Expense Planning Analyst Senior

Financial Expense Analyst Senior

We are 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.

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability.

Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

Future focused and always one step ahead! Join our team as an Expense Planning Analyst Senior, where you will lead and monitor all aspects of the expense planning process and related controls. In this role, you'll manage the expense planning tool, oversee training and documentation, and ensure accurate monthly reporting and monitoring. Acting as the primary contact for business and functional units, you'll provide guidance and support on expense plan inquiries.

You will lead key components of the annual planning cycle, including expense allocations and staff budgets, while collaborating on variance analyses and reporting. Additionally, you will be responsible for monitoring and analyzing monthly expense performance, with a focus on expense variance to budget and prior year. You will analyze trends, investigate variances, and report any anomalies. You will also prepare and deliver monthly expense reports and analysis for senior management.

This position offers an exciting opportunity to contribute to the corporate expense function and build strong relationships across a global organization.

• 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; elevate 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.

• 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,…