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Bratislava, SK

Senior Business Analyst


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.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 13,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?


About the Role:


The Olympus Programme is a multi-year program, which will transform and harmonize the financial accounting and reporting platform and operating model for the three Swiss Re Business Units: Reinsurance, Corporate Solutions and IptiQ. The programme consists of a number of projects including financial reporting and analysis, one common general ledger (SAP) and a market leading approach to multi-valuation insurance accounting (SAP Financial Products Sub-Ledger – FPSL). Using this groundbreaking technology we are enabling the implementation of both the IFRS Local and Group Financial reporting as well as other integrated valuations. We are a global and highly motivated team that takes pride in being innovative and delivering the highest quality, applying a Scaled Agile approach. Would you like to make a difference in the re/insurance industry? Then this is the place to be.


Your main responsibilities:


  • Translation of accounting standard requirements into IT requirements; with a current focus on IFRS 17
  • Negotiation of business requirements with group accounting partners
  • Specify financial statement reports based on SAP FPSL data model
  • Specify general ledger account mappings based on SAP FPSL data model
  • Configuration of SAP FPSL system according to elicited requirements
  • Support the development of automated unit test cases
  • Collaborate closely with other project teams to develop solutions or support problem resolution
  • Analyse accounting results and identify error pattern in large data volume
  • Ensure timely and high-quality delivery of user stories as prioritized in the backlog
  • Support any end-to-end integration testing of FPSL
  • Nurture knowledge transfer to run organisation and collect their input/feedback


About the Team:


As part of the Olympus Programme you will have the opportunity to be a part of a Finance software implementation that has become the new industry standard for (Re)Insurance. As a Senior Business Analyst within (Re) Insurance Accounting, you will be a member of a multidisciplinary team consisting of Accounting and Actuarial Business Experts, an information Architect, Business Analysts and Developers. The team will be responsible for the design, implementation and testing of an efficient and effective end-to-end system and process. Within this team you´ll be focussing on the implementation/configuration/testing of accounting Deltas generation and (re)insurance accounting across all valuations for all types of traditional L&H or P&C business, with main focus on the development of an IFRS17 compliant accounting treatment.


About you:


Business and accounting understanding


  • Firm understanding of (re)insurance accounting business requirements and ability to document and communicate them effectively with business owner(s), stakeholders and team members
  • Good understanding of IFRS 17 financial statements & disclosures
  • Evaluates potential solutions to ensure requirements are aligned with the accounting standards and can be implemented/configured in the SAP FPSL landscape


System knowledge and project experience


  • Experience with IFRS 17 implementation projects
  • Prior implementation of a sub-ledger preferred; experience with configuration of a standard accounting solution - preferably on an SAP platform (e.g. SAP Bank Analyzer, FPSL, Accounting for Insurance Contracts)
  • Engaged participation in the agile project delivery (sprint planning, JIRA, retrospective, etc.) following a DevOps approach




  • Experience with testing SAP FPSL or Bank Analyzer-based solutions
  • Can formulate and document test cases to ensure we can meet specified business requirements
  • Can effectively execute tests, reconciliation and root cause analysis to understand why results are not as expected and follow-up on them accordingly


Personal skills


  • Great teammate with a high degree of personal accountability
  • Strong delivery focus as well as analytical capabilities
  • Ability to work under pressure and to cope with peak time
  • Problem solving demeanor: ability to break-down complex issues into relevant details and solvable actions


Did we catch your attention? We look forward to your application!


Minimum base salary for this job from 2500 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.


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, or disability status.

Reference Code: 101265 


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