Technical Accountant

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

Benefits offered by this job

Hybrid work environment

Educational assistance programs

Pension and benefits

Job summary

Munich Re is hiring a Technical Accountant in Toronto to manage reinsurance and primary technical accounting tasks, including data analysis and discrepancy resolution. You will handle bookings for casualty, property, and other lines, and maintain quality in contract wording across settlements.

The role requires strong numerical skills, experience in accounting, and familiarity with re/insurance concepts. A hybrid work setup in Toronto is offered with opportunities for professional growth.

Qualifications

• University or College; General accounting courses or college diploma required.
• Basic knowledge of (re)insurance.
• Ongoing upgrading of PC Skills and Accounting knowledge.

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 MGAs, Brokers and clients.
• Review and rebook technical items and claims for settlement within specified time frame.
• Set up new and renewed treaties in technical accounting systems and quality assurance against contract wordings.
• Monitor department inbox and respond to clients’ queries.
• Prepare monthly/quarterly reconciliation reports and other ad hoc reports.
• Ensure interfaces are reconciled and of high quality.

Skills

Analytical thinking

Attention to detail

Teamwork

Excel proficiency

Communication skills

Time management

Aptitude for figures

Education

General accounting courses

College diploma

Basic knowledge of (re)insurance

Tools

SAP

Windows

MS Office

Job description

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.

Overview

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,

Key Accountabilities Technical Accounting Tasks:

• 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

General Tasks:

• 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

Your profile

Required Education

• University or College; General accounting courses or college diploma required
• 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 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

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.