Reinsurance Client Accountant

Munich Re; Johannesburg; Hybrid; ZAR 450,000 - 600,000; Full time

Job summary

A global reinsurance company is looking for a Reinsurance Accountant in Johannesburg. This role involves managing reinsurance accounting and claims, verifying statements, and ensuring data quality. Ideal candidates will have a finance degree and at least 3 years of relevant experience. The company promotes a hybrid working environment and values diverse backgrounds.

Benefits

Life and Health Benefits

Retirement Benefits

Bonus Scheme

Employee Assistance Program

Qualifications

• At least 3 years’ experience in Reinsurance Accounting and Claims Handling.
• Self-confident approach with dedication to effective and independent work.
• Professional working proficiency in English.

Responsibilities

• Create contracts and maintain treaty and facultative master data.
• Verify reinsurance statements of account from clients.
• Process the statements of account in SAP FS-RI systems.

Skills

Analytical skills

Accuracy

Intercultural competence

Team spirit

Education

Degree in finance, accounting, risk management, insurance, or economics

Tools

SAP FS-RI systems

Job description

Overview

We are looking for a Reinsurance Accountant to join our dynamic team, where you will have the opportunity to apply your skills in a multicultural and evolving setting. You will provide reinsurance accounting and claims handling services to Munich Re clients and support accounting operations within the unit. This requires efficient management of a reinsurance accounting and claims portfolio.

Your Role

• Create contracts and maintain treaty and facultative master data
• Verify reinsurance statements of account from our clients based on the terms and conditions of the wording and by checking specific calculations
• Process the statements of account in our SAP FS-RI systems, including the use of automation tools
• Claims creation and processing for treaty and facultative business
• Ensure data quality and perform quality checks at contract level
• Performing credit control activities (balance confirmation, dunning, reconciliation of accounts and attending to payments) to ensure that the portfolio is kept current
• Regular client interactions to strengthen our partnerships, driving an efficient, and client-centric culture
• Cooperation and collaboration with the Departments (Underwriters, Client Managers, Facultative Underwriting Assistants) and the Reinsurance Accounting International Organization
• Present reinsurance and accounting matters to stakeholders
• Participate in challenging projects and working groups globally if applicable

Your profile

• Degree in finance, accounting, risk management, insurance or economics
• At least 3 years’ experience in Reinsurance Accounting, and Claims Handling
• Analytical skills and accuracy in dealing with figures
• Self-confident approach combined with a high degree of dedication to working effectively and independently, willing to face new responsibilities
• High degree of intercultural competence and team spirit
• Professional working proficiency in English

Benefits

• Life and Health Benefits
• Retirement Benefits
• Hybrid working environment
• Bonus Scheme
• Employee Assistance Program

At Munich Re, we embrace and value the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation of our open culture and spirit of partnership. It shapes how our teams are built and cultivated and how we are supported and developed. And at the center of this interaction is each of us. As part of our commitment to opportunity, growth and diversity, preference may be given to candidates in line with our Employment Equity Plan