Officer – Accounts (Reinsurance)
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About the Role
Responsible for reconciling reinsurance balances, managing financial transactions, and coordinating with teams for accurate premium calculations and reporting.
Key Skills for This Role
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Overview
Reconciling and settling of quarterly treaty reinsurance balances.
Reconciling and settling facultative reinsurance (Fac RI) premiums before the expiry of PPW after coordination with credit control team.
MDP Settlements on respective due dates.
Review PPW report and coordinate with credit control team if the premium is not collected.
Follow up on XOL Recovery claims.
Maintain a list of cash calls made & recovery of the same.
Monthly & Quarterly treaty accounts posting in the system.
Ensure that all financial transactions are posted correctly within the specified timeframe.
Timely allocation of RI settlements in the system.
Follow up TAX invoices and proceed with the direct billing process for the UAE based FAC policies.
Coordinate with reinsurance team / Underwriting team for any discrepancy in the booking.
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