Technical Accountant

Munich Re Careers • Toronto, ON

4d • CA$55,000 - CA$77,000 • Hybrid

About The Position

We are hiring a Technical Accountant in Toronto who will be responsible for the reinsurance and primary technical accounting business including booking and analyzing data for casualty, property, and other lines of business. This role requires a detail-oriented professional with a passion for solving puzzles and uncovering discrepancies, adept at analytical thinking and problem-solving.

Requirements

• University or College; General accounting courses or college diploma required.
• Basic knowledge of (re)insurance.
• Ongoing upgrading of PC Skills and Accounting knowledge.
• Knowledge of Windows and MS Office applications.
• 2 years of accounting experience.
• Aptitude for figures and strong analytical thinking.
• Attention to detail and accuracy.
• Proactive motivated self-starter.
• Ability to work to set tight deadlines.
• Quickly adapts to new challenges and situations.
• Effectively work in a team environment and on an individual basis.
• Proficiency in Excel.
• Excellent communication, organizational and time management skills.

Nice To Haves

• Working knowledge of SAP desired.
• (Re)Insurance accounting experience and understanding of contract wordings.

Responsibilities

• Review policy documents, analyze data and investigate discrepancies in order 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 renewing 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 Underwriting and Claims personnel for continuous collaboration.
• Collaborate and support all areas of Technical Accounting on an ongoing basis.
• Ensure proper Records Management protocols are followed.
• Prepare reports and analysis as needed.
• Support both Internal and External audit requests.
• Keep up to date with business developments to ensure processes are effective and efficient.
• Document all material processes and risks within delegated area and review regularly.
• Seek ways to continually improve local process effectiveness/efficiency.

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.
• Educational Assistance Programs that continue to recognize your on-going success.

What This Job Offers

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