Peak Reinsurance Company Limited ("Peak Re" or the "Company") is a Hong Kong-based global reinsurance company.
Since commencing its operations in 2012, the Company has grown steadily to rank 27th among global reinsurance groups in terms of net reinsurance premiums written.
The Company reported a net profit after tax of USD160 million against reinsurance revenue of USD750 million in the first half of 2023 (six months ended 30 June With a total equity of USD1,260 million as of 30 June 2023, Peak Re enjoys an "A-" rating by AM Best.
Peak Re is authorised by the Insurance Authority of Hong Kong under the Insurance Ordinance (Cap.
41). The Company offers both Property & Casualty ("P&C") and Life & Health ("L&H") reinsurance.
It strives to provide clients around the globe with innovative and tailored reinsurance, risk management and capital management solutions.
Fosun International Limited HK) and Prudential Financial, Inc.
hold approximately 87% and 13% of Peak Re via Peak Reinsurance Holdings Limited, respectively.
Job Responsibilities: Accurately and completely maintain proper reinsurance technical accounting record by correctly interpreting the Statement of Accounts after consulting Property & Casualty functions.
Possess very good understanding of technical accounting interfaces, upstream and downstream functions and stakeholders including the ability to actively manage and contribute to these areas.
Continuously in touch with clients and communicate professionally.
Closely monitor the cash-flow, account receivable aging status and follow up on settlement.
Work closely with market team to update monthly on the cash flow and accounts receivable and bookings status.
Perform data input by following the agreed working procedures / processes of technical accounting.
Constantly challenge the inefficient process in the system and work towards bring new process improvements.
Constantly give feedback and seek areas for improvement in the reporting process, data quality, systems and tool enhancements.
Learn and master Peak Re reinsurance accounting system.
Proactively identify risks, maintain effective controls and address control issues on timely basis.
Job Requirements: Minimum 6-8 years of experience in Technical Accounting.
Good understanding of Reinsurance Markets such as USA, India, Southeast Asia markets, Experience in China Reinsurance market is a definite plus.
Able to identify issues and initiate effective communication with line manager and internal stakeholders.
Able to suggest solutions with strong understanding of the systems.
Good computer knowledge and strong understanding in system's logic.
Detail-oriented, Eager to learn and take up tasks.
Strong team player with good interpersonal and communication skills.
Able to express thoughts and communicate in a clear manner with multinational culture.
Native Mandarin speaker with proficient in verbal and written English.
