Senior Executive, Reinsurance Operations

Allianz Malaysia; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

Allianz Malaysia is seeking a meticulous Reinsurance Operations professional to manage outward documentation and support month-end closings. You will process transactions in OPUS and CAB, reconcile entries, and assist stakeholders to ensure accuracy and timely completions.

Join a collaborative team focused on risk management and streamlined operations, with opportunities to contribute to process improvements and cross-functional cooperation in a dynamic Malaysian insurance setting.

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.
• Strong knowledge of reinsurance administration and operational processes.
• Detail-oriented with excellent analytical and problem-solving skills.
• Proficient in Microsoft Office applications and insurance systems.

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

Detail-oriented

Stakeholder management

Microsoft Office

Problem-solving

Communication

Education

Bachelor's Degree in Insurance, Finance, Business or related discipline

Tools

OPUS system

CAB System

Microsoft Office applications

Job description

Looking for a career that allows you to take ownership of your work?Responsible in the administration of all documentation and processing of Reinsurance Outward closings efficiently in order to assist the Department to meet its objective and in accordance with the guidelines of the Company, Central Administration Bureau and Bank Negara Malaysia.You'll Be Responsible For

• 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.

Important To Your Success

• Bachelor's Degree in Insurance, Finance, Business, or a related discipline.
• Minimum 3 years of relevant experience in reinsurance, insurance operations, or underwriting support.
• Strong knowledge of reinsurance administration and operational processes.
• Detail-oriented with excellent analytical and problem-solving skills.
• Proficient in Microsoft Office applications and insurance systems.
• Strong communication and stakeholder management capabilities.
• Self-motivated, collaborative, and driven to improve processes and deliver results.
• Familiarity with AI tools like ChatGPT or Copilot is an added advantage.

Disclaimer: Thank you for your interest in joining our team. Due to the high volume of applications we receive, we are unable to provide individual feedback to every applicant. If you do not hear from us within 14 days of submitting your application, please assume that you have not been selected for this position.Important: All updates regarding your application status will be communicated via email. Please ensure you frequently check your email for updates and further instructions.Note: Allianz will not accept any forward unsolicited resumes from any source to our employees email other than directly from a candidate. We will not be responsible for any fees and charges imposed. Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow.