Reinsurance Officer

• Perform on reinsurance monthly, quarterly and yearly closing process.
• Ensure general ledger shows all accounting transactions for given period and reconciliations are conducted.
• Prepare monthly or quarterly journal entries relevant to reinsurance.
• Evaluate and process utmost complicated domestic as well as international reinsurance unspecified treaty accounts.
• Review profit commissions accounts and adjust retrospective premium.
• Perform calculation of unjustified premium and audit related treaty provisions following treaty terms.
• Collaborate with accounts statements rendered by cedant.
• Recommend management on implicit and ceded reinsurance account along with policies and processing claims.
• Supervise and confirm all security actions involving letters of credit, funds withheld and trusts.
• Ensure to correctly maintain all account complying with agreements terms.
• Conduct balances recovery on complicated reinsurance accounts through working with brokers and reinsurers.
• Develop and maintain relations with collections unit to search and resolve complicated settlement issues.
• Identify key changes in losses incurred and leftover balance loss reserves.
• Prepare reinsurance analysis reports for management review.
• Develop financial illustrations for various pooling and captive arrangements.
• Suitable candidates must possess a B.Sc. or HND in Insurance, Accounting, Business Administration and Other related fields
• Minimum of 2 years experience in the insurance industry.
• Strong organization and time management skill.
• Proficient in Microsoft Office applications.
• Must be number Savvy.

Only qualified candidates will be contacted.