Reinsurance Operations Expert

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