Retrocession Senior Technical Accountant

At our brand-new Shared Business Platform (SBP) in Bucharest, we offer a dynamic environment where career growth is actively supported through internal mobility, globally recognized certifications, and continuous professional development. We value work-life balance, offering flexible work arrangements, and wellbeing initiatives that help you thrive both personally and professionally.

Now, let's explore this exciting opportunity so that you can be part of our mission.

This role oversees the administration of insurance and/or reinsurance accounts and contracts, from establishing and maintaining contractual data, processing the insurance and/or reinsurance account bookings, claims handling and manage the related cash flow. He/she also supports the underwriters in administrative activities related to the underwriting process. The position will assist the Team Leader in performing the validation of the Quarterly operations, calculation and input of manual entries, sending accounts, analysis of retrocession results and compliance with ICS processes (Internal System Controls).

Key duties and responsibilities

• Responsible for entries (treaties and/or facultative) in the Accounting and Underwriting system/platforms and all further modifications
• Enter T&C (Terms and Conditions) into the accounting system with accuracy
• Check contractual T&C (Terms and Conditions), submit them to Underwriters for signature and draw their attention in case of ambiguities or changes
• Check and process of accounts and claims advices 
• Clarify discrepancies of accounts and claims with underwriters/ claim experts/ cedents/brokers 
• Manage independently his/her own portfolio with medium to complex accounts and solves complex problems or problems where precedent may not exist 
• Provide guidance acting as a coach/ mentor to juniors
• Fosters knowledge sharing with other colleagues to reach solutions
• Manage cashflow including setting-up of client bank accounts in the accounting system, processing of outgoing/incoming payments and follow up on pending payments and open balances
• Perform ICS controls (Internal Control System) according to relevant guidelines and pro-actively support Underwriters in the performance of these controls
• Monitor client accounts / statistics by using internal reports, perform data analysis and support Stakeholders with reports and statistics
• Ensure compliance with sanctions and embargos by scanning respective lists and forward to Underwriter/Legal for further investigation if needed
• Ensure completeness and proper filing of underwriting, accounting and claims documentation DMS (Document Management System)
• Maintain good communication with clients by attending internal and external meetings and workshops as required
• Be accountable for internal and external audit purposes

Required experience & competencies

Experience: 

• At least 5 years of experience in the industry (re-/insurance) accounting and underwriting assistance and/or controlling
• Advanced MS Office skills (focus on MS Excel, Power Query) 
• Business Objects skills beneficial
• Power Bi, Tableau, skills beneficial

Personal Competences:

• Solid insurance and reinsurance knowledge and eagerness to deepen expertise
• Advanced analytical skills and accuracy 
• Advanced communication and team collaboration skills with both internal and external stakeholders and team members
• Sense of reliability and responsibility 
• Self-motivation, flexibility and adaptability to changes

Required Education 

Bachelor / completed commercial apprenticeship (ideally in re-/insurance company) or equivalent experience.