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Senior Financial Analyst

Swiss Re

Information about the position

  • Place of work: Mlynské nivy 12, Bratislava, Slovakia (Job with occasional home office)
  • Basic wage component (gross) and other rewards: From 1 700 EUR/monthThe minimum gross monthly base salary for this role is 1700 EUR full time. Our final offer to you will be set up fairly, considering the skills and experience that you bring to the Swiss Re Group. You can look forward to extra rewards and benefits including an attractive performance-based bonus.
  • Contract type: full-time

Job description, responsibilities and duties

About Swiss Re Corporate Solutions:

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

About the Role:

The mandate of the International Financial Management team is to technically account for international programme policies transactions, thereby ensuring compliant and efficient risk transfers and cash flows between Producing/Local Offices, Network Partners, the Central Pooling Carrier and External (Co-)Reinsurers.

The Team is also responsible for reporting, analytics and commentaries regarding International Business, including monthly aged debt reports, monthly premium flows by Producing Office, and consolidation of accounts by client programme.

The International Business Financial Management Team's main customers are:

Corporate Solutions and Network Partner Local Offices world wide;

Corporate Solutions Producing Offices;

External brokers and insureds;

Finance Corporate Solutions;

Reinsurance partners.

As a Senior Account Analyst, you will be responsible for technical accounting tasks related to assumed reinsurance policies, the reconciliation of both Produced premium and local offices premium, in addition to being responsible for a timely and accurate financial management with Swiss Re's Network Partners and Co-reinsurers. The ability to lead the specific projects towards strengthening the core IFM process in addition to providing clear performance results for the Primary Lead International Business programmes.

Ideally the candidate will have an excellent understanding of insurance technical accounting principles as well as solid understanding of International insurance programmes. The role will liaise with the Primary Lead team, Corporate Solutions Finance, and other functional areas as needed.

Your main responsibilities are:

Book, perform a monthly reconciliation and settle technical accounts (premium, commissions, fees, claims payments) to and from pooling carrier for assumed reinsurance NP policies, skeleton technical bookings and reinsurance transactions;

Produce monthly co-reinsurance statement of account;

Produce monthly Network partner statement of account;

Resolve reconciliation findings (Co-reinsurance/NP) with the respective functions – internal/external;

Resolve reconciliation findings (Co-reinsurance/NP) with the respective functions – internal/external;

Monitor and report open balances and coordinate with International Desk, Network Partner Coordinator, regional Technical accounting teams, Underwriters on outstanding balances;

Coordinate/respond to inquiries for other functions Local/Producing office Technical Accounting teams, Finance FP&A, Products performing financial reporting on International Business (act as first point of contact within International Business for those functions);

Ensure reconciliation of International Business technical accounts in administration system and support Finance on reconciliations in financial ledgers as required; e.g skeleton process, local premium collection, central premium collection, invoiced versus booked;

Compare and Contrast incoming co-reinsurance data in the system against real contract and authorize;

Define, implement and execute processes relating to technical accounting and credit control for international programmes;

Control over the risk assessment;

Liaise with International Desk, Global Network Management, Regional Technical Accounting teams, Claims/Claims operations and Underwriters/Underwriting Assistance teams to ensure service standards are met;

Lead ongoing project to strengthen the IFM core process.

Other responsibilities:

Actively support an announced audit by responding to RFI, IRFs;

Participate in meetings and trainings for the purpose of conveying information required to perform job functions;

Contribute to team effort by assisting other team member when necessary;

Perform other duties as assigned.

Employee perks, benefits

You can look forward to extra rewards and benefits including:

• Attractive performance-based bonus
• Ultra flexible working time in hybrid setup, allowing you to work also from home
• Modern office spaces in attractive location
• 5 additional days of holiday
• Lunch allowance fully paid by Swiss Re
• Referral bonus
• Pension & risk insurance contribution
• Sick days and sick leave support
• Public transport benefit
• Multisport card

Information about the selection process

This job offer is suitable for people who have been impacted by the invasion of Ukraine.

We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your tasks.

We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

Requirements for the employee

Candidates with education suit the position

University education (Bachelor's degree)
University education (Master's degree)

Language skills

English - Upper intermediate (B2)

Personality requirements and skills

About You:

Educational/Professional:

University graduate with primary or higher degree (or equivalent), preferable in finance/accounting/economics and with at least 4-5 years of relevant working experience in insurance/reinsurance;

Previous Insurance Technical Accounting experience desirable;

Key skills and knowledge:

Excellent analytical skills with the ability to deliver quality output to short deadlines and manage details without losing sight of the "big picture";

Strong communication skills, in particular ability to summarize complex technical issues to a non-expert audience, both written and verbal;

Capable of building trust with all areas of the business in particular with the Primary Lead teams Consolidation and regional Technical Accounting teams, regional Operations teams;

Ability to translate business initiatives into clear, actionable strategies;

Good project management skills;

Commitment to continues process improvement;

Excellent command of English (spoken and written);

Excellent interpersonal with demonstrated ability to work well and build trust with others;

Experience in insurance and on personal accountability for areas of responsibility;

Stress resilient, with the ability to work independently.

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Brief description of the company

As the world's leading and most diversified global reinsurer, we offer as our core business financial services products that enable risk taking essential to enterprise and progress. Our company was founded in Zurich, Switzerland in 1863, and operates in more than 25 countries and provides its expertise and services to clients throughout the world. We combine financial strengths with experience, knowledge and creative thought to explore new opportunities in the interests of our clients, staff and shareholders.

Number of employees

1000 and more employees