This role involves recording, reconciling, and reporting premiums, claims, commissions, and recoveries related to reinsurance contracts. The role ensures accurate financial reporting, compliance with accounting standards, and proper settlement between insurers and reinsurers.
Requirements
- Record and manage reinsurance premium, claims, commissions, and recoveries in accounting systems.
- Prepare and process reinsurance bordereaux, statements of accounts, and settlements with reinsurers and brokers.
- Perform account reconciliations for reinsurance balances and resolve discrepancies.
- Monitor and track reinsurance recoverables and payables to ensure timely collections and payments.
- Support month-end and year-end closing activities related to reinsurance transactions.
- Ensure accuracy and compliance with accounting standards, internal controls, and company policies.
- Collaborate with underwriting, claims, and finance teams to validate reinsurance data.
- Assist in financial reporting, audits, and regulatory requirements related to reinsurance.
- Analyze reinsurance transactions and provide reports on premiums, claims, and recoveries.
