JOB DETAILS:
Background:
This position works closely with the Chief Finance Officer to support the related reinsurance operations of the Company. The position also involves coordination of local regulatory and group reporting requirements.
Main responsibilities:
The following are the key duties and roles of the Reinsurance Accountant:
1. Financial Reporting
• Preparation of treaty quarterly statements to reinsurers & reinsurance brokers
• Maintaining and preparation of monthly facultative statements
• Ensuring prompt rendering of treaty and facultative accounts to reinsurers and settlement of balances on quarterly basis
• Preparing claims statistics information and data for year-end accounts closing
• Prepare annual reinsurance returns including portfolio transfers and withdrawal as well as adjustments
2. Reinsurance Credit Control Click Here to View the Full Job Description >>>
• Follow up on settlement of balances and claims recoverable from reinsurers.
• Coordinate with Claims team for prompt notification of losses to treaty reinsurers and pursue timely recovery of claims.