We are somewhat different
Hannover Re - more than 3,500 employees at locations all over the world.
Our strength? Connecting Power: We rely on each other.
As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world as well as a reliable employer.
We are a major player in the Life & Health reinsurance market in Australia and New Zealand and we have the benefit of being small and nimble but with the financial backing of one of the largest reinsurers in the world. We currently have an exciting opportunity in our Life & Health subsidiary in Sydney which plays a major part in the success of Hannover Re globally.
We are seeking a Senior Reinsurance Specialist to join our team. The role will be a permanent position reporting directly to our Reinsurance Team Manager.
You can look forward to
As a Senior Reinsurance Specialist you will be responsible for assisting the Life Reinsurance Team Manager with quality checking requirements, payment authorisation, staff training, day-to-day workflow management for the reinsurance team and processing both technical accounts and claims recoveries while ensuring transactions are in accordance with the terms and conditions of the relevant contracts.
Although this role does not have any direct reports, you will be required to step in and cover for the manager on occasion and have demonstrated experience in this capacity.
Duties and Responsibilities:
- Manage and allocate workflow among Reinsurance Specialists, ensuring high-quality output within delegated authorities.
- Apply reinsurance treaty terms and product disclosure statements accurately to data processing and claims settlement.
- Identify team training needs and deliver on-the-job coaching.
- Serve as a subject-matter expert for reinsurance processes including during business transformation, system migration, and regulatory initiatives.
- Coordinate project deliverables and timelines with cross-functional teams for successful implementation.
- Act as an alternate contact for the Reinsurance Team and support new business and process integration for stakeholders.
- Prepare and deliver month-end and quarterly reporting requirements, including review of client accounts and premium estimates.
- Interpret, analyse, and record revenue transactions and statistical data within business systems, ensuring proper allocation of cash and open items.
- Calculate and settle local retrocession, co-reinsurance arrangements, and profit commissions.
- Support internal and external audits by liaising with auditors and preparing required documentation.
- Build and maintain strong relationships with Cedants and internal teams, fostering effective communication and continuous process improvement.
- Monitor operational items and contribute to ongoing process updates and documentation.
- Provide input and sign-off (as required) for new business onboarding activities.
You come equipped with
Experience & Qualifications:
The ideal candidate will have significant experience in life reinsurance operations or life insurance accounting in Australian/New Zealand markets, with strong knowledge of reinsurance treaties across retail, group, and longevity lines. They are skilled in processing and reconciling complex accounts and claims in accordance with treaty terms.
They have supported audits by preparing documentation and liaising with auditors and have led or contributed to operational projects such as treaty onboarding, system changes, and process improvements.
They have excellent communication and stakeholder engagement abilities along with experience coaching junior staff and managing team workflows.
They are proficient in reporting and analytics tools (preferably Power BI, MicroStrategy, SAP), advanced in Excel, and familiar with other data tools like SQL and R.
In addition, you must have:
• Proven leadership abilities and effective people management skills
• Sound technical knowledge within the insurance/reinsurance sector
• Demonstrated relationship management capabilities, internally and externally
• Outstanding organisational skills, meticulous attention to detail, and the capacity to prioritise tasks efficiently
• Clear, concise written and verbal communication skills
• Strong analytical and problem-solving aptitude
• Ability to work autonomously and collaborate as part of a team
Personal Qualities:
• Strategic
• Resourceful
• Highly self-motivated
• Professional
• Versatile
• Diplomatic
It is a requirement that all applicants have unlimited rights to work in Australia i.e. must either be an Australian citizen or have permanent residency.
If this describes you then click apply!
What do we offer you:
Are our values “Responsibility”, “Drive” and “We-Spirit” aligned with yours? We foster a culture of respect in our workplace, supporting and encouraging respectful communication and behaviours, acknowledging differences and honouring the people we interact with, taking the time to understand their needs and perspectives.
Atmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual respect and a readiness to help.
Benefits: We value every individual and consider our people to be important to the success of our business with each of us working together to contribute to a common success. Structured onboarding, hybrid working arrangements, EAP as well as modern offers for personal development and wellness activities, we prioritise employee wellbeing and engagement.
Prospects: You contribute your specialist and methodological expertise, and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!
Only together can we achieve our objectives.
Would you like to find out more about Hannover Re Australia? Visit our careers site: https://www.hannover-re.com/de/local-offices/australia/career/
We not only offer a job and a title, but if you are looking for an organisation which values its people and is “Somewhat Different”, then we want to hear from YOU! All you need to do is hit apply.
No agencies please.