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About the Role

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.

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.

Requirements

• University or College degree.
• Basic knowledge of (re)insurance.
• Ongoing upgrading of PC Skills and Accounting knowledge.
• Knowledge of Windows and MS Office applications.
• Working knowledge of SAP desired.
• 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.

Skills

• Proficiency in Excel

Location

• Toronto

Work Type

• Hybrid

Experience Level

• 2 years of accounting experience

Education Level

• University or College

Salary/Compensations

• $59,000 - $77,000 per year

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.
• Opportunity for an annual company bonus based upon a percentage of eligible pay.

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.