Officer – Accounts; Reinsurance

Responsibilities

• Reconciling and settling of quarterly treaty reinsurance balances.
• Reconciling and settling facultative reinsurance Fac RI premiums before the expiry of PPW after coordination with the credit control team.
• MDP settlements on their respective due dates.
• Review PPW report and coordinate with the credit control team if the premium is not collected.
• Follow up on XOL recovery claims.
• Maintain a list of cash calls made and recovery of the same.
• Monthly and quarterly treaty accounts posting in the system.
• Ensure that all financial transactions are posted correctly within the specified timeframe.
• Timely allocation of RI settlements in the system.
• Follow up on TAX invoices and proceed with the direct billing process for the UAE based FAC policies.
• Coordinate with the reinsurance team and the underwriting team for any discrepancy in the booking.

• Holding a Bachelor of Commerce, Bachelor of Accounting, or ACCA is a value‑added credential.
• Advanced MS Excel proficiency.
• Excellent analytical skills.
• More than 3 years of reinsurance accounting experience in the insurance industry is preferable.