Allianz Commercial is a center of expertise for Allianz Group, focusing on insuring mid-sized businesses and large enterprises. They are seeking a Reinsurance Operations Expert to manage complex accounting tasks related to reinsurance, ensuring compliance with internal policies and accounting standards while supporting financial reporting.
Responsibilities
- Reconcile reinsurance transactions, including premiums, claims, commissions, and reserves for Assumed and Ceded business
- Ensure accurate and timely recording of reinsurance-related journal entries in compliance with IFRS/GAAP standards
- Analyze and interpret ceded and assumed reinsurance account activity to ensure timely payment or collection activities
- Prepare and review reinsurance-related reports, documents, statements and accounting summaries for internal and external stakeholders
- Support month-end, quarter-end, and year-end close processes, ensuring compliance with deadlines and accuracy
- Assist in preparing monthly reporting and presentations for internal stakeholders
- Analyze reinsurance contracts to ensure proper accounting treatment and compliance with regulatory and internal guidelines
- Collaborate with legal and underwriting teams to interpret contract terms
- Perform account reconciliations for reinsurance balances, ensuring discrepancies are identified and resolved promptly
- Maintain and enhance internal controls over reinsurance accounting processes
- Identify opportunities to improve efficiency and accuracy in reinsurance accounting processes
- Participate in system upgrades, testing, and implementation of new tools to support reinsurance accounting
- Act as a liaison between accounting, underwriting, and claims teams to ensure alignment on reinsurance matters
- Provide guidance and mentorship to junior team members and support their development
Skills
- 1-3 years experience in Reinsurance Accounting or related Insurance Premium and Claims Accounting
- Relationship building
- Team lead experience
- Financial Skills
- Relationship Management with other AOM Functions
- Insurance and Reinsurance Skills
- Bachelor's Degree in Accounting
- Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making
Benefits
- Annual performance-based cash incentive awards
- Generous bonus scheme
- Pension
- Private healthcare
- Generous parental leave benefits
Company Overview
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. It was founded in undefined, and is headquartered in , with a workforce of 1001-5000 employees. Its website is https://www.commercial.allianz.com/.