Technical Accounting

2 weeks ago

Singapore Munich Re Full time

**Technical Accounting & Claims Handler (RMOC Singapore)**:Career Level 2

**Location**Singapore, Singapore

The incumbent of this role provides reinsurance accounting and claims services to Munich Re clients and supports the accounting operations within the CFO unit.

This requires effective and efficient handling of a reinsurance accounting and claims portfolio, which includes verification, processing, coordinating and administering technical accounting and claims transactions for all natures of contracts and all lines of business.

Your job
- Checking and posting reinsurance statements of account for reinsurance business
- Processing deposits and Letters of Credit
- Handling facultative business (Reinsurance and PIRI businesses)
- Independently handling (cross-line) claims from our treaty and facultative business
- Processing relevant large-loss notifications
- Checking and posting reinstatement premiums
- Coordinating and handling broker business
- Performing credit control activities
- Administering payment transactions (incoming and outgoing, including compliance with any financial sanctions, AML/CFT requirements) and current account management
- Handling treaty maintenance (accounting/claims-related issues)
- Interacting with internal and external clients to successfully bring reinsurance accounting and claim matters to conclusion
- Supporting cross-unit working groups and initiatives

**Profile**:

- Graduate (for example in finance, accounting, insurance, business, mathematics, law, etc.) or completed relevant apprenticeship
- Sound knowledge of primary insurance and reinsurance
- Knowledge of the principles of accounting
- Comfortable in MS Excel and good IT skill
- Professional working proficiency in English, other foreign languages would be an advantage
- Strong teamwork and conflict-solving skills and a confident and engaging manner
- Good communication skills (written and spoken)
- Experience and precision in dealing with figures
- Willing to make decisions and take responsibility for them
- Conscientious, self-disciplined, independent and reliable work approach efficient and cost-conscious mindset
- Strong client-centricity and resulted oriented
- Open-minded, receptive to innovation and highly committed, even for work outside the section

About us

Find out **Who we are, What we do, Our Strategy and How we can Support & Reward** you.

Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

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