Key Responsibilities:
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1. To manage and control Reassurance treaties between clients and 3rd Party Reassurers in accordance with agreed client Service Level Agreements.
2. Administer and control the flow of Reassurance Premiums paid to relevant parties.
3. Ensure accurate and timely administration and control of Reassurance Claim recoveries.
4. Calculate and record reassurance Accruals / Prepayments at month-end, posting appropriate journals to the General Ledger.
5. Assist in managing and controlling elements of the General Ledger related to 3rd party reassurance.
6. Monitor reassurance payments through bank accounts, posting appropriate general ledger journals as necessary.
7. Undertake system downloads for reassurance information.
8. Conduct regular reconciliations of reassurance balances and resolve any discrepancies promptly.
9. Provide required information to reassurers in line with treaty requirements.
10. Respond to queries from various departments, clients, and reassurers regarding reassurance-related matters.
11. Offer support and cover for other finance administration tasks within the Finance Operations Team as needed.
12. Perform ad hoc financial tasks as requested by management or team leaders.