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Location: 

Bangalore, KA, IN

 

Senior Accountant I 

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:

  • Responsible for the accurate implementation of Non-Life IGR contracts within our finance system landscape and testing thereof
  • Coordinating timelines of quarterly financial production of Non-proportional Non-Life IGRs
  • Production and timely submission of Non-proportional Non-Life IGR financial statements
  • Responsible for the quarterly reporting to all counterparties
  • Responsible for the quarterly payments in collaboration with Treasury
  • Analyse quarterly financial statements in respect of accuracy and completeness
  • Support the overall IGR process management
  • Ad hoc support in providing expert reports and analysis to our key stakeholders
  • Perform other position related tasks as instructed by Supervisor
  • Provide guidance and review of Junior team member's work

Other

  • 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.

 

About you:

  • Qualified Chartered Accountant with minimum 7 years' experience in a role relevant to Accounting or Financial Reporting, with good understanding of Profit & Loss and Balance Sheet
  • Experience in working in a complex process environment
  • Experience in working in cross-functional teams
  • Experienced with accounting / reporting systems
  • 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

Insurance or reinsurance accounting experience preferred

 


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Reference Code: 88882