Bangalore, KA, IN


Accountant II 

About Swiss Re

The Swiss Re Group 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. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organised into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.


About the role:

  • Supports supply of complete, accurate & timely underlying data to the various databases/frameworks to meet the needs of Regional Finance Europe and other financial regions for financial Group and Carrier non-life reporting and Divisional FP&A units.
  • Supports delivery on non-life datasets to Carrier responsible, compliant with local statutory GAAP
  • Production of quarterly reconciliations (US GAAP, Statutory GAAP, Branch/Local and EVM)
  • Act as contact for any analytical inquiries throughout valuations against different stakeholders including internal and external audit
  • Participating on operational implementation of external large transactions (e.g business shifts)
  • Ensure that the necessary systems/ tools & data are available to support the deliverables and maintain control environment by performing checks, investigating and cleaning up the data
  • Participation in Finance Reinsurance Transformation Project (ATLAS)
  • Ad hoc support in providing expert reports and analysis to our key stakeholders
  • Perform other position related tasks as instructed by Supervisor
  • Perform period close entries for all valuations



  • Provide cover for roles in other teams
  • Any other ad hoc tasks as required from time to time


About the team:

Reinsurance Financial Accounting Technical provides accounting and reporting services for Property and Casualty (P&C) segments within the Business Unit Reinsurance.

The Accounting & Closing P&C team coordinates and prepares the non-life quarterly financial closings for external the US GAAP and Statutory reporting packages as well as the consolidated EVM (Economic Value Management) submission to the Group. 

The team also manages Intragroup Retrocession (IGR) financial processes and ensures quarterly reporting of Non-Life IGRs to all counterparties. Additional tasks include the controlling of the IGR results and ad hoc provision of comprehensive IGR variance analysis.

A core mandate is the closing of the technical P&C sub ledgers for all relevant valuations and delivering meaningful input into the legal entity reporting process to the Carrier teams.

The primary responsibility will be supporting the team in the quarterly closing activities for US GAAP, Statutory, Branch/Local and EVM with a focus on the process of late adjustments.


Working in a motivated and experienced team in a dynamic environment, you will gain insight into various aspects of Non-Life reinsurance


About you:

  • CA (Inter) up to 6 years of experience in Finance or Accounting or Controlling.
  • Experience in working in a complex process environment required
  • Experience in working in cross-functional teams
  • Knowledge of US GAAP is a plus
  • Willingness to develop an understanding of Swiss Re Group systems architecture for non-life business across all valuations
  • Strong process & control orientation to enable delivery of quality output within short deadlines
  • Good MS Office skills required
  • Demonstrate personal accountability and dedication for area of responsibility
  • Team player, good communication and interpersonal skills
  • Ability to fluently communicate in English is necessary



Reference Code: 88751