Job Overview:
The Reinsurance Assistant will ensure timely and accurate handling of all administrative aspects
of treaty and facultative reinsurance operations, including managing correspondence with
reinsurers, preparing accounts, and coordinating with internal teams. The role involves
supporting reinsurance processes, resolving account issues, and assisting with financial
reconciliations.
Key Responsibilities:
Manage administrative tasks for treaty and facultative reinsurance operations, including
handling correspondence with reinsurers and brokers, and ensuring the timely exchange
of signed closings.
Prepare and send quarterly technical Statements of Account (SOA) to treaty participants
based on underwriting year.
Review and settle monthly reinsurance accounts for facultative placements.
Act as a liaison between reinsurers and claims personnel to resolve issues related to
collections.
Address routine problems and inquiries directly related to the reinsurance accounting
function.
Prepare and send debit and credit advices to reinsurers and follow up on countersigned
documents.
Reconcile Statements of Account and update treaty statistics on a quarterly basis.
Calculate adjustments for proportional and non-proportional treaties when necessary
(e.g., PC/final premium adjustments).
Generate reports in coordination with the Reinsurance Manager, including quarterly
activity reports.
Maintain effective relationships with internal teams and external business partners.
Actively participate in month-end, quarter-end, and year-end financial close processes.
Perform daily administrative activities related to reinsurance.
Prepare a quarterly facultative summary for reinsurers and provide reports to
Compliance/CEO within 10 working days.
Note: The duties and responsibilities outlined are illustrative and may evolve as per
organizational needs.
Skills
Qualifications:
Education: Bachelor’s degree in Accounting, Finance, or Commerce.
Experience:
0-2 years of experience in accounting or a similar role.
Skills & Attributes:
Strong time management skills with the ability to set realistic timeframes for goal
achievement.
Ability to adapt to change, deal with the unexpected, and take action in new ways when
necessary.
Languages:
Fluency in English.