Technical accountant
Published on 05/07/2024
Arhis People Solutions
Working time
Type of contract
Professional experience
Educational level
Arhis People Solutions is your trusted partner for all your human resources needs. With a tailor made approach and a commitment to integrity, we offer comprehensive services, from recruitment to talent management.
Technical Accountant Officer
About our client
A premier reinsurance firm based in Luxembourg, this company specializes in providing innovative risk management solutions and financial protection services. It is renowned for its robust financial stability, comprehensive coverage options, and tailored reinsurance programs. The firm's expertise spans across multiple sectors, offering clients customized strategies to mitigate risks and safeguard their assets. With a strong commitment to client satisfaction and market excellence, the company leverages advanced analytics and a deep understanding of the reinsurance landscape to deliver superior service and support.
Under the direct supervision of the Technical Accountant Manager and the Chief Financial Officer the Technical Accounting Officer assists in all activities related to the reinsurance accounting and technical reporting. The Technical Accounting Officer will work in a commercial reinsurance company located in Luxembourg City. Managed by a team of 15 persons, the Reinsurance company is owned by an international banking group.
POSTE
YOUR MISSIONS
As a Technical Accounting Officer, you will work closely with the underwriting team to ensure that all technical data sourced from insurance intermediaries is complete, accurate, and processed in a timely manner. You will analyze the financial implications of existing and potential reinsurance contracts, focusing primarily on surety, financial loss, property, and liability risks from Europe and North America. Your role will involve contributing to the production of regular reinsurance performance reports to assist management in decision-making and generating reports required under Lux GAAP and Solvency II.
Specifically, you will work on:
Operational Tasks:
Collaborate with the underwriting officer, actuaries, and other team members to ensure the timely collection and correct interpretation of technical data related to the accounting of reinsurance treaties.
Work with business partners, including ceding companies and brokers, to ensure the timeliness, completeness, and accuracy of data related to mutual contracts.
Contribute to the development of internal processes to enhance efficiency and control of sourced and processed technical data.
Ensure all technical data is accurately recorded in the accounting system.
Coordinate with external auditors for statutory audits and internal auditors for compliance audits.
Monitor re/insurance debtors and creditors, process claims, and ensure the timely collection of premiums in collaboration with the underwriting and risk departments.
Ensure technical receivables are collected on time and contribute to efficient cash management in collaboration with the finance department.
Identify and report any breaches to your supervisor.
Reporting Activities:
Assist in issuing monthly technical financial reports to company management and the group.
Contribute to a comprehensive analysis of the performance of reinsurance programs and participate in producing insightful reports on the financial development of these programs against expectations and forecasts.
Contribute to statutory reporting to the insurance regulator (Solvency I and Solvency II) and reporting to the rating agency.
PROFIL
YOUR PROFILE
Background and Technical Skills
Education: Minimum Bac +3/college degree (or equivalent) with additional professional qualification or training in accounting.
Experience: At least 5 years of experience as an accountant in a Luxembourg-based company, with a solid understanding of Lux GAAP accounting principles.
Additional Knowledge: Familiarity with insurance and/or reinsurance contract rules under Lux GAAP, US GAAP, and/or IFRS is an asset.
Industry Insight: Understanding the legal wording of insurance and reinsurance contracts and knowledge of the Luxembourg (re-)insurance industry is advantageous.
Preferred Skills
Communication: Strong communication skills.
Personal Traits: Analytical, IT-savvy, data solution-oriented, forward-thinking, initiative-taking, dynamic, striving for excellence, and culturally aware.
Relevant Experience: 2-3 years minimum experience in a similar role within an insurance or reinsurance company in a country subject to the Solvency II Directive or equivalent regulatory legislation. Alternatively, relevant experience in a captive management company or an accounting firm providing services for insurance/reinsurance companies.
Teamwork: Ability to work effectively in a small to medium-sized team within a large group.
Languages
English and French: Mandatory, with at least a C1 level in both oral and written communication.
IT Skills
Accounting Systems: Substantial working experience with at least one accounting IT system; experience with BOB 50 is an asset.
MS Office and Excel: Advanced knowledge.
Your Experience at Arhis People Solutions
To ensure your profile aligns with our positions, we guide you through a comprehensive recruitment process, including individual interviews, assessment centers, personality and motivation questionnaires, and coaching sessions conducted by certified coaches within our team.
Rest assured, we meticulously review all received applications, even those confirmed automatically upon receipt.
Your profile will be assessed by a consultant specialized in your field of expertise.
We are listening to your needs, we keep you informed and advise you throughout the recruitment process until your integration with our client. We are committed to offering you our expertise to ensure the success of your future professional project.
Technical Accountant Officer
About our client
A premier reinsurance firm based in Luxembourg, this company specializes in providing innovative risk management solutions and financial protection services. It is renowned for its robust financial stability, comprehensive coverage options, and tailored reinsurance programs. The firm's expertise spans across multiple sectors, offering clients customized strategies to mitigate risks and safeguard their assets. With a strong commitment to client satisfaction and market excellence, the company leverages advanced analytics and a deep understanding of the reinsurance landscape to deliver superior service and support.
Under the direct supervision of the Technical Accountant Manager and the Chief Financial Officer the Technical Accounting Officer assists in all activities related to the reinsurance accounting and technical reporting. The Technical Accounting Officer will work in a commercial reinsurance company located in Luxembourg City. Managed by a team of 15 persons, the Reinsurance company is owned by an international banking group.
POSTE
YOUR MISSIONS
As a Technical Accounting Officer, you will work closely with the underwriting team to ensure that all technical data sourced from insurance intermediaries is complete, accurate, and processed in a timely manner. You will analyze the financial implications of existing and potential reinsurance contracts, focusing primarily on surety, financial loss, property, and liability risks from Europe and North America. Your role will involve contributing to the production of regular reinsurance performance reports to assist management in decision-making and generating reports required under Lux GAAP and Solvency II.
Specifically, you will work on:
Operational Tasks:
Collaborate with the underwriting officer, actuaries, and other team members to ensure the timely collection and correct interpretation of technical data related to the accounting of reinsurance treaties.
Work with business partners, including ceding companies and brokers, to ensure the timeliness, completeness, and accuracy of data related to mutual contracts.
Contribute to the development of internal processes to enhance efficiency and control of sourced and processed technical data.
Ensure all technical data is accurately recorded in the accounting system.
Coordinate with external auditors for statutory audits and internal auditors for compliance audits.
Monitor re/insurance debtors and creditors, process claims, and ensure the timely collection of premiums in collaboration with the underwriting and risk departments.
Ensure technical receivables are collected on time and contribute to efficient cash management in collaboration with the finance department.
Identify and report any breaches to your supervisor.
Reporting Activities:
Assist in issuing monthly technical financial reports to company management and the group.
Contribute to a comprehensive analysis of the performance of reinsurance programs and participate in producing insightful reports on the financial development of these programs against expectations and forecasts.
Contribute to statutory reporting to the insurance regulator (Solvency I and Solvency II) and reporting to the rating agency.
PROFIL
YOUR PROFILE
Background and Technical Skills
Education: Minimum Bac +3/college degree (or equivalent) with additional professional qualification or training in accounting.
Experience: At least 5 years of experience as an accountant in a Luxembourg-based company, with a solid understanding of Lux GAAP accounting principles.
Additional Knowledge: Familiarity with insurance and/or reinsurance contract rules under Lux GAAP, US GAAP, and/or IFRS is an asset.
Industry Insight: Understanding the legal wording of insurance and reinsurance contracts and knowledge of the Luxembourg (re-)insurance industry is advantageous.
Preferred Skills
Communication: Strong communication skills.
Personal Traits: Analytical, IT-savvy, data solution-oriented, forward-thinking, initiative-taking, dynamic, striving for excellence, and culturally aware.
Relevant Experience: 2-3 years minimum experience in a similar role within an insurance or reinsurance company in a country subject to the Solvency II Directive or equivalent regulatory legislation. Alternatively, relevant experience in a captive management company or an accounting firm providing services for insurance/reinsurance companies.
Teamwork: Ability to work effectively in a small to medium-sized team within a large group.
Languages
English and French: Mandatory, with at least a C1 level in both oral and written communication.
IT Skills
Accounting Systems: Substantial working experience with at least one accounting IT system; experience with BOB 50 is an asset.
MS Office and Excel: Advanced knowledge.
Your Experience at Arhis People Solutions
To ensure your profile aligns with our positions, we guide you through a comprehensive recruitment process, including individual interviews, assessment centers, personality and motivation questionnaires, and coaching sessions conducted by certified coaches within our team.
Rest assured, we meticulously review all received applications, even those confirmed automatically upon receipt.
Your profile will be assessed by a consultant specialized in your field of expertise.
We are listening to your needs, we keep you informed and advise you throughout the recruitment process until your integration with our client. We are committed to offering you our expertise to ensure the success of your future professional project.
