Technical Accountant, Life

4 days ago

Singapore Munich Re Full time

Technical Accountant, Life

**Company**
Munich Re
**Location**
Singapore, Singapore

The regional CFO team is responsible for providing technical accounting to the life and non-life business in the APAC region. We are seeking a qualified and dedicated professional to strengthen our team in this interesting environment. The role entails a broad range of responsibilities and offers many development opportunities and will be reporting to the Head of Technical Accounting Life and Health.

**Your Job**
- Ensure accurate and timely administration and accounting/processing of Life and Health business, with particular focus on non-traditional treaty arrangements.
- Assure payment transactions with our clients, handle correspondences and debt collection, monitor key performance indicators such as overdue balances, outstanding statement of accounts etc.
- Work with Global Process Owner to ensure reporting requirements under different GAAPs are adequately addressed and implemented in SAP.
- Collaborate with business unit, valuation team, finance team and head office on non-traditional treaty arrangements to ensure the reporting process is robust and efficient.
- Provide timely accounting and financial reporting expertise in the reporting, monitoring and analysis of non-traditional treaty arrangements
- Lead quality assurance for the booking and reporting for non-traditional treaties
- Maintain adequate documentation of internal processes and ensure compliance with internal guidelines
- Maintain knowledge of developments in the insurance/takaful industry, including keeping up to date with latest regulations, legislation and reporting standard changes to ensure compliance.
- Support technical accountants in other Asia Branches on the handling of non-traditional treaty arrangements.
- Lead and support projects and other ad-hoc tasks as assigned

**Your Profile**
- Degree in Accounting or Actuarial Studies
- Minimum 5 years of experience within life insurance & reinsurance industry in accounting or actuarial reporting. IFRS 17 or IFRS 9 knowledge is highly desirable
- Good Microsoft Excel, Power BI, Power Query skills. Knowledge of R or SQL is an advantage.
- Able to lead projects and perform financial analysis for various reinsurance accounting topic initiatives

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.

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