Finance & Accounting
Does the consolidation of Group companies worldwide mean something to you? Can you translate the demands placed by capital markets on a listed company into hard figures? Finance & Accounting supports the Group with all financial and accounting tasks nationally and internationally.
A clear head is essential
As Hannover Re's largest Service Division we have more than 200 staff in Hannover. Our core tasks are as follows:
- The Technical Accounting Department processes reinsurance accounts and claims and determines loss reserves. We also draw up quarterly and annual financial statements in accordance with German and international law.
- Corporate Accounting and Group Accounting are responsible for reporting by the parent company as well as the accounting of the Hannover Re Group, in other words the annual financial statements in accordance with the German Commercial Code (HGB) and IFRS. We also handle collections from our more than 2,000 clients.
- Coordination International Operations handles the administration of participating interests, i.e. issues relating to the subsidiaries: capital increases, business appraisals, internal loans and of course tax considerations.
- The department Security Assessment & Credit Control, as part of Hannover Re’s risk management organisation, monitors all business relationships worldwide. Our business partners are analysed and classified before the establishment of a relationship as well as throughout the duration of treaties. Necessary steps are taken in the event that the financial security of business partners is no longer guaranteed, e.g. in case of bankruptcy, run-off, termination of business or institution of legal proceedings. Based on in-depth analysis of the complete portfolio, a case-specific strategy is developed and a decision taken on whether to enter into negotiations on terminating the entire business relationship. We team up with internal as well as external experts in order to ensure that our market knowledge is always up-to-date.
A typical day at the office
As you can see, you'll need a clear head for our work and you have many options to choose from. Our division is organised according to tasks. In the Technical Accounting Department you will work with a large degree of autonomy. The other sections -like our organisation as a whole - are structured along team lines.
You will have direct contact with clients and Group units throughout the world. Yet most of your work will be accomplished at your own desk. It is mainly in Group Accounting that travel to the offices abroad is involved.
Would you like to find out more? If so, click here to read more about the everyday working routine of a member of staff in Finance & Accounting.
Interested in working in an international climate ?
We can offer you everything that the financial world has to offer. We are looking for:
- Insurance professionals or qualified business administrators
- If you have completed a commercial apprenticeship, we may have common ground
- Sound conversational English, possibly additional language skills
- Confidence in dealing with figures
And for external accounting:
- University graduate in economics with a concentration on accounting
- Ideally, experience of living/working abroad
We can of course offer you opportunities for further training, including instruction in IFRS and SAP as well as language courses.
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