Financial Analyst

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

Benefits offered by this job

Medical, dental, and vision

Paid Time Off

Life insurance and disability benefits

401(k) and profit sharing

Ancillary benefits

Job summary

Hannover Life Reassurance Company of America (Hannover Re) seeks a talented Financial Analyst to join the CSS – Financial Reporting & Valuation department. Responsible for in-depth analysis of client data, quarterly Statutory, IFRS and Solvency II reporting, and collaboration with finance and actuarial teams to ensure timely, accurate results.

Travel is limited, and a strong control mindset is essential. Ideal candidates bring 5+ years in insurance, solid MS Office skills, and experience with

Qualifications

• 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.

Responsibilities

• 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 deviations and/or errors and determines appropriate resolutions; liaises with clients to correct reporting issues.
• Communicates financial consequences or business risks to stakeholders for accurate reporting.
• Calculates and analyzes Experience Refunds and Loss Carry Forwards.
• Records details of all client reporting using company systems to ensure report validity.
• Analyzes Trend Reports for reasonability and balance checks.
• Prepare and Analyze the quarterly Statutory, IFRS and Solvency II financial reports for assigned treaties and related retrocessions.
• Provide explanations for reporting period variances and work with teams to ensure accuracy.
• Prepare financial workpapers and schedules for external auditors during audits to substantiate compliance.

Skills

Client relationships

Analytical skills

Verbal & written

MS Office + Excel

SAP

Power BI

Time management

Independent worker

Attention to detail

Education

Bachelor's degree in accounting or related field

Tools

SAP

Power BI

Excel

Job description

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Hannover Re – as one of the world’s leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow. Our strength? Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products. Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next.Sounds good? Get to know us as a reliable employer and find your place with us.

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open Financial Analyst 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.

You can look forward to

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

• Manages complexity
• Action oriented

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
• 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.