Financial Planning and Analysis Reinsurance Analyst

Job Title: Reinsurance Analyst

Reporting to: Reinsurance Business Partner

Direct Reports: None

Position Type: Permanent

Why Tokio Marine HCC?

Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

The Financial Reporting & Analysis (FP&A) team sits within International Finance and contributes to the performance of TM HCC International by providing quality, value add support for our front office and essential analysis for our back office stakeholders. Our responsibilities include; internal reporting, decision support, forecasting, planning and analysis activities along with the Finance reserving process within TMHCC International.

Job Purpose:

This newly created role reports into the Reinsurance Business Partner and is required to provide support to the Reinsurance Business Partner to complete comprehensive review, analysis and control over the Reinsurance (RI) financial data in the General Ledger, as well as decision support and business partnering. The role will work closely with multiple teams across Finance and reinsurance operations and will have an end-to-end view of the RI processing for International as well as assisting with the design, implementation, and maintenance of relevant controls.

Key Responsibilities:

Key Responsibilities:

• Quality Assurance and Review
  • Assist with ensuring the accuracy of the RI numbers in the financials by legal entity and line of business in the GL
  • Utilise both knowledge of the business and accounting principles to provide comfort that all data is flowing correctly into the financials and propose and communicate manual corrections where necessary.
  • Provide support on the accurate and timely Financial Reporting on RI matters (GAAP/STAT/Schedule F etc.)
  • Assist with the reconciliation and interrogation of data to demonstrate accuracy of the RI numbers as they flow from the reinsurance system to the GL.

• Financial Analysis
  • Assist with the production of accurate analysis of, and commentary on, key drivers and parameters related to Reinsurance balances including reinsurance premiums and recoveries, ceding commissions and reinsurance debtors and creditor balances.
  • Assist with the production of value-add reinsurance metrics including Reinsurance Financial Analysis, Risk Assessments over RI Balance Sheet data and RI KPIs
  • Assist with the maintenance and further development of the monthly Reinsurance KPI reporting.

• Control Environment
  • Assist with the improvement of visibility of interdependencies within the wider Finance team to understand the end-to-end impact of issues that arise.
  • Assist with reinsurance data integrity improvements liaising with relevant teams to improve data quality and data granularity.
  • Engagement with internal and external audit on reinsurance matters.

• Monthly Closing Process
  • Assist with the review and analysis of the RI financials during the monthly close to ensure accuracy of the results, prior to the general ledger close.
  • Provide support and review for the creation and posting of Reinsurance related manual journals during the monthly close where needed.
  • Improve and review the quality, accuracy, and timeliness of the controls in place to support close processes, in conjunction with the RI Accounting team.
  • Provide input on the continuous review and improvement of processes to promote efficiencies.

• Relationship Management
  • Build strong relationships with other stakeholders within Finance.
  • Provide full insight and transparency of the RI numbers to the finance stakeholders and support decision making on adjustments or accruals required.

• Other activities
  • Support on key projects within the FP&A, and Reinsurance teams as well as within broader Finance.

Skills and Experience Specification:

Essential

• Experience working with Financial Ledgers, to extract the relevant reinsurance data to support the analysis and KPIs 
• Developed analytical skills including compelling communication of financial information and key metrics/messages relevant to stakeholders
• Strong data visualisation skills and experience in utilizing skills to communicate key messages
• Strong written and verbal communication skills
• Highly numerate with excellent attention to detail and accuracy
• Strong people and communication skills – ability to engage with staff at all levels and to build strong working relationships
• IT literate with advanced Excel skills

Desirable

• PeopleSoft financials experience
• Experience in ceded reinsurance accounting

Soft Skills

• Commercially minded, critical thinker with a keen eye for the detail
• Ability to work independently as part of a broader team
• Professional approach and delivery of work product
• Energy, enthusiasm, persistence and adaptability
• Focus on timely delivery of quality outputs
• Excellent communication and interpersonal skills
• End to end process thinker capable of understanding and driving improvement throughout
• Assertive but sensitive to conflicting demands on others.

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer.  Please visit www.tmhcc.com for more information about our companies.

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