Finance job, can someone explain these responsibilities?

[aatt]

i am thinking of applying for a finance job and under requirements it says:

• Knowledge of Life and Pensions products is preferred
• Knowledge of reassurance accounting is preferred
• Knowledge of the preparation of reconciliations and financial analyses is preferred.
• Must be capable of understanding and applying applicable accounting standards.

can anyone please explain these points?
or could suggest where i should look to find this all out?

 

[bklynboy]

Funny, this sounds like a job listing I have out - is this in NY?

I work in the life arena and also work on pension products. There is specialized accounting around these and generally we like applicants to be familiar with the products and how they work (not so much on the accounting as that can be taught but is also helpful - look at FAS 60, 97, 120).

Reassurance is really reinsurance where insurers share the risk with other carriers to not be exposed to significant losses - again specialized and needs to be understood.

There is a lot to this and if you do not know what these are then likely are not right for the role.

What is your background - if its a decent fit I can PM you to help you get closer to these topics.