Claims Handler - Technical Accountant

Munich Re; Toronto; Hybrid; CAD 59,000 - 77,000; Full time

Benefits offered by this job

Hybrid work environment

Educational Assistance Programs

Total rewards program with flexible &Z

Job summary

Munich Re in Toronto seeks a Technical Accountant - Claims Handler to process property and casualty claims from treaty and facultative business. You will collaborate with internal and external stakeholders in a hybrid Toronto office setting.

The role covers both claims handling and technical accounting tasks, reviewing policy docs, reconciling balances, and posting settlements while ensuring quality standards and timely reporting.

Qualifications

• University or College education required.
• Basic knowledge of (re)insurance.
• Ongoing upgrading of PC skills and accounting knowledge.

Responsibilities

• Check coverage against contracts; validate calculations; approve payments within authority.
• Process run-off losses including commutations when applicable.
• Process claims via B2B workflow tools meeting speed and quality standards.
• Collaborate with Claims Management and Technical Accountants.
• Review policy documents; analyze data; clear aged receivables/payables.
• Reconcile and post premiums, claims, and commissions bordereaux.
• Set up new and renewed treaties in accounting systems; QA against contracts.
• Monitor inbox; respond to client queries; update forecasts with underwriters.
• Prepare monthly/quarterly reconciliation reports and ad hoc reports.

Skills

Aptitude for figures

Analytical skills

Under pressure

Attention to detail

Communication

Time management

Excel

Education

University/College

Insurance knowledge

PC skills & accounting knowledge upgrading

Tools

SAP

Windows

MS Office

Excel

Job description

Technical Accountant - Claims Handler

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 your 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.

Overview

Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? 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.

Your job

Key Accountabilities Claims Handling Tasks:

• 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

Key Accountabilities Technical Accounting Tasks:

• 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

General Tasks:

• 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.

Your profile

Required Education

• University or College;
• Basic knowledge of (re)insurance
• Ongoing upgrading of PC Skills and Accounting knowledge

Preferred Experience

• Knowledge of Windows and MS Office applications
• 2 years of accounting experience
• Working knowledge of SAP desired

Specialized Knowledge and Skills

• 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
• Proficiency in Excel

In addition to an exciting job opportunity, we offer the following:

• 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 have a disability which will require an accommodation to support your participation, please contact [e-mail] as soon as practical so that suitable accommodations can be arranged.

Our base salary range for this role is between $59,000 and $77,000 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy.

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.