Sr Financial Analyst

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open Sr Financial Analyst position. This is a Full-Time role within the CSS – Financial Reporting & Valuation department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

You can look forward to

Job Summary: Responsible for the quarterly Statutory, IFRS and Solvency II financial reporting for assigned complex accounts. Conducts in-depth analysis of client reported electronic data to ensure it is accurate and timely in accordance with treaty guidelines. Communicates information about client issues and unusual reporting trends with actual or potential financial consequences to the appropriate stakeholders. Could include supervisory responsibilities.

Essential Functions:
(40%) Statutory, IFRS and Solvency II Financial Reporting

• Prepare and analyze quarterly Statutory, IFRS and Solvency II financial reports for assigned complex assumed reinsurance treaties and related retrocessions to ensure accurate and timely reporting.
• Provide clear explanations for reporting period variances. Work closely with the actuarial teams during the reporting process to ensure amounts recorded are accurate.
• Prepare financial workpaper documentation, schedules, and reconciliations as required for internal and Hannover Office deliverables as well as external audit to substantiate compliance with local and IFRS reporting standards.
• Consolidate and reviews asset data for structured market categories to facilitate risk monitoring.
• Perform forecast upload and review to support the quarterly reporting cycle.
• Review and ensure the financial reporting prepared by direct reports is accurate (if applicable).

(30%) Cash Reporting and Analysis

• Develop an 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.
• Communicate actual or potential financial consequences or business risks to the appropriate stakeholders to ensure accurate financial reporting.
• Maintain reconciliations files in accordance with the company policies and audit requirements.
• Accurately record details of all client reporting using various company business systems to ensure accurate financial reporting.
• Analyze Trend Reports for reasonability and balance checks.
• Reviews and ensures certain cash reporting prepared by direct reports is accurate (if applicable).

(10%) Problem Solving

• Identify and investigate client reporting inconsistencies. Take steps to implement corrections using judgement and best practices.
• Lead direct reports to solve and implement corrections on problematic accounts (if applicable).
• Implement procedures to improve processing inefficiencies.
• Identify action items resulting from the quarterly financial reporting, and coordinate with the actuarial teams to resolve.

(10%) Internal and External Audits

• Produce and/or direct (if applicable) the preparation of ad hoc documentation on assigned accounts for internal and external auditors to support quarterly audit cycle (e.g. MAR).
• Prepare and/or direct (if applicable) the preparation of quarterly PBC reports to satisfy internal and external auditor requests. Includes both routine and one-off analytic requests.

(10%) Leadership

• Provide support to the VP and AVP Financial Reporting, including but not limited to the preparation of quarterly deliverables and as needed for earnings calls.
• Lead special projects and assignments involving multiple team members.
• Act as a resource for colleagues with less experience.
• Manage direct reports to ensure their workload, tasks and responsibilities are completed accurately and timely (if applicable).

You come equipped with

Competencies:

• Action Oriented
• Manages complexity
• Manages ambiguity
• Communicates effectively
• Financial Acumen

Essential knowledge, skills, and abilities:

• BA degree in Accounting or Finance
• 5 or more years of accounting experience
• Strong analytical skills and problem solving skills
• Advanced user of Excel
• Intermediate user of Access and Word
• Organized and able to manage multiple tasks
• Effective communication and presentation skills
• Ability to act and operate independently with minimal direction from manager
• Ability to work cooperatively and collaboratively with all levels of employees to maximize performance, creativity, problem solving, and results
• Desired knowledge, skills, and abilities: Education, certifications, licensure, industry-specific experience, experience working with certain equipment or systems, and skill proficiency levels that are desired but not required for job eligibility.
• Accounting experience in life insurance or life reinsurance field

Travel: None

Company Standards:

• Adhere to Hannover Re policies, procedures and rules of conduct
• Perform all duties with the goal of supporting our mission statement and maximizing shareholder value
• Develop and maintain professional and productive working relationships with co-workers, customers, and/or vendors

Work Environment: This job is a full-time position that operates in either a home office or local office environment. It requires the ability to utilize standard office equipment, including but not limited to, computers, phones, and communication tools as needed.

Compensation (Inclusive of Base + Bonus)

• $94,000 - $127,200

Benefits Include:

• 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

Hannover Life Reassurance Company of America (Hannover Re) seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.

We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, email HRLUS-personnel@hannover-re.com. Please allow for 24 hours to process your request.

We will accept applications until a candidate has been identified and selected to fill this position.