Reinsurance and Credit Control Accountant [year]

Job Summary

Key Responsibilities

Reinsurance Management

• Compile and process quarterly reinsurance returns.
• Reconcile with reinsurers and reinsurance brokers for timely premium settlements.
• Coordinate with the claims department to ensure prompt notification and follow-up on treaty and facultative claims.
• Prepare accurate quarterly and annual reinsurance reconciliation statements.
• Review and audit system reinsurance transactions monthly for accuracy and completeness.

Credit Control

• Reconcile client and intermediary statements and guide correct receipting.
• Collaborate with underwriting and claims teams to share monthly statements and follow up on collections.
• Oversee and process payments to intermediaries for approval.
• Supervise cashiers and credit control officers to ensure proper receipting and timely banking of premiums.
• Follow up on commitments made in approved payment plans and generate reports on external debt recovery.
• Reverse bounced cheques and engage clients for replacements; submit monthly reports.
• Check RTGS, EFT, and IPF remittances and facilitate receipting within 2 days.

Reconciliations & Monthly Duties

• Perform sticker and COMESA card reconciliations.
• Share and reconcile monthly statements with intermediaries and reinsurers.
• Ensure all premiums are receipted within 30 days.
• Submit allocation details to the cashier by the last day of each month for timely period closure.

Other Duties

• Perform other tasks as assigned by management in line with the role.

Qualifications and Experience

Academic

• Bachelor’s Degree in Finance, Accounting, Actuarial Science, Statistics, Business Administration, or a related field from a recognized institution.
• A Master’s Degree in a business-related field is an added advantage.

Professional Qualifications

• CPA (U) or ACCA certification is mandatory.

Experience

• At least three (3) years of relevant experience in a similar role, preferably in the insurance or financial services industry.

Skills and Competencies

• Strong understanding of insurance industry regulations and compliance requirements.
• Excellent analytical, problem-solving, and reconciliation skills.
• Strong communication and interpersonal abilities.
• Proficiency in Microsoft Office and accounting software.
• Detail-oriented with the ability to manage multiple tasks and deadlines.

How to Apply

• Application letter
• Curriculum Vitae (CV)
• Copies of academic and professional certificates