Technical Account Executive (Based at Labuan)

Labuan Reinsurance (L) Ltd - Official Page; Labuan; On-site; MYR 42,000 - 60,000; Full time

Job summary

Labuan Reinsurance (L) Ltd - Official Page in Labuan is seeking a Senior Executive (Technical Accounting) to manage recording, classification and interpretation of complex financial data within reinsurance operations.

The role focuses on posting premiums and claims, reconciling accounts with cedents and brokers, assisting with month- and year-end reporting, and analyzing data to spot trends and discrepancies.

Qualifications

• At least 2 years working experience in accounting field.
• Prefer experience in insurance or financial institutions.

Responsibilities

• Record reinsurance premiums, claims, and adjustments in the general ledger.
• Reconcile reinsurance accounts and cash flows with counterparties.
• Assist Finance Reporting team with month/year-end closes.
• Analyze data to validate reports and identify discrepancies.

Skills

Accounting experience

Job description

Labuan Reinsurance is one of the largest local growth Reinsurance companies with more than 35 years in Global Reinsurance. We currently looking for candidates for the Senior Executive (Technical Accounting) based in our WP LABUAN office.

Job Description

The Job incorporates the process of recording, classifying, and interpreting complex financial data, focusing on the minute details that are intrinsic to reinsurance operations.

Your Key Responsibilities focus on:

• Recording & Processing: Book reinsurance premiums, claims, and related adjustments (commissions, adjustments) in the general ledger.
• Reconciliation: Reconcile reinsurance accounts (payables/receivables) and cash flows with counterparties (cedent companies, brokers).
• Reporting: Assist the Manager in prepare internal reports for the Finance Reporting team such as month/year-end closes.
• Analysis: Assist the Manager and Finance Reporting team to analyze data on trends, validate reports, and discrepancies when necessary.

Job Requirement

• This position is based Labuan Wilayah Persekutuan.
• At least 2 years Working experience in accounting field, and preferably from insurance or any financial institution and core function in Technical Accounting.

Attributes

• Self-starter and work independently on projects, tasks, and learning.
• Able to communicate with peers.
• Willing to learn
• Competent

We offer opportunities to fast track your career growth with technical training and training certification based on your career interest.