Location
Zurich, Switzerland
Job type
Full-Time
Work mode
Hybrid
Job level
Professional
Job ID
10623
Company
NewRe
Employment type
Regular
Area of expertise
Finance, Accounting & Controlling
New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurer founded in Zurich in 1926. As a company within the Munich Re Group, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of intelligent reinsurance products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty products. Our clients highly appreciate our swift and pro-active approach when responding to their needs and market developments.
Reporting to the Head of Life Hedging Operations, the successful candidate will become part of a motivated and open-minded team that takes pride in a collaborative and flexible work mode which is based on trust and support.
Your responsibilities
* Manage daily liquidity (cash monitoring and bank account reconciliation) and support the liquidity planning process, together with the Senior Operations Manager
* Pre-advise Front Office about maturing positions (e.g. futures, options, equity swaps)
* Monitor hedging platform for daily derivatives trading and hedge administrator activities (i.e. trade confirmations) and cover underlying documentation
* Review incoming reporting of reconciliation, settlement, and valuation of market index alignments & initiate respective escalation process
* Support administrative closing process for portfolio bookings & collateral management
* Support additional reporting and audit activities (e.g. to NewRe/Munich Re Group divisions)
* Review and update existing back-office process documentation
Your profile
* Bachelor's Degree in a related field or equivalent education
* Minimum of 3-5 years' relevant Middle/Back-office experience
* Advanced skills in MS Excel
* Familiar with derivatives life cycle.
* Strong technical, analytical and organisational skills
* Good social and communication skills
* Strong client responsiveness and open to new approaches
* Valuing and promoting an inclusive working and learning environment
* Ability to work independently, reliably and consistently
* Fluent in English, additional German highly preferred
Your future benefits
Our employees are our greatest asset. We therefore offer them a wide range of benefits and a modern working model appreciating its positive impact on our business achievements and personal wellbeing:
* Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better
* Compensation: our commitment to equal treatment of all employees is reflected in our pay practice that has been awarded the attestation for equal pay by Willis Towers Watson (following the Swiss Federal Act on Gender Equality)
* Work-life balance: promoting the compatibility of family and work throughout flexible hybrid working model
* Continuous learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth
* Health management: focus on your physical and mental health far beyond legal requirements
To learn more about us, check out If you embrace challenges and want to grow with our customers and partners, we look forward to receiving your application.