Technical Accounting Officer (M/F/D)

From premium collection to technical reserves and Solvency II reporting: leverage your insurance accounting expertise to drive financial accuracy for a high-value risk management portfolio in an international, fast-paced environment.  

Technical Accounting Officer (M/F/D)

Corporate Context

Our client is a Luxembourg-based professional risk management entity, part of a global financial group. To support their growing technical accounting department, they are looking for a Technical Accounting Officer to join their team.

This "Back Office" position is essential for ensuring the accurate processing and reporting of technical financial data related to high-value risk portfolios.

Key Responsibilities & Goals

Reporting to the Technical Accounting Manager and the CFO, you will handle all activities related to technical accounting and reporting:

1 Technical Accounting & Operational Flows

·        Contract & Premium Management: Handle the accurate accounting of technical treaties and manage the recording and collection of premiums from insured parties.

·        Commission & Payment Cycle: Ensure the accurate calculation and timely payment of commissions to brokers and business partners.

·        Claims Handling: Process claim payments and record technical claim reserves with high precision.

·        Technical Reversals & Reconciliations: Manage the monthly reversal of reserves and ensure the proper reconciliation of all technical accounts.

·        Cash Management & Ledger Monitoring: Monitor technical debtors and creditors (aging balances), ensuring timely collection of receivables and efficient cash flow management.

2 Stakeholder Liaison & External Coordination

·        Internal Collaboration: Work closely with underwriting officers and actuaries to ensure the correct interpretation and consistency of technical data.

·        External Coordination: Liaise with brokers and ceding companies to ensure data completeness, reliability, and accuracy across all mutual contracts.

·        Audit Support: Act as a key contact for external and internal auditors, providing the necessary technical accounting documentation for statutory and compliance audits.

3 Reporting, Analysis & Process Optimization

·        Financial Reporting: Assist in issuing monthly technical financial reports for both local management and the Group.

·        Regulatory Compliance: Contribute to the statutory reporting process in full compliance with Lux GAAP and Solvency II requirements.

·        Process Optimization: Suggest and implement enhancements for technical data processing to improve efficiency and strengthen internal controls.

Requirements

·        Experience: Minimum 2–3 years in a similar role within the financial or insurance industry.

·        Fiduciary Background: Candidates from accounting firms (Fiduciaires) may be considered if they demonstrate an exceptional ability to learn technical flows (premiums, commissions, reserves, and claims).

·        Technical Skills: Solid knowledge of insurance accounting principles. Familiarity with the Luxembourg regulatory environment (Solvency II) is an advantage.

·        Languages: English and French are mandatory (Minimum C1 level, both written and spoken).

·        Soft Skills: Analytical mindset, IT savvy (Advanced Excel), initiative-taker, and capable of working in a fast-paced environment.

Interested? Send us your CV without further delay. Only CVs matching these criteria will be taken into consideration.

Randstad is one of the leading players worldwide in the area of recruitment, temporary work and human resources services. Randstad has been operating in Luxembourg since 1995 and works for most of the important companies of the country.