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Technical Accountant

Employer
SCOR
Location
Sydney, Australia
Salary
Competitive
Closing date
Dec 28, 2024
View more categoriesView less categories
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

Job Summary (12 month contract)

Responsible for:

- Financial reporting and oversight of the administrative aspects of SCOR's technical accounting;

- Management of Partners Life NZ business;

- The analysis and reporting of cash flows;

- The control and maintenance of new and existing reinsurance treaties for the Australia and New Zealand business including Client audits; and

- Supporting the finance function with the financial close process, preparation of financial statements and general finance administration.

-Internal reinsurance control and maintenance

- Funds Withheld control and maintenance

Responsibilities

Key duties and responsibilities

Main Scope
  • Responsibility for technical reporting and oversight of administrative accounting, including:
    • Analysis of technical data
    • Reconciliation and processing of NZ technical accounts
    • Oversight of client bordereaux, including monitoring, analysis and capturing data into the SCOR administration and Group reporting systems
    • Internal reinsurance including Funds Wihheld
    • Transfer of processes to new Group system (Helios) and further development as required
  • Analysis of cash flows including,
    • Reconciling the cash flows to bank statements and SQL Server; and
    • Preparing technical cash flow forecasts for both group and local purposes.
  • Responsibility for capturing and maintaining all new and existing treaties, including:
    • Treaty execution and processing of treaties in Omega;
    • Group reporting of treaty information;
    • Analysis of data to ensure bordereaux align with treaty wordings;
    • Ensure compliance and resolve issues with the performance of the treaties
  • Act as a point-of-contact for all client audits, including:
    • Arranging audits with Clients and preparing appropriate sample data;
    • Driving the audit process with the Client; and
    • Providing feedback to the Client on the outcome of the audit.
  • Support in the preparation of management and financial information (where appropriate)

Relationships
  • Support the development and management of strong relationships with our clients (including retrocession partners), to jointly optimise the relationship/performance.
  • Work alongside and support the Head of Finance and CFO in the production of key management and financial information.
  • Maintain strong interaction with other team members (valuation team, pricing team, marketing team, claim teams and Singapore Hub) to ensure the smooth operation of the business.

Qualifications

Experience

Essential
  • Minimum 2+ years of relevant working experience, ideally in a Financial services business
  • Ability to understand and analyse financial data
  • Experience of Microsoft Outlook, Excel, Word

Desirable
  • Working experience in the insurance or reinsurance industry
  • Commercial business sense and experience
  • Exposure to the management of client relationships
  • Experience of accounting software (e.g. SAP)
  • Experience of database systems (e.g. SQL Server)

Personal Competences

Essential
  • Self-starter with initiative, pace, drive and commercial nous
  • Good technical background/numeracy skills in terms of analysis of financial data
  • Excellent organisational skills
  • Ability to work as a team player
  • Ability to act as an external ambassador and advocate for the business in the local market/community e.g. with client contacts

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

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