Suncorp Group Hiring for Reinsurance Accountant Job at Sydney Full Time

Reinsurance Accountant

• Build relationships with key internal and external stakeholders in Reinsurance and General Insurance
• Permanent Opportunity
• Genuinely flexible working environment – Brisbane, Sydney or Melbourne

Your Purpose

Welcome to a place where you can chase real progress and drive real change. And that includes your own career. Being a part of Finance & Advice at Suncorp Group means being switched on, endlessly curious and always adaptable. In return, you’ll be supported to bring your own ideas to the table and challenge conventions – with the aim of making life a little brighter, simpler and better for our customers and each other.

As the Reinsurance Accountant in the Insurance Group Financial Control team you will join our high performing and tight-knit Finance & Advice Community and provide end to end financial control, financial reporting and APRA reporting for the Suncorp Insurance Entities and holding (ex Life) entity activities. Support the Insurance Group monthly close and reconciliation procedures, including accruals and intercompany and intragroup journals. Given all of the recent weather events, the Reinsurance Accountant role is a great opportunity to be a part of this dynamic and niche industry.

What you will do

• Ensuring the accuracy and timeliness of reinsurance accounting, payments and reporting and ensuring financial controls are in place to safeguard the integrity of the accounting and reporting for general insurance business
• Follow the Insurance Financial Control month end close process including preparation of journals and balance sheet reconciliations
• Preparation and payment of reinsurance premiums including the broker & reinsurer interactions, timely & accurate calculations of payments to reinsurers
• Preparation and receipting of reinsurance claims recoveries from brokers and reinsurers
• Preparation of reporting on reinsurance premium and claims to reinsurers in order to comply with the terms of reinsurance treaties
• Support the team in the payment of premiums including the broker & reinsurer interactions, timely & accurate calculations of payments for reinsurance.
• Contribute to the development of meaningful insights & analysis across reinsurance
• Support required payment authorisations with Executive Leadership per Delegated Authority Policy
• Contribute to internal processes to provide robust premiums with traceability and accuracy
• Ensure that the appropriate documentation is maintained for processes and tasks.
• Assist in the collation and preparation of regulatory reporting
• Be involved in exciting projects relating to the implementation of IFRS17 and a new Reinsurance administration system
• Embrace Continuous improvement of reinsurance processes with a view to automating and removing unwarranted risks and keeping things simple
• Embrace and adopt broader FRC initiatives to standardise process across FRC functional responsibilities ( eg adoption of the standard journal process and application to the reinsurance calculation and journal process)
• Assist and support activities of other FRC functional teams (Financial Control, Financial and Regulatory reporting teams).

What you need to bring to the role

• Degree qualified – accounting (mandatory)
• Professional membership – (desired)
• Minimum 3 years’ experience in an accounting environment
• Technical knowledge in insurance/reinsurance accounting or a keen interest to learn
• Demonstrates process improvement insights and delivery of improvements
• Having worked for or closely with a complex/large organisation (desired)

What’s in it for you

• Competitive salary package
• Discounts of up to 25% on our various Insurance, Banking & Superannuation products
• Flexible working environment and arrangements; genuine focus on work-life balance
• Numerous discounts with our corporate partners (retail & shopping / travel & holiday / health & wellbeing)
• We offer support and various programs for our people: (Employee Assistance Program (EAP), Health & Wellbeing, Study Support, Employee Referral Program, Facilities for nursing mothers, Company share options, Social club, Years of Service Recognition)

What you will love about working with us

Better outcomes for customers takes innovation, care and a laser focus. As part of Finance & Advice at Suncorp Group, we’re working at the heart of some of Australia and New Zealand’s most trusted names in banking and insurance to deliver just that – and then some. Here, you’ll be equipped with all kinds of support and opportunities to make an impact, because our commitment to brightening lives extends to all our incredible people too. And in an organisation that measures success through the results we deliver for our customers, communities and each other, you’ll thrive knowing you’re making a genuine difference along the way.

Chase the sun, apply online today.

Advertised: 28 Sep 2022 AUS Eastern Standard Time
Applications close: 16 Oct 2022 AUS Eastern Daylight Time