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Expense Plan Analyst Sr

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 9518 Company Munich Re America Services Employment type Regular Area of expertise Finance, Accounting & Controlling
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Expense Plan Analyst 

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.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

Future focused and always one step ahead!

This position will lead and monitor all aspects of the expense planning process and controls. Responsible for the process, expense planning tool, training, documentation as well as monthly monitoring. Primary contact for the MRAM business units and MRAS service areas, for expense plan related questions and support. Collaborate with team members in support of variance analyses (actual vs plan expense). Lead all facets of the expense plan process: expense, allocations and staff budgets. This is an opportunity to support the corporate expense function while building relationships across a global organization.

Responsibilities

  • Lead the preparation and reporting of the expense plan and staff budgets.  Understand and apply global expense plan requirements as well as additional local requirements. Provide assistance and guidance for the budgeting process to divisional specialists across MRAM and MRAS. Review expense requests and allocation changes for validation; review material variances with manager. Assist in preparation of annual plan exhibits. Prepare and run the expense allocation process and required data loads.  Prepare all appropriate schedules, including reconciliation of baseline and final expense figures. Ensure proper controls are followed, including manager reviews and sign-off from senior management. Maintain existing expense process documentation.
  • Manage the expense planning tool, lead trainings, and maintain documentation. Ensure expense planning tool meets all global and local requirements. Partner with Munich colleagues to implement any tool updates prior to annual kick-off. After annual process, assess tool for enhancements; prioritize requirements, liase with IT to implement. Train users. Serve as the local expert for questions and support. Maintain documentation (administarive guide and user guide).

  • Support expense plan analysis, including validating expense requests, variances from prior year budget, variance of actuals to plan. Analysis may involve review the existing reports and dashboards, running queries in SAP, and/or communicating with business staff. Collaborate with team members and/or manager to support inquiries from business staff, senior leaders, and/or Munich.

  • Responsible for the monthly budget conformance reporting. Collaborate with team members to ensure the monthly release of the budget-conformance dashboard with accurate and timely updates. Collaborate with manager to drive enhancements (i.e. inclusion of expense detail). Maintain process documentation.
  • Support special expense-related projects, as knowledge develops.

Qualifications

  • Bachelor’s degree in Accounting, Finance or related field
  • 7+ years’ experience in accounting or financial analysis
  • Knowledge and experience with expense process, business planning
  • Solid systems background, including excellent knowledge of excel and data analysis; Power BI and SAP a plus
  • Strong organizational and time-management skills
  • Team-orientated individual: Ability to effectively collaborate and communicate with varying levels of staff, from peers to managers to senior management
  • Disciplined and actionable: Ability to work effectively in an environment with firm deliverables

The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company’s Princeton location.

The base salary range anticipated for this position is$100,000 - $120,000plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate displayed represents the typical salary range for candidates hired in this position in Princeton. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

At Munich Re, we see Diversity, Equity 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.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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