Claims Handler - Technical Accountant

Munich Re Careers • Toronto, ON

8d • CA$59,000 - CA$77,000 • Hybrid

About The Position

The Finance department is hiring a Claims Handler in Toronto who will be responsible for the processing of Property and Casualty claims triggered by treaty and facultative business. This role involves collaborating with various stakeholders, including Claims Management and Technical Accountants, and requires a strong aptitude for figures, analytical skills, and attention to detail.

Requirements

• University or College degree
• Basic knowledge of (re)insurance
• Ongoing upgrading of PC Skills and Accounting knowledge
• Aptitude for figures and strong analytical skills
• Ability to work under pressure and meet deadlines
• Attention to detail and accuracy
• Excellent communication, organizational and time management skills
• Effectively work in a team environment and on an individual basis
• Proficiency in Excel

Nice To Haves

• Knowledge of Windows and MS Office applications
• 2 years of accounting experience
• Working knowledge of SAP desired

Responsibilities

• Check of coverage against contractual metrics, validation of correct calculation, evaluation of payments for single losses and their authorization according to individual authority level.
• Processing of run-off losses including commutation if applicable.
• Process claims via the B2B workflow tools within the agreed speed and quality standards.
• Collaborate with various stakeholders, especially Claims Management and Technical Accountants.
• Review policy documents, analyze data and investigate discrepancies to clear aged accounts receivables/payables.
• Review, reconcile and post clients’ premiums, claims and commissions bordereaux for Managing General Agents, Brokers and Clients.
• Review and rebook technical items and claims for settlement within specified time frame.
• Responsible for setting up new and renewed treaties in technical accounting systems and quality assurance against contract wordings.
• Monitor department inbox and respond to clients (internal/external) queries.
• Monitor the plausibility of forecasts and update prognosis and estimates collectively with underwriters.
• Reconcile balances to client reports and individual items for internal matching.
• Post special reserves, contingent commissions and late adjustments.
• Prepare monthly/quarterly reconciliation reports and other ad hoc reports.
• Ensure any assigned system interfaces are reconciled and of high quality.
• Develop effective relationships with other teams and departments for continuous collaboration.
• Ensure global processes are adhered to and keep up to date with business developments to ensure effective and efficient procedures.

Benefits

• Exposure to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners are available.
• A comprehensive total rewards financial program which includes extensive flexible benefits and pension.
• A hybrid work environment in an inspiring physical workplace setting.
• Educational Assistance Programs that continue to recognize your on-going success.
• Opportunity for an annual company bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree