The Technical Accounting Officer will provide support to the Technical Accounting and Finance Function of the Regional Office, within the Group’s overall policy & guidelines and consistent with the highest standards of client service.
Duties & Responsibilities
- Contract Establishment: Establish contracts in SICS, both renewal and new based on signed slips by capturing all relevant details within set timelines.
- Record Keeping: Maintaining proper records of all transactions received and save in the proper folder in SharePoint.
- Technical Accounts Verification: Verify Technical Accounts (Proportional and Non-Proportional) received from cedent/broker and make sure proper processing of all technical transactions in the system, including periodic returns, MDPs, premium adjustments, cash call refunds, etc.
- Bordeaux Review: Review premium and claim Bordeaux to make sure all are in order before processing technical transactions.
- Document Issuance: Issue confirmation statement debit/credit notes to cedants/brokers after processing transactions.
- Client Correspondence: Attending to client correspondences timely and respond appropriately.
- Quality Service: Provide and deliver quality services to cedants/brokers and internal customers.
- Reconciliation & SOA: Generate Statement of Accounts (SOA) periodically and perform periodic accounts reconciliations with respective cedants/brokers for agreement, follow-up settlement of balances.
- Settlement Preparation: Prepare settlement memo with relevant statement of accounts when account balances are due to Broker/cedent.
- Cash Matching: Cash-matching of receipts and payments with related reinsurance debtors and creditors transactions for assigned Portfolio/ Account.
- Follow-up: Follow up systematically missing returns (Quarterly/semiannually/ yearly), Premium adjustments, commission adjustments and uncredited cash loss credits.
- Payment Verification: Follow up and request payment details from the cedants/brokers for receipts not supported to facilitate cash-matching.
- Cedant Reconciliations: Reconcile balances with Cedants and Brokers.
- Management Reporting: Prepare periodic management reports in collaboration with colleagues in the regional office.
- Audit Support: Attending internal/external Audit and technical inspections queries timely and take appropriate action based on the recommendations provided within agreed timeline.
- Other Duties: Attending to other duties as may be assigned by the Supervisor from time to time.
Qualifications and Experience
Applicants shall be holders of:
- First University Degree in relevant fields plus full Insurance/Reinsurance/Accounting Professional Qualification, plus 5 years post qualification relevant work experience with emphasis on insurance/reinsurance underwriting and technical accounting (both treaty and Facultative).
Or
- First University Degree in relevant field plus 7 years post qualification relevant work experience with emphasis on insurance/reinsurance underwriting (both treaty and Facultative).
- Relevant work experience in a reputable Insurance/Reinsurance organization at a similar level is an added advantage.
- Relevant Professional qualifications (ACII, CPA, ACCA or equivalent) will be a strong advantage.
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