Premium Accounting Specialist I

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open Premium Accounting Specialist I position. This is a Full-Time role within the SO – Accounting 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

For Hannover Life Re and Hannover Re TPA clients, performs the premium administration for assumed client companies. Establishes accurate reporting for premiums, policy exhibit data, statutory and tax reserves. Reviews experience refunds, brokerage fees and premium tax reimbursements and adjusts as appropriate for final reports. Effectively communicates with internal and external clients and serves as a subject matter expert for assigned companies.

Essential Functions: 

• (75%) Analyzes, prepares and inputs client company premium, inforce and reserve information by using treaty, statutory and IFRS guidelines. Ensures that the client data is reasonable and accurate, including communication with internal and external clients to resolve inconsistencies and errors. Identifies and clears suspense items in a timely manner. This information is used in the preparation of monthly and quarterly financial reporting.
• (15%) Builds productive working relationships with client companies to understand client data and business assumed to resolve variances and inconsistencies in data received. Initiates communications with clients to resolve complex problems and determine best practices for reporting assumed business using treaty and industry knowledge. Provides accurate data for inclusion in financial reports.
• (5%) Acts as subject matter expert. Participates in special projects (such as variance analysis and premium accrual work, etc.), recommends solutions and communicates significant results to management and other team members to improve accuracy of financial reports.
• (5%) Adheres to MAR compliance protocol. Identifies areas to improve efficiency and provides recommendations to management for constructive changes in procedures and processes to improve internal controls, department efficiency and audit compliance.

You come equipped with

Competencies:

• Manages Complexity
• Drives Results
• Self-development
• Customer Focus
• Communicates Effectively

Essential knowledge, skills, and abilities:

• BA degree in Accounting or related field
• 0 – 2 years’ experience with Degree; if no Degree, 3 – 4 years of relevant work experience.
• Ability to work independently in a team environment and manage internal and external demands of position with only minimal supervision.
• Strong analytical skills with attention to detail
• Ability to review and analyze business reports
• Ability to exercise sound discretion with regards to decision-making and resolving non-standard situations independently
• Professional written and verbal communication skills
• Strong internal and external customer service skills
• Strong computer skills and willingness to learn new applications
• Basic MS Office: Word
• Intermediate MS Office: Excel
• Experience with using the internet and e-mail

Desired knowledge, skills, and abilities:

• Life reinsurance/insurance knowledge preferred
• LOMA designationAbility to manage and prioritize multiple tasks
• Ability to offer leadership through directions and actions
• Technical aptitude and willingness to learn related skills
• Project participation and leadership in various business or technical projects

Travel: 

• None

Total Compensation (Inclusive of Base + Bonus):

• $71,000 - $96,000

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

Hannover Life Reassurance Company of America (Hannover Re) seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.

We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, email View email address on us.fitly.work. Please allow for 24 hours to process your request.

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