Life Reinsurance Operations Specialist (m/f/d)
New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurer founded in Zurich in 1926. As a company within the Munich Re Group, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of intelligent reinsurance products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty products. Our clients highly appreciate our swift and pro-active approach when responding to their needs and market developments.
Reporting to the Head of RI Operations, the successful candidate will become part of a specialized team that is responsible for cross-functional life reinsurance back-office processes, including accounting, reporting, and communication aspects. Our reliability and the cooperation with our globally acting market experts, who are specialized in non-traditional life and variable annuities reinsurance solutions, are the keys to our success.
Your responsibilities
1. Process statements of account including consistency checks
2. Produce booking orders (via upload files) and assist corresponding cash flow monitoring
3. Agree and monitor deliverables and deadlines with external & internal stakeholders
4. Support quarterly closing processes including controls and other regular reporting activities
5. Establish, maintain, improve, and document cross-functional accounting and reporting processes
Your profile
1. Bachelor's Degree in a related field or equivalent education
2. Minimum of 3 years’ experience in life reinsurance and treaty life-cycle management
3. Strong client responsiveness and ability to communicate with clients and stakeholders all over the world
4. Knowledge of IFRS17 and IFRS9 accounting standards and the corresponding accounting treatment
5. Sound knowledge of life insurance products and of SAP FS-RI or similar reinsurance treaty administration system would be a plus
6. Decent analytical and organizational skills
7. Sound Excel knowledge, additional software knowledge (e.g., VBA, PowerQuery, PowerBI, or R+) desirable
8. Ability to work independently, reliably, and consistently
9. Team player with good communication skills
10. Valuing and promoting an inclusive working and learning environment
11. Fluent in English and German
Our employees are our greatest asset. We therefore offer them a wide range of benefits and a modern working model appreciating its positive impact on our business achievements and personal well-being:
1. Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better
2. Compensation: our commitment to equal treatment of all employees is reflected in our pay practice that has been awarded the attestation for equal pay by Willis Towers Watson (following the Swiss Federal Act on Gender Equality)
3. Work-life balance: promoting the compatibility of family and work throughout a flexible hybrid working model
4. Continuous learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
5. Health management: focus on your physical and mental health far beyond legal requirements
To learn more about us, check out www.newre.com. If you embrace challenges and want to grow with our customers and partners, we look forward to receiving your application.
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