AVP, Budget and Cost Management

You can look forward to

Job Summary:

Serves as head of Budget and Cost Management department, including hiring, retaining and developing talent.  Plans and develops the management expense budgeting program for the family of companies under Hannover Life Reassurance Company of America (“HLRA Family”).  Oversees intercompany billings, reimbursements, reconciliations and collects monies due for non-technical business services, project work and third party costs performed or incurred by the family of companies under Hannover Life Reassurance Company of America (“HLRA Family”).  Facilitates intercompany billings received by Hannover Life Reassurance Company of America (“HLR US”) from Hannover Rück SE (“Hannover Office”).  Prepares various financial reports, schedules and gathers supporting documentation for the annual transfer pricing review requested by HLRA Family’s tax advisors.

Essential Functions:

• (40%) Coordinates and prepares HLRA Family’s annual management expense budgets and quarterly forecasts under the guidelines and deadlines set forth by the Home Office and HLR US.  Prepares various budget and cost controlling reports along with analytical commentary requested by Group Controlling Services (“GCS”) at the Home Office and the Operational Council (“OC”) members of HLR US.  Develops, maintains and updates the management planning process and procedures while identifying opportunities for cost and labor savings for HLRA Family.
• (20%) Oversees intercompany billings and reimbursement reconciliations for non-technical business services, project work and third party costs in accordance to transfer pricing guidelines established by Group Taxation at the Home Office.  Sends reminder invoices and makes collection requests for any non-technical intercompany amounts owed to HLR US or HLRA Bermuda.  
• (15%) Facilitates intercompany billings issued by the FA-Corporate Accounting (FA-CCA) office for services rendered by the Home Office to HLR US.  Duties include routing each intercompany billing to the appropriate recipient(s) at HLR US for approval; supplying the account and department coding of the intercompany billing when requested; and, investigating any past due intercompany amounts owed to the Home Office from HLR US.
• (15%) Prepares various schedules and reports such as quarterly management expense reports for actuals and forecasts for corporate finance and corporate actuarial;  management expenses 5 year plan; payments to foreign affiliates; board book schedules and narratives; and, provides supporting documentation for the annual transfer pricing review requested by HLRA Family’s tax advisors.  Provides information for adhoc requests as required.
• (10%) Administers the company’s budgeting software system.  Administrator duties include setting up and maintaining users, entities, projects and management expense account structures based upon the guidelines established by the GCS and OC members; providing access rights and training to the system users; creating and designing various management expenses reports for system users; and, partnering with IT to identify, develop, implement and test budgeting system enhancements and improvements.

You come equipped with

Competencies:

• Directs Work
• Manages Complexity
• Collaborates
• Communicates Effectively
• Optimized Work Performances

Essential knowledge, skills and abilities:

• Bachelor’s of Science Degree in Accounting or Finance
• Minimum of five years of overall experience in general budgeting and accounting including three years of staff management
• MS Excel proficient including exporting, importing, complex linking, v-lookups and pivot tables
• Effective communication and presentation skills

Desired knowledge, skills and abilities:

• CPA and/or MBA designation or equivalent
• Experience in utilizing the following software: Abacus (budgeting), PeopleSoft (accounts payable and general ledger) and Concur (online travel and expense reporting)
• General understanding of STAT and IFRS accounting
• Prior insurance industry experience  

Travel:

• Travel to Other US offices is less than 5%

Total Compensation (Inclusive of base + Bonus):

• $130,900 - $177,100