Reinsurance Account Analyst Israel

Place of work
Mlynské nivy, Bratislava
Contract type
full-time
Wage (gross)
From 1 100 EUR/monthMinimum base salary for this job from 1100 EUR gross/month/full time. Our offer to you may be higher based on your skills and experience and will include additional rewards and benefits. We are required by law to disclose basic wage component (minimum salary) for the advertised positions. We carefully consider your professional competencies, qualifications and experience in our compensation package and/or when offering you other positions. Our compensation philosophy is to pay fairly, also considering market situation and the value employees may bring to Swiss Re.

Information about the position

Job description, responsibilities and duties

As Reinsurance Account Analyst you will be part of Technical accounting team based in Bratislava. You will be responsible for managing end-to-end process of the reinsurance accounts, cash flow and data quality of the respective portfolio. The portfolio comprises set of our clients who are primarily insurance companies and brokers. As opposed to the classical financial accounting, technical accounting is connected exclusively to the reinsurance industry. This position offers an opportunity to work with data analysis and to better understand the business behind.

Technical Accountant (TA) ensures that our clients submit account documents within time frame and quality as per contractual wording, analyses and processes reinsurance data and manages overall cash flow. It is predominantly TA function that receives and manages clients' data after a contract between Swiss Re (SR) and the client has been signed and thus has a high impact on downstream functions such as Finance, Actuaries, Underwriters and Client Markets and directly influences technical and financial results of SR. All this is possible only through good understanding of our clients, re-insurance concepts, and accounting principles. The position-holder is required to follow a set framework of processes and guidelines and continuously improve the situation in order to meet the agreed set of KPI targets. TA has to look for opportunities within the core process to create value (qualitative and quantitative) for SR and external clients. The role also includes many interactions with our internal functions and regular interactions with external clients (via email, call, and even visit).

Key Accountabilities

Full accountability of assigned set of clients/portfolio. Independent and efficient end-to-end handling of this portfolio which includes the following:

- Technical verification of received reinsurance accounts from clients as agreed in treaties
- Clarify deviations, incorrect data with SR's internal departments and/or with clients
- Process the accounts following set of complex guidelines and processes which include claims escalations to our claims department
- Financial settlement with clients according to treaty terms and agreements, timely management of overall cash flow
- Business correspondence with clients (call, email etc.)
- Data quality control and risk management related activities according to internal guidelines
- Ensure that the agreed priorities, deadlines and service standards are achieved
- Constantly look for ways to enhance service standard and quality
- Proactive investigation, analysis and interpretation of processed accounting information
- Regular reporting to supervisor and internal stakeholders
- Sharing of information with other team members and if needed support cross-team cooperation
- Contact external and internal clients (either written or verbal) to clarify and resolve any operational issues such as missing accounting information, incorrect data, payment delays etc. On many occasions, the TA prepares client visit information and sometimes joins other SR colleagues during the client visit
- Achieve agreed KPI targets

About the Team

Technical accounting department is a part of the core business operations within Swiss Re. Our people receive accounts from clients, analyse and process documents and bring cash in house. The quality of our work influences Swiss Re reputation and is instrumental in the company's growth in all markets around the world.

Information about the selection process

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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

University degree preferably in the area of finance, accounting, economics or secondary economic school or secondary grammar school with working experience in the area of finance, accounting, administration
Language skills: English fluent written and spoken
Very good comprehension of MS Office (e.g. Excel, Word, Power Point)
Flair for numbers and analytical skills
Good verbal and written business communication skills
Excellent team player and willingness to share and support
Diligent and accurate working style
Detail oriented
Solves business problems using own initiative and common sense
Aware of the importance of internal and external clients, understands their needs and works with them to meet these. Focuses on delivery, meeting deadlines and providing high quality service
Understands the underlying economics of the industry and the business to ensure the best financial interests of both
The ability to collaborate with others and contribute as part of a high-performance team, as opposed to working independently or competitively, in order to achieve a common goal

Other Activities/Accountabilities that may be required from you:

- Initial training is obligatory
- Perform other position related tasks as instructed by Supervisor
- Provide cover for roles in other teams
- Any other ad hoc tasks as required from time to time
- Some travel to Swiss Re locations may be required

Advertiser

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

1700 and more employees

Company address

Swiss Re Management AG
Mlynské Nivy 12
821 08 Bratislava
Learn more about working in Swiss Re Slovakia.

Contact

Kontaktná osoba: Sona Kralova

ID: 4062042  Dátum zverejnenia: 14.4.2021  Základná zložka mzdy (brutto): 1 100 EUR/month