Financial Analyst, 3255

About the role

This is a Full-Time role within the CSS – Financial Reporting & Valuation department.

Responsibilities

• Conduct in-depth analysis of client reported electronic data to ensure accuracy and timeliness in accordance with treaty guidelines.
• Communicate information about client issues and unusual reporting trends with actual or potential financial consequences to appropriate stakeholders.
• Prepare quarterly Statutory, IFRS and Solvency II financial reporting for assigned accounts.

Cash Reporting, Client Data, and Analysis

• Develop understanding of treaty guidelines specific to assigned treaties to determine expectations of both parties.
• Conduct analysis of client reported data to determine accuracy in accordance with treaty guidelines.
• Investigate deviations and/or errors and determine appropriate resolutions.
• Liaise with clients to understand and/or correct reporting deviations and/or errors.
• Communicate actual or potential financial consequences or business risks to appropriate stakeholders to ensure accurate financial reporting.
• Calculate and analyze Experience Refunds and Loss Carry Forwards.
• Accurately record details of all client reporting using various company business systems to ensure the validity of the department’s financial reports.
• Analyze Trend Reports for reasonability and balance checks.

Statutory, IFRS and Solvency II Financial Reporting

• Prepare and analyze quarterly Statutory, IFRS and Solvency II financial reports for assigned assumed Health Solutions reinsurance treaties and related retrocessions to ensure accurate and timely reporting.
• Provide clear explanations for reporting period variances.
• Work closely with financial reporting and actuarial teams during the reporting process to ensure amounts recorded are accurate.
• Prepare financial workpaper documentation and schedules as required for external auditors during the quarterly review and annual audit process to substantiate compliance with local and IFRS reporting standards.

Audit of problematic accounts

• Independently analyze and identify client reporting inconsistencies to implement corrections.
• Propose procedures to improve processing inefficiencies.

Competencies

• Manages complexity
• Communicates effectively
• Manages ambiguity
• Action oriented
• Financial acumen

Essential Knowledge, Skills, and Abilities

• College degree from an accredited institution in accounting or a related field.
• Minimum 5 years of experience in an insurance-related field.
• Business knowledge of (re)insurance concepts.
• Excellent verbal, written and interpersonal skills for establishing and maintaining professional client, reinsurer and internal relationships.
• Intermediate Microsoft Office skills (Word, PowerPoint, Outlook); Intermediate/Advanced Microsoft Office skills (Excel); Competence in SAP, Power BI or equivalent systems.
• Strong organizational and analytical skills with attention to detail.
• Ability to manage and prioritize workload effectively according to contractual obligations, volume, and/or urgency.
• Ability to act and operate independently with minimal daily direction from manager to accomplish objectives.
• Provides accurate and timely updates on status of work and escalates issues appropriately.
• Takes responsibility for quality, completeness and accuracy of work.

Desired Knowledge, Skills, and Abilities

• Knowledge of Health and Special Risk reinsurance practices and principles.
• Industry relevant designations.
• Ability to conduct quantitative and qualitative analysis with large data sets.
• Knowledge of systems and data structures, with applicability towards (re)insurance operations.

Travel

Pay

$82,900 – $112,100 (inclusive of Base + Bonus)

Benefits

• Comprehensive medical, dental, and vision
• Paid Time Off (PTO)
• Company provided life insurance and disability benefits
• 401(k) and profit sharing
• Additional ancillary benefits available