Reinsurance Accounting Manager - Sandton, South Africa - Guardrisk

Guardrisk

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Introduction

Accurately control and process financial information and prepare reinsurance financial reports and analysis to enable business processes in respect of reinsurance accounting and manage a team of reinsurance accountants and be able to review, guide and assist where necessary while serving as a custodian for controls implemented on reinsurance accounting across the non-life license.

Role Purpose

Requirements:

Degree in Financial Management or Accounting
At least 5+ years' experience in accounting and reporting
At least 5+ years experience in reinsurance accounting

Duties & Responsibilities

Management of the reinsurance accounting function for Guardrisk Insurance cell captive & Guardrisk General Insurance (by portfolio of clients allocated).
Serves as an advisor to the client accounting team for reinsurance challenges, structural setup and other reinsurance matters which impact the client account team
Manage and coordinate reporting into divisional heads for month end reporting
Serve as back up accountant in absence of reinsurance accounts for financial month end
Oversee and manage the nonproportional claims accounting process, including reporting to divisional heads and/other
Maintain control of the reinsurance accounting environment by:
Ensuring regular interaction with portfolio managers on all reinsurerance matters
Reviewing the nonlife reinsurance balance sheet and associated reconciliations
Reviewing the nonlife reinsurance accounts prior to submissions
Serving as support and backup for reinsurance accountants and/ portfolio accountants where necessary
Implementing control measures as required for process optimisation
Serve as the custodian for all audit engagements
Provide authoritative, expertise and advice to clients in respect of reporting requirements
Facilitate client engagements specific to reinsurance accounting and reporting with clients including client reporting
Build and maintain relationships with clients
Ensure the reinsurance accounting team delivers on service level agreements made with client and ensure appropriate processes are in place to deliver per clients expectations
Make recommendations to improvement client service within area of responsibility
Build and maintain relationships with reinsurance brokers and/ reinsurers
Take ownership for driving career development and team development
Implement and provide feedback on the effectiveness of financial policy, practice and procedures preventing illegal, unethical or improper conduct