Reinsurance Accounting Analyst
Job Description
Job title: Reinsurance Accounting Analyst
Company: IPS Group
Job description: Technical Reinsurance Accounting Analyst required by Global Reinsurer.Reporting directly to the EMEA Head of P&C Technical Closing, this is a hands on role where you will be responsible for quarter closing activities for accounts assigned to you, analysis and reporting of the technical results.You will also provide analysis and monitoring of complex transactions in order to provide detailed advice and recommendations to the senior management team, internal and external stakeholders. You will benefit from a diverse fast-paced work environment and broad intercompany relationships with other departments and functions.Principal duties and responsibilities:
- In depth analysis of technical results incl. special deals, large / complex transactions for contributive business, internal operations.
- Review the accuracy of the data in the accounting system and outcome of the calculations for sample large contracts.
- Ensure the accurate booking of manual adjustments for the IFRS & EBS quarter close.
- Monitoring of internal Operations and accuracy of the automatic retro generation, of the technical results and intercompany reconciliations.
- Review the accuracy of the retrocession calculations (both proportional and non-prop)
- Variance analyses of technical results.
- Reconciliation of the results in accounting systems.
- Conducting of assigned internal controls within the given framework.
- Quarterly reporting under IFRS17, Solvency II, local GAAP
- Preparation of accounting presentations and memos for the quarter close packs and deliverables.
- Ensure the delivery of high quality, well explained and multi-GAAP compliant results on a timely basis.
- Relationship management within BU and internal stakeholders.
Suitable skill sets needed in order to be successful within this role include
- proven experience in (re-)insurance,
- Robust accounting skills
- IFRS17, EBS and Solvency II reporting knowledge is of advantage
