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Reinsurance Client Accountant

Location Johannesburg, South Africa Job type Full-Time Work mode Hybrid Job level Professional Job ID 10645 Company Munich Re Employment type Regular Area of expertise Finance, Accounting & Controlling
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Career Level 3

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

Our 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

#LI-Hybrid

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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