Reinsurance Technical Accounts Specialist
6 hours ago
**Role Overview**
We are seeking a highly skilled Reinsurance Technical Accounts Specialist to join our team at Empire Recruitment. This is an excellent opportunity for experienced professionals to leverage their expertise and contribute to the critical backbone of our operations.
**Key Responsibilities:**
- Accurately review data entry for Facultative, Proportional, and Non-Proportional Treaty Accounting to ensure precision.
- Supervise all aspects of Reinsurance Technical Accounts to guarantee accuracy and timeliness.
- Analyse monthly reports and reconciliations to identify potential issues.
- Monitor outstanding losses balances and contribute to quarterly reports to provide valuable insights.
- Calculate profit commissions to facilitate informed financial decisions.
- Prepare detailed Age-Analysis Reports for management to enhance decision-making.
- Collaborate with stakeholders to resolve client queries promptly and effectively.
- Authorise and release disbursements via the online banking system while maintaining compliance.
- Process Reinsurance Treaty and Facultative Accounts efficiently.
- Audit journal entries onto the accounting system to ensure accuracy.
- Ensure smooth month-end processing and reporting to meet deadlines.
- Oversee cash calls and claims processing to maintain optimal accuracy.
- Maintain cashbooks and perform bank reconciliations for Premium and Claim Bank Accounts.
- Calculate monthly forex gain/loss on cash receipt transactions to inform business decisions.
**Requirements and Qualifications:**
- Minimum 3 years' experience in a similar role within the insurance industry.
- Proficiency in accounting software, including Accpac.
- Strong analytical skills and attention to detail.
- Exceptional organisational and time management skills.
- Excellent communication skills for effective query resolution.
- Sound knowledge of financial reporting and accounting principles.
- Proven ability to maintain accurate records and reconciliations.
- Adept at using Microsoft Office Suite, particularly Excel.
**Estimated Salary:** £45,000 - £55,000 per annum, depending on experience and qualifications.
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