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Location: 

Bangalore, KA, IN

Accountant I

About the Team 

The Global Finance Operations & Transformation (GFO&T) team in Group Finance provides accounting and reporting services for Property and Casualty (P&C) and Life and Health (L&H) segments within the Business Unit Reinsurance.  

 

The Accounting Operations team coordinates, prepares and finalise the non-life and life quarterly financial closing for production of IFRS17 results and Statutory reporting packages in addition to consolidated submissions to the Group.   

 

The team also manages Intragroup Retrocession (IGR) financial processes and ensures quarterly reporting of P&C/L&H IGRs to all counterparties. Additional tasks include the controlling of the IGR results and ad hoc provision of comprehensive IGR variance analysis. 

 

 

Job Purpose 

As Accountant – Internal Retrocessions you play a key role in managing the P&C Intragroup Retrocession (IGR) financial processes and ensuring the timely production of P&C IGR financial statements.Additional tasks include the controlling of the IGR results and ad hoc provision of comprehensive IGR variance analysis. 

 

During the quarterly closing process, you have the opportunity to collaborate with colleagues from other Finance Units and Finance IT to whom you will provide comprehensive analysis on specific transactions. Working in a motivated and experienced team in a dynamic environment, you'll gain insight into various aspects of non-Life reinsurance. 

 

 

Key Accountabilities 

  • Responsible for end-to-end IGR P&C process on IFRS17 reporting including accounting and reconciliation. 

  • Responsible for the quarterly reporting to all counterparties 

  • Analyse quarterly financial statements in respect of accuracy and completeness 

  • Support the overall IGR process management 

  • Contribute to simplification of the process and support on automation  

  • Ad hoc support in providing expert reports and analysis to our key stakeholders 

Other 

  • Provide cover for roles in other teams 

  • Any other ad hoc tasks as required from time to time 

 

 

Key Skills, Knowledge, Qulaifications & Experience 

  • Qualified Chartered Accountant with minimum 1 years' experience in a role relevant to Accounting or Financial Reporting, with good understanding of Profit & Loss and Balance Sheet or CA (Inter) with minimum 2 years of experience in Finance or Accounting or MBA finance with minimum 2 year of experience. 

  • Experience in working in a complex process environment required 

  • Experience in working in cross-functional teams 

  • Knowledge of Insurance and IFRS would be an added advantage. 

  • Willingness to acquire necessary system and technical knowledge  

  • Demonstrate personal accountability and dedication for area of responsibility 

  • Team player, good communication and interpersonal skills 

  • Ability to fluently communicate in English is necessary 

  • Insurance or reinsurance accounting experience preferred 

 

About Swiss Re

 

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace 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 and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

 

 

Keywords:  
Reference Code: 134035 

 

 


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