Reinsurance Technical Accounts Specialist

1 month ago

Johannesburg, South Africa EMPIRE RECRUITMENT Full time

Join our leading insurance client in the role of Reinsurance Technical Accounts Specialist. If you're looking to leverage your expertise and contribute to the critical backbone of our operations, this role is tailor-made for you.

Job Summary:

As a Reinsurance Technical Accounts Specialist, you will play a pivotal role in the meticulous management of reinsurance technical accounts, ensuring accurate and timely processing and reporting. Your responsibilities will encompass data review, reconciliation, client query resolution, financial reporting, and more.

Key Responsibilities:

  • Review data entry for Facultative, Proportional, and Non-Proportional Treaty Accounting.
  • Supervise all aspects of Reinsurance Technical Accounts to ensure precision.
  • Review monthly reports and reconciliations for accuracy.
  • Monitor outstanding losses balances and contribute to quarterly reports.
  • Calculate profit commissions to facilitate financial decisions.
  • Prepare detailed Age-Analysis Reports for management insights.
  • Contribute to the preparation of quarterly and year-end reports.
  • Collaborate in resolving client queries promptly and effectively.
  • Authorise and release disbursements via the online banking system.
  • Handle processing of Reinsurance Treaty and Facultative Accounts.
  • Accurately capture journal entries onto the accounting system.
  • Ensure smooth month-end processing and reporting.
  • Oversee cash calls and claims processing for optimal accuracy.
  • Take charge of credit control, including follow-ups with Brokers for balances.
  • Maintain cashbooks and perform bank reconciliations for Premium and Claim Bank Accounts.
  • Calculate monthly forex gain/loss on cash receipt transactions.
  • Support in the calculation and booking of premiums and claims recoveries.
  • Collaborate with Underwriting Departments, Brokers, and Clients to address queries.
  • Uphold the integrity of data and contract setup within reinsurance systems.

Qualifications and Skills:

  • Minimum of 3 years' experience in a similar role within the insurance industry.
  • Proficiency in accounting software, including Accpac.
  • Strong analytical skills and a keen eye for 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.
  • Collaborative approach to teamwork and problem-solving.
  • Ability to thrive in a fast-paced and dynamic work environment.

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