Job Description
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. Responsibilities Reconcile reinsurance transactions, including premiums, claims, commissions, and reserves for Assumed and Ceded business Ensure accurate and timely recording of reinsurance-related journal entries in compliance with IFRS/GAAP standards Analyze and interpret ceded and assumed reinsurance account activity to ensure timely payment or collection activities Prepare and review reinsurance-related reports, documents, statements and accounting summaries for internal and external stakeholders Support month-end, quarter-end, and year-end close processes, ensuring compliance with deadlines and accuracy Assist in preparing monthly reporting and presentations for internal stakeholders Analyze reinsurance contracts to ensure proper accounting treatment and compliance with regulatory and internal guidelines Collaborate with legal and underwriting teams to interpret contract terms Perform account reconciliations for reinsurance balances, ensuring discrepancies are identified and resolved promptly Maintain and enhance internal controls over reinsurance accounting processes Identify opportunities to improve efficiency and accuracy in reinsurance accounting processes Participate in system upgrades, testing, and implementation of new tools to support reinsurance accounting Act as a liaison between accounting, underwriting, and claims teams to ensure alignment on reinsurance matters Provide guidance and mentorship to junior team members and support their development Skills 1-3 years experience in Reinsurance Accounting or related Insurance Premium and Claims Accounting Relationship building Team lead experience Financial Skills Relationship Management with other AOM Functions Insurance and Reinsurance Skills Bachelor's Degree in Accounting Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making Benefits Annual performance-based cash incentive awards Generous bonus scheme Pension Private healthcare Generous parental leave benefits Company Overview Allianz 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