Technical Accounting

2 weeks ago

Singapore MUNICH MANAGEMENT PTE. LTD. Full time

As the Regional Hub of APAC MEA, our Regional Middle Office Center (RMOC) based in Singapore has been increasing its team size and bench strength to serve our clients better. You will have the opportunity to work in a world-class organisation where you will provide reinsurance accounting and claims services to Munich Re clients and support 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

**Your 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

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