The successful candidate will provide support to the Technical Accounting and Finance Function of the Regional Office, within the Group’s overall policy & guidelines and consistent with the highest standards of client service.
Key Responsibilities
The
main duties of the Technical Accounting Officer shall comprise, amongst others,
the following:
- Establish contracts in SICS, both renewal and new based on signed
slips by capturing all relevant details within set timelines.
- Maintaining proper records of all transactions received and save in
the proper folder in SharePoint.
- Verify Technical Accounts (Proportional and Non-Proportional)
received from cedent/broker and make sure proper processing of all
technical transactions in the system, including periodic returns, MDPs,
premium adjustments, cash call refunds, etc.…
- Review premium and claim Bordeaux to make sure all are in order
before processing technical transactions.
- Issue confirmation statement debit/credit notes to cedants/brokers
after processing transactions.
- Attending to client correspondences timely and respond
appropriately.
- Provide and deliver quality services to cedants/brokers and internal
customers.
- Generate Statement of Accounts (SOA) periodically and perform
periodic accounts reconciliations with respective cedants/brokers for
agreement, follow-up settlement of balances.
- Prepare settlement memo with relevant statement of accounts when
account balances are due to Broker/cedent.
- Cash-matching of receipts and payments with related reinsurance
debtors and creditors transactions for assigned Portfolio/ Account.
- Follow up systematically missing returns (Quarterly/semiannually/
yearly), Premium adjustments, commission adjustments and uncredited cash
loss credits.
- Follow up and request payment details from the cedants/brokers for
receipts not supported to facilitate cash-matching.
- Reconcile balances with Cedants and Brokers.
- Prepare periodic management reports in collaboration with colleagues
in the regional office.
- Attending internal/external Audit and technical inspections queries
timely and take appropriate action based on the recommendations provided
within agreed timeline.
- Attending to other duties as may be assigned by the Supervisor from
time to time.
Qualifications
Applicants
shall be holders of:
- First University Degree in relevant fields plus full
Insurance/Reinsurance/Accounting Professional Qualification, plus 5 years
post qualification relevant work experience with emphasis on
insurance/reinsurance underwriting and technical accounting (both treaty
and Facultative).
Or
- First University Degree in relevant field plus 7 years post
qualification relevant work experience with emphasis on
insurance/reinsurance underwriting (both treaty and Facultative).
- Relevant work experience in a reputable Insurance/Reinsurance
organization at a similar level is an added advantage.
- Relevant Professional qualifications (ACII, CPA, ACCA or equivalent)
will be a strong advantage.
How to Apply
