Premium Accounting Specialist I

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:

• 50% - 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.
• 30% - 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.
•  10% - 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.
• 10% - 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 designation
• Ability 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:

• No travel required

Total Compensation (Inclusive of Base + Bonus):

• $64,000 - $86,600