Job Overview & Organization Mission

Administer complex outward reinsurance treaties, reconcile multinational bordereaux accounts, and maximize catastrophic claims recoveries at QBE.

QBE Insurance Group is hiring a Reinsurance Operations & Treaty Accounting Specialist for our Global Outward Reinsurance division in Sydney. You will manage the technical administration of proportional and non-proportional reinsurance treaties, calculate catastrophic event recoveries, and maintain compliance with IFRS 17 reinsurance accounting standards.

As a key member of the team at QBE Insurance in Sydney, NSW, you will play a central role in driving excellence, upholding top-tier Australian industry standards, and contributing directly to the strategic milestones of one of the nation’s premier employers.

Key Duties & Core Responsibilities

In this critical role, your operational duties and key performance responsibilities will encompass:

• Administer outward: Administer outward reinsurance treaty programs across property, casualty, and marine insurance lines.
• Prepare and: Prepare and reconcile complex quarterly reinsurance accounts, premium adjustments, and loss bordereaux.
• Calculate and: Calculate and submit catastrophic loss recoveries following major bushfire, flood, and cyclone events.
• Support IFRS: Support IFRS 17 reinsurance asset modeling and financial reporting disclosures.
• Liaise with: Liaise with international reinsurance brokers (Guy Carpenter, Aon Re) and global reinsurers (Swiss Re, Munich Re).

Required Qualifications, Licenses & Experience

To be successful in this position at QBE Insurance, candidates are expected to satisfy the following essential selection criteria:

• Mandatory Qualification: Degree in Accounting, Finance, or Actuarial Science (CA / CPA preferred).
• Relevant Experience: Minimum 4+ Years of verified industry experience in Australia or recognized overseas equivalence.
• 4+ years of reinsurance accounting, treaty administration, or insurance finance experience.
• Solid understanding of proportional (Quota Share) and non-proportional (Excess of Loss) reinsurance structures.
• Familiarity with IFRS 17 insurance accounting standards and insurance ERP systems.
• Strong numerical aptitude, spreadsheet modeling, and analytical problem-solving skills.

Core Competencies & Key Technical Proficiencies

The successful applicant will possess demonstrated capabilities across the following domain skill sets:

Salary, Compensation & Employee Benefits

At QBE Insurance, we understand that our people drive our achievements. An outstanding remuneration and wellbeing package is provided in line with Australian benchmarks:

• Competitive Remuneration: AU$125,000 – AU$150,000 per year + standard Australian Superannuation (11.5%).
• Competitive salary ($125,000 – $150,000) + annual incentive bonus + superannuation.
• Prime Sydney CBD office location with comprehensive hybrid working options.
• Global career pathways across QBE’s international underwriting hubs.
• Leave Entitlements: 4 weeks annual leave (with 17.5% annual leave loading where applicable) plus 10 days paid personal/carer’s leave.
• Flexible Work: Progressive work-life balance options with supportive corporate culture and leadership development pathways.

About the Employer: QBE Insurance

QBE Insurance Group is an international general insurance and reinsurance company headquartered in Sydney, Australia.

QBE Insurance is deeply committed to building diverse, equitable, and culturally inclusive work environments. We proudly celebrate diversity and welcome applications from all qualified individuals including First Nations Australians, people with disabilities, and candidates from culturally and linguistically diverse backgrounds.

Application Process & Next Steps

Applications for this position are currently open and being reviewed on a rolling basis. Suitable candidates are encouraged to apply as early as possible before the published closing date.

Please prepare an updated Curriculum Vitae (CV) and a tailored Cover Letter highlighting your relevant experience against the key selection criteria outlined above.

To proceed with your application, click the Apply on Employer Site button to access the official QBE Insurance careers gateway.