Hannover Re

Financial Analyst

Hannover Re$82K — $112K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • College degree in accounting or related field
  • Minimum 5 years in insurance-related field
  • Business knowledge of (re)insurance concepts
  • Excellent communication skills for professional relationships
  • Intermediate/Advanced Microsoft Office skills, especially Excel
  • Strong organizational and analytical skills with attention to detail
  • Ability to work independently and manage workload effectively

Responsibilities

  • Conduct in-depth analysis of client reported data for accuracy
  • Investigate and resolve reporting deviations and errors
  • Prepare quarterly Statutory, IFRS, and Solvency II financial reporting
  • Communicate financial consequences or risks to stakeholders
  • Analyze trend reports for reasonability
  • Prepare documentation for external auditors during financial reviews
  • Analyze problematic accounts to implement corrections and improve processes

Benefits

  • Comprehensive medical, dental, and vision coverage
  • Paid Time Off (PTO)
  • Company provided life insurance and disability benefits
  • 401(k) and profit sharing
  • Additional ancillary benefits available
Full Job Description
This is a Full-Time role within the CSS - Financial Reporting & Valuation department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

You can look forward to

Job Summary: Responsible for conducting in-depth analysis of client reported electronic data to ensure it is accurate and timely in accordance with treaty guidelines. Communicates information about client issues and unusual reporting trends with actual or potential financial consequences to the appropriate stakeholders. Prepare quarterly Statutory, IFRS and Solvency II financial reporting for assigned accounts.

Essential Functions:

(45%) Cash Reporting, Client Data, and Analysis
  • Develops an understanding of treaty guidelines specific to assigned treaties to determine expectations of both parties.
  • Conducts analysis of client reported data to determine accuracy in accordance with treaty guidelines.
  • Investigates any deviations and/or errors and determines appropriate resolutions. Liaises with clients to understand and/or correct reporting deviations and/or errors.
  • Communicates actual or potential financial consequences or business risks to the appropriate stakeholders to ensure accurate financial reporting.
  • Calculates and analyses Experience Refunds and Loss Carry Forwards.
  • Accurately records details of all client reporting using various company business systems to ensure the validity of the department's financial reports.
  • Analyses Trend Reports for reasonability and balance checks.


(45%) Statutory, IFRS and Solvency II Financial Reporting
  • Prepare and Analyze the quarterly Statutory, IFRS and Solvency II financial reports for assigned assumed Health Solutions reinsurance treaties and related retrocessions to ensure accurate and timely reporting.
  • Provide clear explanations for reporting period variances. Work closely with financial reporting and actuarial teams during the reporting process to ensure amounts recorded are accurate.
  • Prepare financial workpaper documentation and schedules as required for external auditors during the quarterly review and annual audit process to substantiate compliance with local and IFRS reporting standards.


(10%) Audit of problematic accounts
  • Independently analyzes and identifies client reporting inconsistencies to implement corrections.
  • Proposes procedures to improve processing inefficiencies.


You come equipped with

Competencies:

  • Manages complexity
  • Communicates effectively
  • Manages ambiguity
  • Action oriented
  • Financial acumen


Essential Knowledge, Skills, and Abilities:

  • College Degree from an accredited institution in accounting or a related field.
  • Minimum 5 years of experience in an insurance-related field.
  • Business knowledge of (re)insurance concepts
  • Excellent verbal, written and interpersonal skills for establishing and maintaining professional client, reinsurer and internal relationships
  • Intermediate Microsoft Office skills (Word, PowerPoint, Outlook); Intermediate/Advanced Microsoft Office skills (Excel); Competence in SAP, Power BI or equivalent systems
  • Strong organizational and analytical skills with attention to detail
  • Ability to manage and prioritize workload effectively according to contractual obligations, volume, and/or urgency
  • Ability to act and operate independently with minimal daily direction from manager to accomplish objectives
  • Provides accurate and timely updates on status of work and escalates issues appropriately
  • Takes responsibility for quality, completeness and accuracy of work


Desired Knowledge, Skills, and Abilities:

  • Knowledge of Health and Special Risk reinsurance practices and principles
  • Industry relevant designations
  • Ability to conduct quantitative and qualitative analysis with large data sets
  • Knowledge of systems and data structures, with applicability towards (re)insurance operations


Travel:

  • < 5% - client visits or travel to/from the Orlando office, depending on remote location


Compensation (Inclusive of Base + Bonus):

  • $82,900 - $112,100

Benefits Include:
- Comprehensive medical, dental, and vision
- Paid Time Off (PTO)
- Company provided life insurance and disability benefits
- 401(k) and profit sharing
- Additional ancillary benefits available

We will accept applications until a candidate has been identified and selected to fill this position.

About Hannover Re

Hannover Re is a reinsurance company based in Hannover, Germany. It was founded in 1966 and is one of the largest reinsurance companies in the world. The company provides a range of reinsurance products and services to clients in more than 150 countries. Hannover Re operates through two business segments: Property & Casualty and Life & Health. The company's Property & Casualty segment offers reinsurance products for various lines of business, including aviation, marine, and energy. Its Life & Health segment provides reinsurance products for life and health insurance companies. Hannover Re is listed on the Frankfurt Stock Exchange and is a component of the MDAX index.
Learn more about Hannover Re
Size
32,000 employees
Industry

Similar Jobs

More Jobs at Hannover Re

  • Hannover Re
    Sr Actuary
    $113K — $205K *
    Orlando, FL 32828 (Orange County)
    Finance & Insurance
    In-Person
  • Hannover Re
    Financial Analyst
    $82K — $112K *
    Orlando, FL 32828 (Orange County)
    Finance & Insurance
    In-Person
  • Hannover Re
    AVP, Actuary
    $166K — $225K *
    Orlando, FL 32828 (Orange County)
    Finance & Insurance
    In-Person
  • Hannover Re
    Senior Actuary
    $100K — $130K *
    Toronto, ON M3C 0E3
    Finance & Insurance
    In-Person

More Finance & Insurance Jobs

Find similar Financial Analyst jobs: