RI Accounting & Claims Handling Analyst

Reinsurance Accounting & Claims Handling Analyst

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

Future focused and always one step ahead!

The Reinsurance Accounting & Claims Handling Analyst is responsible for the timely and accurate recording of client company contract, premium and loss related information into the Company’s global reinsurance systems.  Requires the ability to work with and analyze client reported data received in various levels of detail and formats. 

Responsibilities          

Responsibilities for this role will primarily focus on handling the following accounting related tasks with guidance and in accordance with agreed upon best practices, policies and procedures, and/or service level agreements:

• Creating new treaty and facultative losses
• Determining and posting proper reserves
• Processing payment transactions (incoming and outgoing) in accordance with contract terms
• Contract coverage research and interpretation
• Research and reconciliation of financial matters
• Maintain current accounts receivable
• May prepare result dependent condition calculations
• Resolve quality assurance tasks or questions
• Participate in quarter close process
• Participate in projects when needed 

Qualifications

Successful candidates will possess the following skills/capabilities:       

• Associates or Bachelor’s Degree, preferably in Accounting, Finance, Mathematics, Computer Science, Data Science/Analytics or equivalent experience.

• Strong attention to detail, time management and decision-making skills

• Interpersonal skills including verbal and written communication, relationships and teamwork
• Solid math and analytic skills
• Proficiency with Microsoft Office (Outlook, Word, Excel) which includes the ability to learn new and complex computer system applications Data manipulation and analysis. Excel required

The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company’s Princeton location.

The base salary range anticipated for this position is $53,000- $73,000 plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate displayed represents the typical salary range for candidates hired in this position in Princeton, NJ. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

 At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

#LI-JR1