Company
Munich Re America Services
Location
Princeton , United States
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.
Munich Re America Services (MRAS) IT Business Solutions delivers business value through the management of IT products including implementation of change projects in a disciplined, business focused, engaged and methodical way to Munich Re Global Specialty Insurance (GSI) organization.
The Oracle Accounting Foundation Cloud Service/ OFSAA Tech lead will be responsible for driving the transformation initiatives and implementing systems and processes for GSI finance transformation landscape, ensuring efficient planning, execution and management of the overall technical capabilities aligned with the business vision of the future state GSI Finance system operations and KPIs. This role will be reporting to Head of Subsection in charge for Finance Transformation delivery, setting up this practice in support or efficiently managing the GSI Finance system being implemented and day to day maintenance of the AFCS modules and platform. Resource will be ensuring alignment with implementation of standardized operations measures across GSI Product development and delivery that follows our Munich Re standard solutions, aligned to risk and compliance requirements, to cover the financial and insurance operational capabilities of GSI.
This role will be part of a cross-functional agile team that is geographically distributed to deliver high-quality digital solutions across a broad range of innovation initiatives, while championing high quality and consistent delivery practices. The Oracle ERP Cloud Financial Lead will guide clients through project implementations of Oracle Cloud ERP Financials Applications, collaborate with teams, analyze systems, and support testing and go-live phases. Responsibilities include refining requirements, developing solutions, and leading post-production support.
Job Summary: We are seeking an experienced Technical Lead specializing in Oracle Financial Services Analytical Applications (OFSAA) for the insurance domain, with strong expertise in Insurance Analyzer and Accounting Foundation Cloud Service (AFCS). This role will lead the design, development, and delivery of technical solutions to support the data required for insurance accounting, reporting and reconciliation, and drive high quality implementation of OFSAA/ AFCS, Insurance Accounting Analyzer and cloud-based financial architecture.
Key Responsibilities:
- Lead the end-to-end technical implementation of Oracle Insurance Analyzer, Accounting Foundation Cloud Service (AFCS), and other OFSAA modules such as FSDF.
- Define and implement complex configurations and customizations within Insurance Analyzer, especially around actuarial and transaction data for insurance calculations
- Design and oversee integration of insurance data (policy, claims, premium, reinsurance) into the AFCS and Insurance Analyzer platforms.
- Architect and manage data ingestion, staging, and transformation pipelines using integration tools e.g. Data Integration Hub (DIH) and Oracle Data Integrator (ODI).
- Implement data flows within AFCS, integrating results from Insurance Analyzer to sub-ledger accounting systems.
- Guide a technical team in OFSAA/AFCS development, batch jobs, PL/SQL scripting, mapping rules, and reconciliation processes.
- Collaborate with functional teams, actuaries, and finance teams to align technical solutions with business logic and compliance needs.
- Oversee the development of test plans, design of test cases, and execution of testing activities to ensure thorough coverage and high-quality output
- Manage relationships with internal and external suppliers to ensure quality and timely delivery
- Troubleshoot performance and integration issues across the OFSAA/ AFCS/ Insurance Analyzer provide technical resolution.
- Engage with Oracle support for patch management, bug fixes, and optimization of OFSAA/ AFCS/ Insurance Analyzer components.
Qualifications:
- Bachelor’s or Master’s degree in Computer Science, Engineering, or a related field.
- 8+ years of experience in Oracle OFSAA implementation, with at least 4-6 years leading Insurance Analyzer and/or AFCS/ OFSAA projects.
- Strong understanding of insurance-specific data model required for reporting and regulatory requirements
- Expertise in Oracle PL/SQL, ODI, Oracle database performance tuning, and financial data modeling.
- Experience integrating OFSAA/Insurance Analyzer with ERP systems and accounting sub-ledgers.
- Deep knowledge of OFSAA metadata, allocation engine, batch framework, and reporting tools.
Key Skills:
- Hands-on experience with developing data model, Oracle Cloud Infrastructure (OCI), including deployment and management of OFSAA, AFCS and Insurance Analyzer
- Familiarity with insurance data modeling principles.
- Certification in Oracle OFSAA and/or prior involvement in IFRS 17 insurance implementations is a plus
- Strong project leadership, documentation, and stakeholder communication skills.
- Considerations:
- Job will entail 50% travel
- Candidates must provide legal work authorization (US Citizen, Green Card, and EAD)
- (No sponsorships available)
At Munich Re US, 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.
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