Financial Analyst

Select how often (in days) to receive an alert: Hannover Re – as one of the world’s leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow. Our strength? Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products. Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next. Sounds good? Get to know us as a reliable employer and find your place with us. Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open Financial Analyst position. 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 analyzes 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 Manages complexity Action oriented 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 Ability to conduct quantitative and qualitative analysis with large data sets Knowledge of systems and data structures, with applicability towards (re)insurance operations Travel: 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 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 click.appcast.io. 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. #J-18808-Ljbffr Hannover Re