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Commission & Reconciliation Associate

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 1 200 EUR/monthThe minimum gross monthly base salary for this role is 1200 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 iptiQ

iptiQ is a risk tech start-up within Swiss Re Group. 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 a wide variety of risks, from natural catastrophes and climate change to cybercrime.

iptiQ provides digital, bespoke and transparent L&H and P&C protection products in a B2B2C manner. Founded in 2014, we're transforming the way consumers buy insurance with a unique digital insurance engine which incorporates the latest technology with world-class underwriting capabilities. We build strong partnerships to sell insurance via trusted brands.

About the Role

This is a rare opportunity to join a new business unit within an established company, combining the dynamic spirit of a start-up with the backing of Swiss Re's strong organization. We are a young and motivated team, organized to provide creative solutions for insurance distributors that engage with consumers in non-traditional ways.

We are searching for a specialist who will be a member of our newly built Commission & Reconciliation team dealing with the commission calculation and reconciliation of payments which are subsequently impacting the commission statements and commission reports. You will collaborate closely with the Finance, Technology and Operations teams.

As a Commission & Reconciliation Associate you will:

• process day-to-day tasks affecting the commission statements and commission pay-outs to distribution partners as per the contract with the distribution partners and in line with the service level agreements committed to our business partners
• be responsible for controlling, analysis and driving the corrective actions related to commissions processing for distribution partners
• be a part of the team defining the rules and processes for the commission processing, including the controls for commission calculations and payments to mitigate the operational, financial and reputational risks of the company
• be empowered to perform the commission corrections in case of systems failures or errors
• be responsible for the constant improvement and automation of the processes
• work closely with the business owners, business architects and distribution partners

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

Secondary with school-leaving examination
Follow-up/Higher Professional Education
University education (Bachelor's degree)
University education (Master's degree)

Language skills

English - Upper intermediate (B2)

Personality requirements and skills

About You

As an ideal candidate you should:

• have analytical skills with an ability to work with data and systems
• be detailed, solution oriented and motivated to learn
• be able to understand the setup of insurance core systems
• have strong interpersonal and communication skills
• be proficient in English, German advantage


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


Contact person: Magdalena Lendvorska