Job Purpose
We are looking for a detail-oriented and proactive professional to manage and oversee reinsurance financial transactions. In this role, you will ensure the accuracy of financial data, timely settlement of payables and receivables, and effective coordination with reinsurers—playing a key part in maintaining the company's financial integrity and operational efficiency.
Key Responsibilities
Reinsurance Payments & Account Management
- Manage and process payments to reinsurers and ceding companies in a timely manner
- Monitor facultative accounts due within the month, with close attention to Premium Payment Warranties
- Handle accounting activities for non-proportional treaty accounts
- Reconcile and analyze Statements of Account (S/A) from reinsurers and validate balances
- Prepare monthly reports on reinsurance balances and net positions
Billing & Collections
- Manage billing and collection of receivables from reinsurers
- Review cash calls and coordinate with claims officers to validate completeness and accuracy of documentation
- Maintain organized and up-to-date records, including S/As, official receipts, cash vouchers, and loss advice.
- Proactively follow up on outstanding payments, including cash calls and facultative premiums
Reporting & Compliance
- Prepare required reports and schedules for outward facultative reinsurance.
- Ensure timely and accurate submission of regulatory reports, including those for the Insurance Commission.
Qualifications
- Bachelor's degree in accountancy or any related Accounting course
- At least 3–5 years of relevant experience in Reinsurance Accounting is preferred
- CPA license is an advantage, but not required
- Strong analytical and problem-solving skills with the ability to interpret financial data
- Proficient in MS Office applications (Excel, Word, PowerPoint), with experience in data analysis tools
- Excellent communication skills in English, both written and verbal
- High level of accuracy and attention to detail
Why Join Us
- Be part of a collaborative and dynamic team in the insurance industry
- Gain valuable exposure to both facultative and treaty reinsurance processes
- Play a critical role in ensuring financial accuracy and business continuity
