Reinsurance Accountant

PartnerRe; Toronto; On-site; CAD 50,000 - 90,000; Full time

Job summary

Join an established global reinsurer where you will manage a diverse portfolio in reinsurance accounting. This entry-level role offers a fantastic opportunity to develop your skills in a supportive environment while collaborating with various departments. You'll be responsible for verifying and processing accounts, analyzing cedant statistics, and ensuring compliance with treaty terms. The company values integrity and collaboration, making it a great place to grow your career. If you're detail-oriented, proactive, and eager to make an impact, this position could be the perfect fit for you.

Qualifications

• 3-5 years of experience in reinsurance accounting.
• Strong technical, analytical, and problem-solving skills.

Responsibilities

• Manage and analyze assigned broker/cedent insurance/reinsurance portfolios.
• Handle premiums, claims accounts, and cash statements.

Skills

Reinsurance Accounting

Analytical Skills

Problem Solving

Communication Skills

Attention to Detail

Tools

Excel

Word

PowerPoint

SICS

Job description

2 days ago Be among the first 25 applicants

Company Description
PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

• Shape your own career
• Grow in a supportive environment
• Connect with a community of experts
• Make an impact

We are always looking for bright, proactive individuals to join our team!
Please follow our Careers page for all updates on new positions. We look forward to receiving your application.

PartnerRe is an equal opportunities employer.

Job Description

About this job:
This role is based in our PartnerRe Toronto office and will report to the Local Head of Reinsurance Accounting Non-Life based in Stamford. The Reinsurance Accounting Department is responsible to handle premiums and claims accounts received from reinsurance brokers and cedents.

Your mission will be to manage an assigned broker/cedent insurance/reinsurance facultative and treaty portfolio, which you will verify, process, monitor and analyze.

In More Detail Your Responsibilities Will Include:

• Identify, verify, and process regular accounts, commutation accounts, cash losses, profit & loss calculations as well as year-end related documents against treaty terms and contractual conditions.
• Cedant premium and loss reserve handling, cedant statistic analysis and Letter of Credit & Pledged Securities handling.
• Monitoring and managing of cash statements including confirmation letters as well as active communication with brokers and cedants.
• Monitoring and managing open balances, identify incoming payment and initiate outgoing payment.
• Close collaboration with the Claims Department, Payments & Collections Department, Underwriting Administration Department, and other functional areas.
• Electronic messaging management and archiving of accounting relevant documents.
• Performing periodic SOX- and operational controls and assuring correctness of quarterly closing tasks as assigned.

Qualifications

About you:
To be successful in this role, you should have the following background, skills, and mindset:

• 3 to 5 years of working experience in the reinsurance accounting field.
• Good technical and analytical skills, problem solving oriented and able to take decisions.
• Advanced knowledge of Excel, good knowledge of Word and PowerPoint.
• Experienced in eMessaging (electronic messaging) and the reinsurance data system SICS is a plus.
• Strong communication and interaction skills.
• Fluent in English (verbal and written), other languages are a plus.
• Able to work on common goals both independently and as part of a team.
• Well-organized, attention to detail is critical, you like to be challenged, and your openness to new ideas and your can-do attitude are part of your strengths.

Additional Information
PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.

Thank you,
PartnerRe Hiring Team

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Finance
• Industries: Insurance