Reinsurance Accounting Manager

About the job Reinsurance Accounting Manager

I. JOB SUMMARY

The Reinsurance Accounting Manager will be in-charge of the financial accounting and reporting functions related to reinsurance operations for non-life insurance products. This role ensures accurate recording, reconciliation, and reporting of reinsurance transactions while maintaining compliance with regulatory requirements and accounting standards.

II. KEY RESPONSIBILITIES

• Manage month-end, quarter-end, and year-end reinsurance accounting processes including premium calculations, claims recoveries, and commission adjustments.
• Manage reinsurance receivables and payables balances including Reinsurance share on Losses. Monitor the agreed Premium Payment Warranty (PPW) both for Assumed and Ceded Facultative business.
• Handle accounting for various reinsurance arrangements including facultative, quota share, surplus, excess of loss, and catastrophe covers.