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Financial Accounting Manager

Date Posted
17th October 2014
Stone 6225
General Insurance, Other, Re-Insurance
Job Type
Excellent Benefits

Job Description Apply: Financial Accounting Manager

Coordinate, control and improve the technical accounting closing processes of the Client globally. Ensure, develop and set up efficient and compliant workflows and KPIs to guarantee high quality on all relevant accounting dimensions as well as by showing a high customer focus. Analyze and report on technical P&L and Balance Sheet positions for internal and external audiences (e.g. Accounting Management, Statutory Auditors, Planning and Performance Management, Group Accounting, etc.)
and reconcile related accounts.

Key Responsibilities

  • Ensure that all IFRS, HGB and Solvency 2 closing and reporting tasks (e.g. annual report, reporting to regulatory authorities, monthly closing, ECCS consolidation) related to own area of responsibility are accurate and timely on a global basis
  • Complete assigned postings, journal entries and account reconciliations on a periodic basis
  • Coordination, transfer and reconciliation of data from interfaces of front-end systems
  • Timely execution and fulfillment of internal and external reporting requirements
  • Reconcile and settle intercompany transactions within the affiliated company group
  • Take care of monthly legal entity close submission activities, including posting of accruals, deferred acquisition expenses and other accounting transactions
  • Manage and deliver monthly and quarterly closing figures in accordance with Client's global closing calendar in time, quality and in compliance with internal and external regulatory framework and reporting requirements.
  • Analyze, develop and implement procedures, processes and suitable KPIs in order to control and monitor technical accounting results. This includes active communication and close collaboration within Global Insurance & Technical Closing, Accounting management and all other Finance areas to further build up trustful cooperation on work level. In addition contribute to development of global policies and procedures in the area of technical closing that result in more confidence and common understanding in the accounts and financial data

Governance and quality assurance:

  • Document application of policies, procedures and workflow for assigned areas of responsibility
  • Archive records to satisfy audit and statutory requirements
  • Draft standards to improve quality as well as active contribution in improving and implementing global operation cycles, processes and workflows as well as the implementation of global policies and procedures
  • Proactive project work (e.g. Balance sheet reconciliation projects, system migrations, IFRS 4, Solvency II, etc.) including analysis of deliverables as well as meeting deadlines/milestones and appropriate communication to the management

Desired Skills and Experience

  • Professional working experience in reinsurance, P&C insurance and / or asset management (preferable Accounting)
  • Proven understanding of accounting standards (IAS/IFRS and other local GAAP) in insurance and reinsurance
  • Project and team work in an international and dynamic environment
  • Experience as active user of SAP BW and preferable SAP FI. High developed Excel and PowerPoint skills as well as basics in VBA and Access
  • Experience in analyzing financial figures

Technical Skills

  • Understanding insurance financial statements and their performance measurement incl. drivers
  • Legal and Regulatory Framework: Comprehensive knowledge of IAS / IFRS, Solvency 2
  • Accounting policy. Knowledge of German GAAP is a plus
  • Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows


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