Technical Accountant

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.

Are you someone with strong leadership capabilities? Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? 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. Detail-oriented professional with a passion for solving puzzles and uncovering discrepancies.

Adept at analytical thinking and problem-solving,

• 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

• 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
• 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

• 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.

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…