Financial Analyst, 3255

Hannover Re; Orlando (FL); On-site; USD 83,000 - 112,000; Full time

Job summary

Hannover Life Reassurance Company of America is seeking an Associate Reinsurance Accountant in Orlando. The role focuses on in-depth analysis of client data, ensuring accuracy per treaty guidelines, and communicating risks to stakeholders.

You will prepare quarterly Statutory, IFRS and Solvency II reports for assigned treaties and related retrocessions. The position requires a college degree in accounting or related field, at least 5 years in insurance, and familiarity with SAP, Power BI and MS

Qualifications

• Bachelor's degree in accounting or related field required.
• Minimum 5 years of experience in an insurance-related field.
• Strong knowledge of (re)insurance concepts and reporting standards.
• Excellent communication and interpersonal skills.
• Proficient with SAP, Power BI and MS Office suite.

Responsibilities

• Analyze client data and ensure accuracy per treaty guidelines, report trends.
• Prepare quarterly Statutory, IFRS and Solvency II financial reporting.
• Audit problematic accounts and propose corrective procedures.

Skills

Manages complexity

Communicates effectively

Manages ambiguity

Action oriented

Financial acumen

Excellent verbal, written and Interper

Strong organizational and analytical

Prioritization of workload

Independent without daily direction

Education

College Degree in accounting or related field

Industry designations

Tools

SAP

Power BI

Microsoft Excel

Microsoft Word

Job description

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, and how to apply.

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.

You come equipped with

Competencies

• Manages complexity
• Communicates effectively
• Manages ambiguity
• Action oriented
• Financial acumen

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 work and escalates issues appropriately
• Takes responsibility for quality, completeness and accuracy of work

Desired Knowledge, Skills, And Abilities

• Knowledge of Health and Special Risk reinsurance practices and principles
• Industry relevant designations
• Ability to conduct quantitative and qualitative analysis with large data sets
• Knowledge of systems and data structures, with applicability towards (re)insurance operations

Travel

5% - client visits or travel to/from the Orlando office, depending on remote location

Compensation (Inclusive of Base + Bonus)

• $82,900 - $112,100

Benefits Include

• Comprehensive medical, dental, and vision
• Paid Time Off (PTO)
• Company provided life insurance and disability benefits
• 401(k) and profit sharing
• Additional ancillary benefits available

Hannover Life Reassurance Company of America (Hannover Re) seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.

We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, email [e-mail]. Please allow for 24 hours to process your request.

We will accept applications until a candidate has been identified and selected to fill this position.