Key tasks & responsibilities
~ Undertake the following tasks in respect of the Reassurance treaties that exist between our clients and 3rd Party Reassurers and in line with agreed client SLA's:-
~ Administer and control Reassurance Premiums paid
~ Administer and control Reassurance Claim recoveries
~ Calculate reassurance Accruals / Prepayments at month-end and post appropriate journals to the General Ledger
~ Assist in the management and control the elements of the General Ledger that relate to 3rd party reassurance
~ Monitor reassurance payments through the bank account and post appropriate general ledger journals
~ Undertake appropriate system downloads in respect of reassurance information
~ Undertake reassurance Balance Sheet reconciliation’s and ensure the timely resolution of all reconciling items
~ Provide all information to the reassurers in line with the treaty requirements
~ Respond to reassurance queries from other departments, clients and the reassurers
~ Provide cover and assist where needed with all other finance administration tasks undertaken within the Finance Operations Team
~ Ad hoc financial tasks as requested