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Reinsurance Accountant - Jobs in Toronto

Job LocationToronto
EducationNot Mentioned
SalaryNot Mentioned
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypeContract

Job Description

Job DescriptionAbout this job:This role is based in our PartnerRe Toronto office and will report to the Local Head of Reinsurance Accounting Non-Life based in Stamford. The Reinsurance Accounting Department is responsible to handle premiums and claims accounts received from reinsurance brokers and cedents.Your mission will be to manage an assigned broker/cedent insurance/reinsurance facultative and treaty portfolio, which you will verify, process, monitor and analyze.In more detail your responsibilities will include:

  • Identify, verify, and process regular accounts, commutation accounts, cash losses, profitamp; loss calculations as well as year-end related documents against treaty terms and contractual conditions.
  • Cedant premium and loss reserve handling, cedant statistic analysis and Letter of Creditamp; Pledged Securities handling
  • Monitoring and managing of cash statements including confirmation letters as well as active communication with brokers and cedants
  • Monitoring and managing open balances, identify incoming payment and initiate outgoing payment.
  • Close collaboration with the Claims Department, Paymentsamp; Collections Department, Underwriting Administration Department, and other functional areas.
  • Electronic messaging management and archiving of accounting relevant documents.
  • Performing periodic SOX- and operational controls and assuring correctness of quarterly closing tasks as assigned.

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