Oversee the recording, reconciliation, and settlement of ceded and assumed reinsurance transactions, including premiums, commissions, losses, and recoveries.
Ensure reinsurance contracts are accurately interpreted and accounted for in compliance with company policies, IFRS/GAAP, and regulatory requirements.
Prepare and review monthly, quarterly, and annual reinsurance financial reports; provide variance analysis and explanations for management and regulatory bodies.
Supervise reconciliation of reinsurance accounts, statements of account, and balances with brokers and reinsurers; ensure timely settlement of receivables and payables.
Coordinate internal and external audit processes related to reinsurance; maintain robust internal controls to safeguard the accuracy and integrity of reinsurance financial data.
Identify and implement process enhancements to improve efficiency, accuracy, and compliance in reinsurance accounting workflows.
Work closely with underwriting, claims, finance, and risk teams to ensure alignment between operational activities and financial reporting.
Ensure timely submission of reinsurance-related reports to regulators, rating agencies, and other stakeholders as required.
Qualifications
Bachelor’s degree in accounting, Finance, or a related field; CPA, ACCA, or equivalent certification preferred.
Minimum 5–7 years of progressive accounting experience, with at least 3 years in reinsurance or insurance accounting.
Strong knowledge of reinsurance principles, contracts, and accounting treatments (IFRS 17 knowledge is an advantage).
Proficiency in accounting software and ERP systems; advanced Excel skills.
Experience with reinsurance administration systems is a plus.
Excellent analytical, problem-solving, and organizational skills.
Strong communication and leadership abilities, with experience supervising teams.
High attention to detail and ability to work under tight deadlines.
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