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.
Requirements
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
