Job Title: Accounts Assistant
Hiring Organization: ICEA Lion Group
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Insurance
Job Type: Full Time
Salary: KES
Date Posted: 07/13/2024
Job
Summary
The
Accounts Assistant Reinsurance is responsible for assisting the Senior
Assistant Manager Reinsurance in reconciling reinsurance balances as well as
following up on collection of premium and claims amounts as well as payment of
outstanding premium amounts.
Roles and Responsibilities
- Managing
Reinsurers’ receivable balances in the form of both premiums and claims
receivable to ensure these balances are timely collected.
- Managing
reinsurance premium payments to reinsurers and ensuring that reinsurance
premium is promptly paid.
- Ensuring that
all reinsurance balances are reconciled quarterly and signed off as a
control measure before statements are printed.
- Regularly making
contact with reinsurers, ensuring all relevant debts are managed as
necessary and also to resolve any queries arising and reconciling where
necessary.
- Ensuring the
company’s policy credit policy on reinsurance balances is adhered to as
well as monitoring credit limits issued to various clients.
- Ensuring that
proper documents are available for all reinsurance parties before an
account is opened.
- Overseeing
production and issuance of statements for reinsurance balances as well as
reports for auditors and management.
- Ensuring that
reinsurance databases are updated regularly and maintained with current
activity.
- Ensuring all
receipts are promptly allocated to respective reinsurance balances.
- Ensuring that
information on policies which are to be cancelled are promptly
communicated to the underwriting team.
- Ensuring the
finance reinsurance team regularly contact reinsurers by telephone, e‐mail,
letters, and personal visitations for the purpose of collection.
- Maintaining an
accurate memorandum account for subrogation’s to ensure timely follow up
and collection.
- Ensure that
withholding tax relating to reinsurance balances is promptly paid and
accounted for.
Academic
and Professional Qualifications
- Bachelor’s
Degree in Accounting, Finance, Economics, Business, or a related
discipline from a reputable university.
- Professional
qualification(s) e.g. ACCA, CPA (K) or equivalent is an added advantage
- At least one
year’s experience in reinsurance and credit management in a busy finance
institution, preferably a General Insurer.
Core
Technical competencies
- Must be a
self-starter, highly organized, and able to work well with people at all
levels in the organization
- Analytical and
creative thinking skills
- Project
management skills
- Good customer
relationship management skills (internal and external customers)
- Good
communication skills, both written and verbal.
- Self-motivated
but able to work as part of a team.
- Good
organizational and time-management skills.
- Positive
attitude, self-motivated, self-driven, and able to work with minimal
supervision.
- Good negotiation
skills and persuasiveness.
- Trustworthiness
and discretion when handling confidential information.
How To
Apply
Send your application to recruitment@icealion.com quoting
the title Accounts Assistant on the subject.
