Assistant Manager, Treaty Reinsurance Technical Accounts

MS FIRST CAPITAL INSURANCE LIMITED; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A prominent insurance company based in Singapore is looking for a professional with a minimum of 5 years' experience in the reinsurance industry to handle technical accounts. Candidates should have a diploma or degree in a numerical discipline and be proficient in Microsoft Office. The role involves reviewing treaty closings, ensuring timely account settlements, and participating in process improvement projects. Competitive compensation and training opportunities are provided.

Benefits

Comprehensive professional training

Sponsorship of professional qualifications

Friendly and collaborative culture

Competitive compensation package

Qualifications

• Min 5 years’ relevant experience in the Reinsurance industry handling Reinsurance Technical Accounts.
• Strong proficiency in Microsoft Office is required.
• Excellent communication, organisational, and time management skills are essential.

Responsibilities

• Review quarterly Treaty closings for rendering.
• Ensure timely settlement and collection of account balances from/to reinsurers.
• Participate in projects aimed at improving process proficiency.

Skills

Microsoft Office (Word/Excel)

Good communication skills

Good organisational skills

Good time management

Team player

Education

Diploma/Degree in a numerical discipline

Job description

We are a reputable source of cutting-edge insurance options, catering to a diverse range of clients, both individuals and corporate. We are proud that our financial strength rating of 'A (Excellent)' with 'Stable' outlook has been reaffirmed by AM Best, given our consistently impressive financial performance.

This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore's bustling financial services sector. As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector.

As a member of our young talent pool, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.

Responsibilities

Outward Treaties

• Review quarterly Treaty closings for rendering
• Review reconciliations of Treaty Reports with GLand SOA every quarter
• Review quarterly Profit Commission workings, XOL claims computation, Reinstatement premiums, Indexation
• Review and sign off Treaty SOAs
• Ensure timely settlement and collection of account balances from/to reinsurers
• Review various quarterly Treaty statistics and Large claims report
• Assist in Treaty annual renewal package

Inward Treaties

• Review accuracy of Inward Treaty Statements from Cedants for booking into system
• Oversee timely booking of treaty Statement of accounts and sign off Treaty bookings
• Preparation of Sliding scale commission, Loss Participation accounts and Profit Commissions
• Review ageing reports and ensure collection of balances on timely manner
• Review monthly Treaty Closings monitor to ensure timely receipt of SOAs from cedants/Broker
• Review monthly reconciliation reports for Treaty SOA bookings, Cash call and PLA/RLA bookings
• Review monthly IFRS17 report (Inward Treaty EPI)

Retro Treaties

• Prepare month end reconciliation for Inward to Retro bookings using system reports
• Review Retro Reinsurance SOA for rendering to reinsurers/Brokers

Others

• Participate in projects aimed at improving process proficiency
• Prepared to take up any tasks as required by Management

Requirements

• Diploma/Degree holder ideally from a numerical discipline
• Min 5 years’ relevant experience in Reinsurance industry handling Reinsurance Technical Accounts
• Proficient in Microsoft Office (Word/Excel)
• Good communication and organisation skills
• Good time management
• Team player

Due to the volume of applications received, we will only contact shortlisted candidates. We may retain your personal data for as long as it is necessary to fulfill the purposes for which it was collected, or as required or permitted by applicable laws. Should you disagree, please contact our Data Protection Officer [e-mail] for more information on the retention and disposal of your personal data.