Reporting to the Reinsurance and Partnerships Manager, the Reinsurance Officer’s purpose is to participate in all phases of reinsurance arrangement, accounting and reporting, from the initial phases of treaty development, coordination with third parties, monthly processing and recognition of appropriate assets, liabilities, income and expense items and periodic reporting.
Job Responsibilities
Participate in reinsurance treaties arrangements and negotiations with reinsurers.
Carry out facultative business placement and acceptance.
Ensure collection of all claims recoveries (and payments) pertaining to treaty and facultative business.
Assist in facilitating audits from reinsurers and for completing audits for reinsurance assumed with 3rd parties;
Timely and accurate reconciliation of reinsurance accounts on a monthly basis, making necessary adjustments as appropriate.
Prepare the accounting and reporting entries and reports for different treaties.
Participate in the strategic direction of the Reinsurance Department.
Any other duties assigned by your supervisor.
Qualifications
Relevant University degree (Actuarial, Insurance, Economics etc.)
CPA/ACII qualification will be an added advantage.
3 years’ experience in Reinsurance accounting.
Desired Skills and Qualities
Strong computer knowledge including working knowledge of financial based accounting packages, database, spreadsheets and word processing software.
Knowledge of reinsurance processes, treaties and administration software’s will be an added advantage.
Strong verbal and writing skills.
Strong analytic skills and attention to detail.
Ability to produce in a fast-paced environment while addressing projects and responsibilities effectively.
