Back to job search

Technical Accountant (Actuarial), Finance

  • Location:

    Singapore

  • Salary:

    Negotiable

  • Contact:

    Candy Chew

  • Contact email:

    Candy.Chew@weareoliverjames.com

  • Job ref:

    JOB-032021-137919_1615884966

  • Published:

    7 dagen geleden

  • Expiry date:

    2021-04-15

A leading insurer is seeking for a Technical Accountant to support the review, management and booking of insurance technical financial data, accounting transactions and balances, technical financial reporting and servicing actuarial review requirements

Main Responsibilities:

  • Review, collate, manage and store insurance financial technical data from underlying sources of core insurance system, business intelligence database and financial system, with clear audit trails
  • From this data and transaction interfaces apply the necessary technical reviews, checks and calculations to generate the required monthly, quarterly and yearly insurance technical claims and reinsurance P&L and B/S journals and transactions (Case, IBNR, ICHE, PAD and RI). Prepare accounting entries for Gross, and Gross to Net (monthly, quarterly, yearly)
  • Ensure technical accounting positions (B/S) and movements are consistent with underwriting system
    • Generate monthly statement of P&L movement
    • Generate monthly reconciliation statement of Balance Sheet positions
  • Develops, enhance, streamline and automate technical insurance accounting processes and tools on an ongoing basis
  • Provide claims development triangles and associated technical data to actuarial partners on a quarterly, and as required (ad hoc) bases working closely with Underwriting function
  • Manage and prepareReinsurer Statements (quarterly) together with associated technical data supports (eg claimsbordereau)
    • Submission of quarterly technical statement to reinsurers
    • Resolve queries raise by reinsurers
    • Manage settlement of statement of accounts with reinsurers
    • Prepare accounting entries for all reinsurance transaction
  • Develop with colleagues, technical insurance transactional cash-flow models for 12 months rolling
  • Assist in control, budgeting and forecasting process on technical insurance data, developments, balances and other forward-looking technical data forecast and cash-flows; including run-off management
  • Maintain on-going accounting positions of technical reserves by Accident Year and Underwriting Year inside the accounting system and ensure consistent with underwriting system
  • Manage and prepare monthly financial reserves reports to Head of Finance and CFO

Experience

  • 5 years general insurance actuarial or technical financial accounting experience in general insurer managing technical accounts
  • Familiar with Singapore technical general insurance accounting, reinsurance and GAP including ICHE, PAD accounting

Image 2020 11 03 T18 19 45

The latest OJ Webinar

Are you looking to relocate?