Job Description

Company

Munich Re

Location

Mumbai , India

Job Purpose

This position performs reinsurance technical accounting administration and reporting activities in a timely and accurate manner. The position also participates in various projects involving automation, changes to current systems, implementation of new systems, and various process improvement initiatives.

Key Responsibilities

Ensure that client accounts are processed timely and quality of processing reporting is ensured Support quarterly assurance activities for Non-Life i.e. Property & Casualty (P&C) incl. analysis of client information (data) to ensure adequacy for appropriate account processing and reporting. Ensure Key Performance Indicator targets in client accounting are met; E.g. Timely and accurate processing of all client statements, receipts and maintaining healthy client receivables/payables position Support Treaty Maintenance activities for Non-Life / P&C Support in local regulatory and governance reporting requirements; ensuring adequate explanations are provided for queries raised by internal or external stakeholders e.g. IRDAI Lead/support key projects in the branch and/or regional CFO team e.g. projects to improve efficiency and quality of RI Administration process

Education & Experience

Chartered Accountant with 1 to 2 years of experience Experience in General Insurance or Reinsurance Industry administration will be an advantage. Past experience in audit or consulting (advantageous) Intermediate/Advanced knowledge of insurance accounting; Intermediate/Advanced proficiency in MS Excel and IT skills;

Competencies

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Good organisational skill Goal oriented with ability to independently complete tasks with minimal oversight Proficient communication and interpersonal skills Critical thinking abilities Effective problem solving

About Munich Re

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Founded in 1880, Munich Re Group is one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions.


As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business.


Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1900 team members in 20 locations. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.