Reinsurance Operations Lead — End-to-End Closings

Allianz Malaysia Berhad; Kuala Lumpur; On-site; MYR 72,000 - 96,000; Full time

Job summary

Allianz Malaysia Berhad in Kuala Lumpur is seeking a Senior Executive, Reinsurance Operations Support to own the documentation and processing of outward reinsurance closings, aligning with CAB and Bank Negara Malaysia guidelines.

You will handle reinsurance and co-insurance transactions in OPUS, CAB system, month-end reconciliations, internal/external inquiries, and support RI placement with the underwriting and sales teams to ensure accuracy and efficiency.

Qualifications

• Bachelor's Degree in Insurance, Finance, Business, or a related discipline.
• Minimum 3 years of relevant experience in reinsurance, insurance operations, or underwriting support.
• Proficient in Microsoft Office applications and insurance systems.
• Strong knowledge of reinsurance administration and operational processes.

Responsibilities

• Processing of all reinsurance and co-insurance transactions in OPUS in accordance to the placement slip before the month-end closing and send out RI closing timely to reinsurers.
• Processing of all reinsurance and co-insurance outward transactions in Central Administration Bureau(CAB) System, assist on CAB UAT test if required
• To reconcile all outward transactions entered in OPUS and CAB after month-end closings and make adjustments if required
• Attend general enquiry from internal and external stakeholders
• Manage the submission of risk to The Scheme Manager for clearance on risks fall under the Large & Specialized Risk (LSR) and the preparation of Placement Completion Report.
• Support Manager/HOD with RI placement when required, collaborating closely with the underwriter and sales team, and assisting in the preparation of RI documentation to ensure all placement complete with accuracy and efficiency.
• Maintain proper e-filing of all documentations so that there is good control of filing system
• Referral to SVT on non-approved reinsurers via CRIPS and obtain approval prior to inception
• Handle and manage the overall performance of Reinsurance Module in OPUS system, attending on the system UAT if required
• Assist in the reinsurance placement and provide reinsurance administration support
• Participate proactively and contribute values to projects or new activities required by the Department for business efficiency or continuous process improvement
• Perform other duties as and when deemed necessary.

Skills

Strong communication

Stakeholder management

Detail-oriented

Analytical skills

Team collaboration

Education

Bachelor's degree in Insurance/Finance/Business

Tools

OPUS system

CAB system

Job description

Allianz Malaysia Berhad in Kuala Lumpur is seeking a Senior Executive, Reinsurance Operations Support to own the documentation and processing of outward reinsurance closings, aligning with CAB and Bank Negara Malaysia guidelines.

You will handle reinsurance and co-insurance transactions in OPUS, CAB system, month-end reconciliations, internal/external inquiries, and support RI placement with the underwriting and sales teams to ensure accuracy and efficiency.