Reinsurance Specialist

Zurich 56 Company Ltd; Kraków; On-site; PLN 120,000 - 180,000; Full time

Job summary

A global insurance company in Kraków seeks a Reinsurance Accounting Specialist to support reinsurance contract management and ensure compliance. Responsibilities include analyzing contracts, processing claims, and providing insights through reports. Candidates should possess a Finance or Accounting degree, 2-3 years of experience, and proficiency in MS Excel. This role offers opportunities for development and competitive benefits including medical insurance and a friendly work atmosphere.

Benefits

Medical insurance

Life insurance

Annual bonus

Educational training reimbursement

Remote work option

Friendly atmosphere

Qualifications

• 2-3 years of relevant experience required.
• Experience in reconciliation/AP/AR is a plus.
• Ability to work with all levels of authority.

Responsibilities

• Review and analyze reinsurance contracts.
• Process reinsurance claims for accuracy.
• Generate reinsurance reports for decision-making.

Skills

MS Excel proficiency

Analytical skills

Attention to detail

Fluent English

Education

Finance and Accounting or equivalent degree

Tools

SAP

Job description

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127705

Place of work: Cracow

Available shifts:

11:00 AM – 7:00 PM or 2:30 PM – 10:30 PM

Job Purpose:

The job purpose of a Reinsurance Accounting Specialist is to provide crucial support in the evaluation and management of reinsurance contracts, claims, and relationships with reinsurers. This is a key role in ensuring compliance with company policies, efficient claim settlement, and effective communication and collaboration with reinsurers. Additionally, the incumbent will contribute to the generation of insightful reinsurance reports and analysis to support informed decision-making within the organization.

The role gives opportunity to participate in local, regional and global projects and that is why we are looking for a proactive, flexible person with a “can do” approach.

Responsibilities:

• Assist in reviewing and analyzing reinsurance contracts to ensure adherence to company policies and guidelines.
• Support the development and maintenance of relationships with reinsurers.
• Aid in the processing and settlement of reinsurance claims, ensuring accuracy and efficiency.
• Provide support to internal stakeholders by offering reinsurance expertise and guidance.
• Assist in generating reinsurance reports and conducting analysis to support decision-making.
• Actively identify areas for process inefficiencies, improvements, drive the continuous process improvement and standardization.
• Join relevant training sessions to maintain good knowledge of the system, processes and changes.
• Keep DTPs/training guides up to date for own role & processes in collaboration with Group Reinsurance Finance & Recovery Team.
• Process of premium payments, post payment activities (notifications, clearings), cash receipts.
• Facultative claims maintenance (set up, billings creation, cessions updates).
• Credits creation and validation.
• Create statements of account and financial summaries for the closing quarters.
• Create monthly cessions statements.

Candidate’s profile:

• At least 2-3 years of relevant experience
• Finance and Accounting, Economy or equivalent academic degree
• Intercompany or mix of reconciliation/AP/AR experience nice to have
• Very good knowledge of MS Excel (advanced formulas, pivot tables etc.) and financial system (SAP as preferred)
• Analytical skills and attention to detail
• Comfortable in working with all levels of grade and authority
• English skills – fluent written and spoken (C1 level)

Additional requirements:

• This position will be dedicated for the US (American) customer, which will require occasionally adapting to work according to the US hours as per the team’s shift schedule.

We offer:

• real life opportunities to develop and grow with us and contribute to the world around us
• competitive salaries, language allowance and an employee benefits package that includes among others medical insurance, life insurance and sport-card
• annual bonus depending on company annual results and individual performance
• wide range of learning programs and personal development opportunities including also possibility to apply for up to 80% of educational trainings reimbursement
• referral awards
• online fitness trainings
• possibility to work from home
• nice and friendly atmosphere

Who we are:

Zurichis one of the world’s leading insurance groups, and one of the few to operate on a global basis. Our mission is to help our customers understand and protect themselves from risk.

In March 2016 we established a Shared Service Centre in Kraków, in Poland to support our global strategy. It is from this location that we have created a global shared service platform, focusing on advanced business functions such as financial accounting and reporting, planning and performance management, ICFR testing, financial systems management as well as HR integrated talent management operations.

We are committed to creating value for all our stakeholders on some of their deepest challenges, including climate change, a changing world of work and a digital society. Sustainability is a strategic priority for Zurich and it is our ambition to be known as one of the most responsible and impactful businesses in the world. In 2019, Zurich outperformed 99 percent of our industry peers in the Dow Jones Sustainability Index. And we received numerous awards across the world acknowledging our commitment to diversity, community resilience and responsible investment. Reinforcing our ambition, in June 2019 Zurich first insurer to commit to the UN Global Compact’s Business Ambition for 1.5C. We believe sustainability is about meeting the needs of the present without compromising the ability of future generations to meet their own needs – ultimately ensuring we do business in a way today that ensures our long-term growth.

This role is related to the key area of Zurich’s activity in Kraków. We are committed to complete the recruitment process as soon as possible, however in some occasions it may take up to 6 months and the requirements for the position may be subject to some clarification or modification during the recruitment process.