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Location: 

Toronto, ON, CA

Technical Accountant

 


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 Team:

The Toronto Technical Accounting team is part of the larger North American Technical Accounting team. We combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients.

About the Role

This position is responsible for the accurate and timely administration of any assumed individual life or health products for assigned client companies. With both ad hoc data analysis tools and Swiss Re reinsurance administration systems.   

You will be responsible for performing reasonable checks for both premium and policy data quality and manages cash allocations and disbursements. Where applicable, for booking policy level data for use by Actuarial Management (AM), Inforce Management (IFM) and Finance for purposes of regulatory & financial reporting along with managing the overall inforce block of business.

Your expertise will be required to maintain policy master information, where applicable, and assures treaty compliance on all records and reports, including inputs to the management of Swiss Re’s retention. The candidate will support the Claim Process through building of claim skeleton records as needed. Incumbent will have contact with clients and will work with other departments to assist in servicing client accounts. at this level may get some exposure to working with the more complex and high profile accounts.

 

Responsibilities

  • Process client's files, electronic or otherwise, using Swiss Re's Message Management system or comparable Swiss Re system. Analyze output to resolve all exceptions. Work with stakeholders like Data Management (DM), Client Accounting Services (CAS) and Quality Assurance (QA), as needed, to identify and suggest needed changes to client's systems and data reported on client's files. Ensure the quality of financial and policy data contained in Swiss Re systems for use by all stakeholders. 50%
  • Accountable for thorough reconciliation and analysis of client's policy and financial data files ensuring, where applicable, Swiss Re's segmentation is in alignment with the client's file. Timely escalates material financial, policy volume/risk variances, or noticeable deviations to anticipated trends to QA, management and appropriate stakeholders. Often requires timely collaboration with client to review and resolve issues. 20%
  • Maintains strong relationships with external clients. 10%
  • Reviews reported claims to determine whether Swiss Re is on the risk for all applicable claims (examples include death, WOP and CI claims) and to determine that premiums are paid to a current date. Where applicable, builds skeletal records and establishes claim liability via building of claim records, under the correct treaty and pricing segment. 10%
  • Assists, where appropriate, with the preparatory account deep dives and client onsite reviews. Supports client reviews through timely premium validation investigations. Demonstrates the ability to rapidly gain an understanding of the client's systems and processes. 5%
  • Accountable for premium collection and cash flow management for assigned accounts. Escalates delinquencies in accordance with business guidelines. Ensure unallocated cash remains current within predetermined targets and promptly reports all outliers to management along with supporting documentation for actions taken to date. Manage assigned retrocession billing and collection duties. 5%
  • Assists other departments, including claims, underwriting, sales, actuarial, and treaty with administrative functions
  • Contribute to cross-functional global projects, as needed.
  • Quarterly completion of the OET providing support for aged and incomplete cash receipts and unsettled balances.

About You:

  • Associate's degree or equivalent experience in an Accounting/Finance related field; or 1-2 years related experience, in a reinsurance/ insurance environment
  • General understanding of reinsurance terms and conditions; demonstrated knowledge of reinsurance types and risk transfer concepts.
  • Analytical and problem-solving skills. Ability to look at problems or situations from a new point of view and suggest creative solutions
  • Possesses a strong knowledge of computer fundamentals. Takes full advantage of computer programs and automation.
  • Uses office tools to enhance productivity. (Word, Excel, Power Point and Access). Including the use of pivot tables, v-lookups, etc. Skill level should be evident from experience and past projects.
  • Willing to learn new tools/applications and ability to apply knowledge to new situations.
  • Organizational and time management skills; ability to handle multiple priorities
  • Self-motivated and willing to volunteer to assist others
  • Interpersonal skills for working internally across departments, as well as with clients.
  • Effectively manages multiple assignments, adapts to changing priorities and is able to work independently or as part of a team
  • Question's inconsistencies in information and generates workable solutions by analyzing, gathering and organizing relevant information
  • After initial training period, ability to act independently. Ability to apply training to different situations.
  • Strong analytical, time management and organizational skills
  • Effectively expresses ideas and conveys information in business writing, conversations and interactions with others.
  • Pays close attention to detail and ensures work and information are complete and thorough
  • Insurance and reinsurance experience/knowledge preferred.
  • Take and pass two LOMA course within the first 12 months; continual progression to acquire LOMA/ARA designation

 

 

The Company is an equal opportunity employer. It is the practice of the Company to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.


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Reference Code: 107356 


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