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ILS Middle Office Reinsurance Accountant

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Schroders

3mo ago

  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Banking & Finance
  • Zurich

AI generated summary

  • You need a business/finance degree, 5+ years in reinsurance accounting, knowledge of non-proportional/quota share contracts, strong Excel skills, and fluency in English; German is a plus.
  • You will support reinsurance accounting, manage transaction lifecycles, analyze data for reporting, assist with collateral management, and collaborate on operational improvements and projects.

Requirements

  • Bachelor’s degree in business, finance, accounting or a related area
  • Successful completion of industry professional designations preferable, such as CPCU, AIAF or ARe
  • At least 5 years reinsurance accounting experience required
  • Experience in Finance and/or Reinsurance industry or equivalent combination of training and experience
  • Knowledge of various forms of reinsurance, specifically to non-proportional and quota share contracts
  • Application and calculation of reinsurance contract terms
  • Ability to disseminate claims and loss reporting
  • Strong knowledge of MS Office (Excel, Word), MS PowerBI is a plus
  • Deadline driven and the ability to work under pressure
  • Excellent research and analytical skills, robust financial reconciliation skills
  • Team player and having the ability to take ownership of the task at hand
  • Fluent in English, German is a plus

Responsibilities

  • Provide operational and reinsurance accounting support to the Insurance Linked Securities team
  • Managing private reinsurance transactions lifecycle activities (trade and payment execution, liaison with Schroders and external counterparts to transaction management, review of reinsurance accounting entries which includes reinsurance premium and claims accounting)
  • Ensure the monitoring, control & oversight of the operational and accounts administration of various reinsurance entities
  • Analysis, control and management of data for internal and external reporting
  • Liaise and closely cooperate with the insurance managers on reserving and trustee related tasks which includes support with collateral management (trust funding, KYC, monitoring of trustee counterparty limits and fees, trapped collateral and collateral roll-over computations)
  • Participate and support projects, implement operational changes, process developments and product onboardings
  • Ensure smooth interfacing with all relevant Schroders Group operational counterparties
  • The above is not an exhaustive list of duties and you will be expected to perform different tasks as necessitated by your evolving role within Schroders

FAQs

What is the main focus of the ILS Middle Office Reinsurance Accountant role?

The main focus of the role is to provide operational and reinsurance accounting support to the Insurance Linked Securities team, managing private reinsurance transactions, and ensuring oversight of various reinsurance entities.

What qualifications are required for this position?

A Bachelor’s degree in business, finance, accounting, or a related area is required, along with at least 5 years of reinsurance accounting experience and preferably successful completion of industry professional designations such as CPCU, AIAF, or ARe.

Is knowledge of specific reinsurance concepts important for this role?

Yes, knowledge of various forms of reinsurance, specifically non-proportional and quota share contracts, as well as the application and calculation of reinsurance contract terms, is important.

What technical skills are necessary for this position?

Strong knowledge of MS Office, particularly Excel and Word, is necessary; familiarity with MS PowerBI is a plus.

What languages are preferred for candidates applying for this job?

Fluency in English is required, and proficiency in German is a plus.

What are the working conditions like at Schroders in Switzerland?

The working environment is diverse and supportive, with modern employment conditions in a dynamic and entrepreneurial setting. The office is located only 10 minutes from Zurich main station.

Are there opportunities for professional development and project involvement in this role?

Yes, you will have the opportunity to participate and support projects, implement operational changes, and contribute to process developments and product onboardings.

How does Schroders approach diversity and inclusion?

Schroders prioritizes diversity of thought facilitated by an inclusive culture, making it a strategic priority. They are committed to being an equal opportunities employer.

What is the work schedule like for this position?

The position offers a full-time workload (100%) and allows for flexible working from home arrangements in a hybrid format.

Where should applicants send their applications?

Applicants should apply online with their complete application, directed to Schroders Investment Management (Switzerland) AG, People & Culture / Talent Acquisition, at Talstrasse 11, 8001 Zurich, Switzerland.

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Schroders

Finance
Industry
5001-10,000
Employees
1804
Founded Year

Mission & Purpose

As a global investment manager, we help institutions, intermediaries and individuals across the planet meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients. Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £737.5 billion (€831.3 billion/$887.2 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 6,100+ people across six continents who focus on doing just this. We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over two centuries and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests.