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Bangalore, KA, IN

Senior Accountant I

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.



About the role:

A core mandate is the closing of the technical P&C and L&H 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 & Life reinsurance.

• Supports supply of complete, accurate & timely underlying data to the various databases/frameworks to meet the needs of Regional Finance and other financial regions for financial Group and Carrier non-life reporting and Divisional FP&A units.
• Supports delivery on non-life & life datasets to Carrier responsible, compliant with local statutory GAAP
• Review 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
• Provide guidance 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
• Preparation of closing direct and CAT entries
• Ad hoc support in providing expert reports and analysis to our key stakeholders
• Ensure quality control of the work and business continuity
• Bring in Synergies whilst bringing together L&H and P&C
• Increased involvement of the team in Olympus
• Build knowledge around IFRS 17
DRAFT 04/02/2022 2/2
• Willingness to challenge status quo processes and desire to implement process improvements, enforcing an environment with uncompromising controls


About the team:

Reinsurance Financial Accounting Technical provides accounting and reporting services for Property and Casualty (P&C) and Life and Health (L&H) segments within the Business Unit Reinsurance.
The Subledger Processing team coordinates and prepares the non-life and 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 Financial Accounting Technical department in Finance Reinsurance is responsible for the close process. Financial Reporting responsibility for technical P&L and Balance Sheet accounts in all economic valuations (EVM, SST, SII). Analysis of the movements, aggregation of accounting technical & business analysis and explanation to internal clients / stakeholders.


About you:

Semi Qualified Accountant with minimum of 12 years' experience in a role relevant to Accounting or Financial Reporting, with good understanding of Financial Statements.
• US-GAAP and/or IFRS trained accountant, preferably with working experience in re-/insurance.
• Experience in working in a large multi-national environment
• Ability to understand and adapt fast to complex work-flows and systems
• Ability to set priorities and keep set deadlines
• Analytical skills with the ability to deliver quality output with short deadlines and manages details without losing the sight of the big picture
• Demonstrated ability to communicate effectively and lead meetings
• Strong relationship building skill set

Ability to plan day-to-day work schedule and objectives, deals with any issues/conflicts arising and works with others to plan, organise and achieve goals.
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.
Willingness and ability to take personal ownership for day-to-day responsibilities and work without close supervision.
Can identify ways of developing self and communicates these with colleagues. Recognises when colleagues have issues, which they can help with.
Solves business problems using own initiative, within parameters of own role

Reference Code: 111935 


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