Associate Reinsurance Accountant

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Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open Associate Reinsurance Accountant position. This is a Full-Time role within the CSS – Financial Reporting & Valuation department. Please see below for more information regarding the essential functions of this position, required qualifications.

Job Summary:

Responsible for conducting in-depth analysis of client reported electronic data to ensure it is accurate and timely in accordance with treaty guidelines. Communicates information about client issues and unusual reporting trends with actual or potential financial consequences to the appropriate stakeholders. Prepare quarterly Statutory, IFRS and Solvency II financial reporting for assigned accounts.

Essential Functions:

(45%)
Cash Reporting, Client Data, and Analysis

• Develops an understanding of treaty guidelines specific to assigned treaties to determine expectations of both parties.
• Conducts analysis of client reported data to determine accuracy in accordance with treaty guidelines.
• Investigates any deviations and/or errors and determines appropriate resolutions. Liaises with clients to understand and/or correct reporting deviations and/or errors.
• Communicates actual or potential financial consequences or business risks to the appropriate stakeholders to ensure accurate financial reporting.
• Calculates and analyses Experience Refunds and Loss Carry Forwards.
• Accurately records details of all client reporting using various company business systems to ensure the validity of the department’s financial reports.
• Analyses Trend Reports for reasonability and balance checks.

(45%)
Statutory, IFRS and Solvency II Financial Reporting

• Prepare and Analyze the quarterly Statutory, IFRS and Solvency II financial reports for assigned assumed Health Solutions reinsurance treaties and related retrocessions to ensure accurate and timely reporting.
• Provide clear explanations for reporting period variances. Work closely with financial reporting and actuarial teams during the reporting process to ensure amounts recorded are accurate.
• Prepare financial workpaper documentation and schedules as required for external auditors during the quarterly review and annual audit process to substantiate compliance with local and IFRS reporting standards.

(10%)
Audit of problematic accounts

• Independently analyzes and identifies client reporting inconsistencies to implement corrections.
• Proposes procedures to improve processing inefficiencies.

• Manages complexity
• Action oriented

Essential Knowledge, Skills, and Abilities:

• College Degree from an accredited institution in accounting or a related field.
• Minimum 5 years of experience in an insurance-related field.
• Business knowledge of (re) insurance concepts
• Excellent verbal, written and interpersonal skills for establishing and maintaining professional client, reinsurer and internal relationships
• Intermediate Microsoft Office skills (Word, PowerPoint, Outlook);
  Intermediate/Advanced Microsoft Office skills (Excel);
  Competence in SAP, Power BI or equivalent systems
• Strong organizational and analytical skills with attention to detail
• Ability to manage and prioritize workload effectively according to contractual obligations, volume, and/or urgency
• Ability to act and operate independently with minimal daily direction from manager to accomplish objectives
• Provides accurate and timely updates on status of…