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Associate, Reinsurance (RI) Accounting

Great Eastern Malaysia
Kuala Lumpur, Malaysia
Closing date
Jul 18, 2024

View more

Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia's leading insurer for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement - from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose 'we' over 'me'. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Assistant Manager, Reinsurance Accounting (GEGM).

Job Purpose

  • Timely closing of accounts to meet all reporting deadlines.
  • To comply with all required procedures on reinsurance account.
  • Prompt and efficient reconciliation on account balances.
  • Working closely with distribution, processing, finance and external parties in the process of RI premium settlement and debt collection, preparation of reinsurance related reports.

The Job

  • Ensure timely to prepared on month end closing (RI related accounts), submission of reports to management, regional office and regulators.
  • To prepare and performing reconciliation for RI related account.
  • Monitoring of outstanding premium and claims recovery (RI related accounts).
  • To perform manual matching, Issue journal adjustment, payment and receipts.
  • Any ad hoc and new tasks as assigned.
  • Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
  • Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
  • Highlights any potential concerns /risks and proactively shares best risk management practices.

Our Requirements

  • Possess at least a degree in accounting or professional qualification (ACCA, CPA, MICPA, CIMA).
  • At least 3-5 years of relevant working experience in finance and accounting in General Insurance industry.
  • Possess good inter-personal, communication, leadership and management skills.
  • Good knowledge in Reinsurance Accounting and operational systems.
  • Strong organization and analytical skills.
  • Proficient in Microsoft Excel and Power Point.
  • In depth knowledge of Reinsurance and MFRSs will be on added advantage.
  • Self-motivated, able to work independently.
  • High level of integrity, takes accountability of work and good attitude over teamwork.
  • Takes initiative to improve current state of things and adaptable to embrace new changes.

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Location:Menara Great Eastern (HQ)

Entity: Great Eastern General Malaysia

Employment Type: Permanent

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