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About the Role

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. We are looking for a detail-oriented professional with a passion for solving puzzles and uncovering discrepancies, adept at analytical thinking and problem-solving.

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 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 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.

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

Skills

• Analytical thinking
• Problem-solving
• Excel proficiency
• Communication skills
• Organizational skills
• Time management skills

Location

• Toronto

Work Type

• Hybrid

Experience Level

• 2 years of accounting experience

Education Level

• University or College degree
• General accounting courses
• College diploma

Salary/Compensations

• $59,000 - $77,000 per year

Benefits

• Exposure to challenging projects and development opportunities
• Comprehensive total rewards financial program
• Extensive flexible benefits
• Pension
• Educational Assistance Programs

About the Company

• We care for humankind – and that starts with our people. Our greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success. Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.

Equal Opportunity

• Munich Re/Temple Insurance is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.