The foundation of Munich Reinsurance Company in 1880 is largely due to the efforts of Carl Thieme. It is also Thieme who stated that: "By its nature, reinsurance needs to be international". He consistently follows his conviction by putting the company on an international footing from the very start. He establishes a business model whose essential f...
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You will provide reinsurance accounting and claims services to Munich Re clients and support the accounting operations within the RI CFO unit. This requires efficient management of a reinsurance accounting and claims portfolio, which includes verification, processing, analysing, coordinating and administering technical accounting and claims transactions for all natures of contracts and all lines of business;
Your Job:
Check, post, and analyse reinsurance statements of account for reinsurance business.
Process deposits.
Handle reinsurance facultative business.
Independently handle claims from our treaty and facultative business.
Process relevant large-loss notifications.
Check and post reinstatement premiums.
Coordinate and handle broker business.
Perform credit control activities.
Administer payment transactions (incoming and outgoing, including compliance with any financial sanctions and current account management.
Work with internal and external clients to successfully bring reinsurance accounting and claim matters to a conclusion.
Support cross-unit working groups and initiatives.
You will be the point of contact for external clients (cedants, brokers, auditors, etc.).
Work constructively with Claims Management, RIA Life, ALM, the regional offices (International Organisation) and with Underwriting & Client Management Colleagues as and where applicable.
Check the posted statements of account for completeness and accuracy (comparison with FS-RI treaty data).
Ensure that the loss portfolio is correct from a business perspective in the work area.
Monitor and track KPIs in the work area.
Reconcile balances with clients.
Your Profile:
Graduate finance, accounting, insurance or completed relevant apprenticeship.
Relevant experience (2 years) of primary insurance or reinsurance.
Knowledge of the principles of accounting.
Comfortable in MS Excel and good IT skills.
Professional working proficiency in English and French.
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