Financial Accountant

Swiss Re; Bengaluru; Hybrid; INR 900,000 - 1,500,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Swiss Re Corporate Solutions is seeking a Financial Accountant II in Bengaluru to manage technical accounting for international programme transactions. You will handle premium, commissions, and claims postings, prepare statements, and coordinate reconciliations with partners and internal teams.

Ideal candidates have 2–3 years in insurance or reinsurance, strong Excel/Word skills, and excellent English communication. The role supports a hybrid work model with global collaboration across offices.

Qualifications

• Educational background in finance or accounting — CA, CS, ICWA, MBA (Finance), or equivalent degree — with a minimum of 2–3 years of relevant working experience in insurance, reinsurance, or a related financial domain.
• Technical accounting experience in insurance or reinsurance, with a solid understanding of accounting principles including premium, commissions, claims, and reconciliation processes.
• Proficiency in Microsoft Excel and Word, with the ability to manage, analyse, and present financial data effectively.
• Excellent written and verbal communication skills in English, with the ability to summarise complex technical issues clearly for both expert and non-expert audiences.
• Strong analytical and problem-solving skills, with the ability to identify discrepancies, investigate root causes, and drive resolution independently.]
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Responsibilities

• Book, reconcile and settle technical accounts — including premium, commissions, fees, and claims payments — to and from the pooling carrier for assumed reinsurance Network Partner policies, skeleton technical bookings, and reinsurance transactions
• Produce monthly co-reinsurance and Network Partner statements of account, ensuring accuracy and timeliness in all financial reporting
• Resolve reconciliation findings with internal and external counterparts, including Co-reinsurance and Network Partner discrepancies, driving issues to swift resolution
• Monitor and report open balances, coordinating with the International Desk, Network Partner Coordinators, regional Technical Accounting teams, and Underwriters to address outstanding items
• Act as the first point of contact within International Business for Local/Producing Office Technical Accounting teams, Finance FP&A, and other functions performing financial reporting on International Business
• Ensure reconciliation of International Business technical accounts in the administration system and support Finance on reconciliations in financial ledgers, including skeleton processes, local and central premium collection, and invoiced versus booked comparisons
• Review and authorize incoming co-reinsurance data in the system against real contracts, ensuring accuracy and compliance
• Liaise across functions — including the International Desk, Global Network Management, Regional Technical Accounting teams, Claims Operations, and Underwriting teams — to ensure service standards are consistently met
• Support internal and external audits as required and contribute to ongoing projects that strengthen core IFM processes
• Contribute to team success by sharing knowledge, supporting colleagues, and participating in meetings and training sessions

Skills

Analytical skills

Problem solving

English communication

Attention to detail

Financial accounting

Education

CA/CS/ICWA/MBA (Finance) or equivalent

Tools

Microsoft Excel

Microsoft Word

Job description

Financial Accountant II

Are you a detail-oriented finance professional with a passion for international insurance and reinsurance accounting? Do you thrive in a fast-paced, collaborative environment where your analytical skills and financial expertise make a real impact on a global scale? If so, this could be the perfect opportunity for you!

About the Role

As a Financial Accountant II within the International Financial Management (IFM) team at Swiss Re Corporate Solutions, you will play a pivotal role in ensuring the accurate and compliant technical accounting of international programme policy transactions. You will be at the heart of global risk transfers and cash flows, working with a diverse network of partners, offices, and reinsurers across the world. This is a role where precision meets purpose — and where your contributions directly support the financial integrity of international insurance programmes.

Key Responsibilities

• Book, reconcile and settle technical accounts — including premium, commissions, fees, and claims payments — to and from the pooling carrier for assumed reinsurance Network Partner policies, skeleton technical bookings, and reinsurance transactions
• Produce monthly co-reinsurance and Network Partner statements of account, ensuring accuracy and timeliness in all financial reporting
• Resolve reconciliation findings with internal and external counterparts, including Co-reinsurance and Network Partner discrepancies, driving issues to swift resolution
• Monitor and report open balances , coordinating with the International Desk, Network Partner Coordinators, regional Technical Accounting teams, and Underwriters to address outstanding items
• Act as the first point of contact within International Business for Local/Producing Office Technical Accounting teams, Finance FP&A, and other functions performing financial reporting on International Business
• Ensure reconciliation of International Business technical accounts in the administration system and support Finance on reconciliations in financial ledgers, including skeleton processes, local and central premium collection, and invoiced versus booked comparisons
• Review and authorize incoming co-reinsurance data in the system against real contracts, ensuring accuracy and compliance
• Liaise across functions — including the International Desk, Global Network Management, Regional Technical Accounting teams, Claims Operations, and Underwriting teams — to ensure service standards are consistently met
• Support internal and external audits as required and contribute to ongoing projects that strengthen core IFM processes
• Contribute to team success by sharing knowledge, supporting colleagues, and participating in meetings and training sessions

About the Team

The International Financial Management (IFM) team is responsible for the technical accounting of international programme policy transactions, ensuring compliant and efficient risk transfers and cash flows between Producing/Local Offices and Network Partners. The team also owns reporting, analytics, and commentary on International Business — including monthly aged debt reports, premium flow analysis by Producing Office, and consolidation of accounts by client programme. Serving a broad base of stakeholders including Corporate Solutions offices worldwide, external brokers, Finance, and reinsurance partners, the IFM team is a critical enabler of Swiss Re's global insurance operations.

About You

You are a proactive and dependable finance professional who brings both technical rigour and strong interpersonal skills to everything you do. You communicate complex financial topics with clarity and confidence, build trust naturally across teams and functions, and take personal accountability for delivering high-quality results. You are resilient under pressure, comfortable working independently, and energised by the opportunity to contribute to a high-performing global team.

We are looking for candidates who meet these requirements:

• Educational background in finance or accounting — CA, CS, ICWA, MBA (Finance), or equivalent degree — with a minimum of 2–3 years of relevant working experience in insurance, reinsurance, or a related financial domain
• Technical accounting experience in insurance or reinsurance, with a solid understanding of accounting principles including premium, commissions, claims, and reconciliation processes
• Proficiency in Microsoft Excel and Word , with the ability to manage, analyse, and present financial data effectively
• Excellent written and verbal communication skills in English , with the ability to summarise complex technical issues clearly for both expert and non-expert audiences
• Strong analytical and problem-solving skills , with the ability to identify discrepancies, investigate root causes, and drive resolution independently

These are additional nice to haves:

• Familiarity with international insurance programme structures , including Network Partner arrangements and co-reinsurance mechanisms
• Experience working with financial administration or accounting systems used in insurance or reinsurance environments
• Demonstrated ability to manage multiple priorities and deadlines in a dynamic, fast-paced setting
• Experience collaborating across geographies and functions , including working with global teams and external partners
• A natural ability to build relationships and foster trust across diverse stakeholder groups, including underwriters, finance teams, and external brokers
• Curiosity and enthusiasm for process improvement , with a track record of contributing to projects that enhance operational efficiency

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking.

We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience. We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.