Reinsurance Operations Expert

Allianz Commercial is a center of expertise for Allianz Group, focusing on insuring mid-sized businesses and large enterprises. They are seeking a Reinsurance Operations Expert to manage complex accounting tasks related to reinsurance, ensuring compliance with internal policies and accounting standards while supporting financial reporting.ResponsibilitiesReconcile reinsurance transactions, including premiums, claims, commissions, and reserves for Assumed and Ceded businessEnsure accurate and timely recording of reinsurance-related journal entries in compliance with IFRS/GAAP standardsAnalyze and interpret ceded and assumed reinsurance account activity to ensure timely payment or collection activitiesPrepare and review reinsurance-related reports, documents, statements and accounting summaries for internal and external stakeholdersSupport month-end, quarter-end, and year-end close processes, ensuring compliance with deadlines and accuracyAssist in preparing monthly reporting and presentations for internal stakeholdersAnalyze reinsurance contracts to ensure proper accounting treatment and compliance with regulatory and internal guidelinesCollaborate with legal and underwriting teams to interpret contract termsPerform account reconciliations for reinsurance balances, ensuring discrepancies are identified and resolved promptlyMaintain and enhance internal controls over reinsurance accounting processesIdentify opportunities to improve efficiency and accuracy in reinsurance accounting processesParticipate in system upgrades, testing, and implementation of new tools to support reinsurance accountingAct as a liaison between accounting, underwriting, and claims teams to ensure alignment on reinsurance mattersProvide guidance and mentorship to junior team members and support their developmentSkills1-3 years experience in Reinsurance Accounting or related Insurance Premium and Claims AccountingRelationship buildingTeam lead experienceFinancial SkillsRelationship Management with other AOM FunctionsInsurance and Reinsurance SkillsBachelor's Degree in AccountingExperience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-makingBenefitsAnnual performance-based cash incentive awardsGenerous bonus schemePensionPrivate healthcareGenerous parental leave benefitsCompany OverviewAllianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. It was founded in undefined, and is headquartered in , with a workforce of 1001-5000 employees. Its website is https://www.commercial.allianz.com/.