Claims Handler

2 days ago


Toronto, Canada Munich Re Full time

**Claims Handler (12 month contract)**:
**Location**
Toronto, Canada

Munich Reinsurance Company of Canada is hiring a Claims Handler for our Toronto office. This role will be responsible for the commercial claims processing including necessary evaluation of entries for casualty/property/special Classes of Businesses (COB's) triggered by treaty and facultative business. In addition, you will support our technical accounting team as required.

This is a 12 month contract opportunity.

Your job

Claims Handling Tasks:

- Check of coverage against contractual metrics, validation of correct calculation, evaluation of payments for single losses and their authorization according to individual authority level.
- Processing of retro losses if applicable.
- Processing of run off losses including commutation if applicable.
- Process claims via the XDI workflow tools within the agreed speed and quality standards.
- Collaborate with various stakeholders especially Claims Management

General Tasks:

- Support colleagues within the Technical Accounting team as required.
- Ensure processes are documented and adhered to.
- Prepare reports and analysis as needed.

**Profile**:
Required Education
- University or College; General accounting courses or college diploma required
- Basic knowledge of (re)insurance desired
- Ongoing upgrading of PC Skills and Accounting knowledge

Preferred Experience
- 1 year of accounting experience
- Working knowledge of SAP desired

Specialized Knowledge and Skills
- Aptitude for figures and strong analytical skills
- Ability to work under pressure and meet deadlines
- Effectively work in a team environment and on an individual basis
- Proficiency in Excel
- Excellent communication, organizational and time management skills
- Attention to detail and accuracy
- (Re)Insurance accounting experience and understanding of contract wordings desired.

About us

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.


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