Premium Accounting Specialist I
About The Position
The Premium Accounting Specialist I performs premium administration for assumed client companies of Hannover Life Re and Hannover Re TPA. The role establishes accurate reporting for premiums, policy exhibit data, and statutory and tax reserves. It reviews experience refunds, brokerage fees, and premium tax reimbursements, adjusting them as appropriate for final reports. The specialist communicates effectively with internal and external clients and serves as a subject matter expert for assigned companies. The position analyzes, prepares, and inputs client-company premium, inforce, and reserve information using treaty, statutory, and IFRS guidelines. It helps ensure data is reasonable and accurate, resolves inconsistencies and errors with clients, and clears suspense items in a timely manner. This information supports monthly and quarterly financial reporting.
Requirements
- Bachelor's degree in Accounting or a related field, or 3–4 years of relevant work experience if no degree.
- 0–2 years of experience with a degree.
- Ability to work independently in a team environment and manage internal and external demands with minimal supervision.
- Strong analytical skills and attention to detail.
- Ability to review and analyze business reports.
- Ability to exercise sound discretion in decision-making and independently resolve non-standard situations.
- Professional written and verbal communication skills.
- Strong internal and external customer service skills.
- Strong computer skills and willingness to learn new applications.
- Basic proficiency with MS Office Word and intermediate proficiency with MS Office Excel.
- Experience using the internet and email.
Nice To Haves
- Life reinsurance or insurance knowledge.
- LOMA designation.
- Ability to manage and prioritize multiple tasks.
- Ability to offer leadership through directions and actions.
- Technical aptitude and willingness to learn related skills.
- Project participation and leadership in business or technical projects.
Responsibilities
- Analyze, prepare, and input client-company premium, inforce, and reserve information using treaty, statutory, and IFRS guidelines.
- Ensure client data is reasonable and accurate by communicating with internal and external clients to resolve inconsistencies and errors.
- Identify and clear suspense items in a timely manner.
- Build productive relationships with client companies to understand their data and assumed business and resolve data variances and inconsistencies.
- Initiate communications with clients to resolve complex problems and determine reporting best practices using treaty and industry knowledge.
- Provide accurate data for inclusion in financial reports.
- Serve as a subject matter expert and participate in special projects, including variance analysis and premium accrual work.
- Recommend solutions and communicate significant results to management and team members to improve financial-report accuracy.
- Adhere to MAR compliance protocol.
- Identify efficiency improvements and recommend procedural and process changes that support internal controls, department efficiency, and audit compliance.
Benefits
- Comprehensive medical, dental, and vision coverage.
- Paid Time Off (PTO).
- Company-provided life insurance and disability benefits.
- 401(k) and profit sharing.
- Additional ancillary benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
