We are a reputable source of cutting-edge insurance options, catering to a diverse range of clients, bothindividuals 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 GL and 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 fromcedants/Broker
- Review monthly reconciliation reports for Treaty SOA bookings, Cash call and PLA/RLAbookings
- 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 fulfil the purposes for which they were collected, or as required or permitted by applicable laws. Should you disagree, please contact our Data Protection Officer for more information on the retention and disposal of your personal data.
