Expert; m​/f​/d - Munich

Position: Financial Accounting Expert (m/f/d) - based in Munich
We are looking for a Financial Accounting Expert (m/f/d), based in Munich, Germany.

The Impact You Will Have

Reporting to the Head of External Reinsurance Accounting, you will own, manage and oversee all treaty reinsurance accounting processes and transactions for Az Commercial external cessions. This role in a multi-location team with global responsibilities is linked with external reinsurers and brokers, across all accounting regimes in various systems. Ensuring accurate, timely and efficient closings and reporting is key in the evolving, complex environment.

Special capital management reinsurance set ups with AZ Group / Az Re are also part of the global role.

Some of your specific responsibilities could include:

Closing and Reporting
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• Plan, coordinate and manage monthly, quarterly and annual closings, related reinsurance accounting tasks and reporting products (eg., (contributions to) financial reports, regulatory reporting, group/management reporting requirements) including ad-hoc reports/analyses across applicable accounting regimes (IFRS, GAAPs, statutory, Solvency II) in accurate and timely manner.

• Coordinate, transfer and reconcile of data from input/frontend systems across multiple legal entities with brokers/direct markets

• Complete assigned and complex ad-hoc postings, journal entries and account reconciliations on a periodic basis

• Reconcile and resolve IC transactions with affiliates

• Monthly legal entity close submission activities, incl. accruals and manual adjustments.

Governance and quality assurance
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• Own closing/reporting processes and products and parts of/contributions to resp. processes and products.

• Drive new topics and towards a comprehensive simplification, standardisation and harmonisation of processes, (reporting) products and tools following best practice to improve productivity and harvest efficiency gains, in line with AZ.

• Commercial strategy and global first mindset.

• Ensure fulfilment of documentation and audit requirements.

Collaboration, communication and relationship management (internal and external)
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• Manage relationship with ATT / Finance colleagues and other internal, group and AZ-external stakeholders, incl. in particular Group Accounting and Reporting, AZ SE / Re, 3rd party reinsurers and brokers, guided by high customer focus and business acumen; manage interface / relationship with external auditor and other 3rd parties (eg., tax authorities, public authorities), where applicable

What You'll Bring to the Role

• Degree (ideally Master) in Business Administration, Business Mathematics/Informatics, Finance or Accounting or qualified by experience

• 5-7 years of work experience in P&C (re-)insurance accounting, financial audit, controlling or similar financial area

• Proven understanding of accounting standards (IFRS, Solvency 2, HGB) in insurance and reinsurance and familiarity with the relevant legislation and standards

• Resolutely customer-focused with an ability to handle complex processes including understanding of data flows

• Advanced Excel skills to quickly analyze data and draw the right conclusions. Use of AI tools and Alteryx skills are a plus.

• Experience as active user of SAP AfO / SAP Analytics Cloud and preferably SAP FI.

• Strong analytical skills to identify and follow up abstract issues and root causes

• Comfortable working both in a team and independently, in an international and dynamic environment
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

• Fluent English skills, fluent German skills are a plus

102357 | Finance & Accounting | Professional | Allianz Commercial | Full-Time | Permanent

What's in it for you?

Let's care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let's care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by…