Staff Accountant - IFRS Reporting

Company



American Modern Insurance Group



Location



Cincinnati
, United States

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property - such as manufactured homes and specialty dwellings - and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can't.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re's Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day. This position has a hybrid schedule, 40-50% of the time in the office in Amelia, OH. Candidates must be located near our corporate office in Cincinnati, OH.

American Modern Insurance Group is seeking a Staff Accountant to join our IFRS Reporting team! This role will be primarily responsible for core IFRS 17 accounting and reporting support functions on a monthly, quarterly, and annual basis. This role primarily supports key financial reporting to the international corporate parent and internal management. The Staff Accountant will be involved in ad hoc analyses and other accounting projects as needed, and is expected to continue to build expertise and capabilities in insurance accounting through formal and informal training and development channels.

Responsibilities:

• Responsible for IFRS 17 accounting and reporting processes as it pertains to the American Modern Insurance Group for premiums, commissions, losses, reinsurance, tax, intercompany, and cash transactions.
• Prepare journal entries and perform analysis of IFRS 17 input data and assumptions and verify calculated financial results. This includes interfacing with key stakeholders to understand and document major drivers of IFRS 17 activities.
• Participate in the preparation of key documentation / workpapers / analysis supporting the IFRS 17 accounting and reporting activities.
• Prepare account reconciliations from source system to general ledger for IFRS 17 balances. Ensure documentation meets internal control requirements.
• Assist in the preparation and validation of financial data and supplemental notes loaded to the Group's consolidation tool (ECON).
• Ensure adherence to Standard Operating Procedures documentation and updating on a periodic basis.
• Performing analysis and developing results under other key regulatory reporting requirements.
• Performing reconciliation of IFRS 17 results to other bases of accounting and other key regulatory reporting requirements.
• Continue to build expertise and capabilities in insurance accounting through on the job training, and by attending training and development opportunities both inside and outside of work

Qualifications:

• Bachelor's degree in Accounting or Finance, or equivalent work experience.
• CPA or Insurance Certification (CPCU, ARE).
• GAAP, Statutory, and/or IFRS accounting knowledge and on the job experience with recording complex ledger transactions and preparing reconciliations.
• Experience using Microsoft products and other BI data analytical tools, such as COGNOS Advance, Oracle Sequel, Power BI or similar programs.
• Experience in establishing/documenting end to end business/accounting processes.
• Detailed oriented, organizational skills and ability to prioritize and multi-task work.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• 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).

In addition to the above insurance offerings, our employees also enjoy:

• 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.

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.