Assumed Reinsurance Accountant required by specialist London market Insurance/Reinsurance provider.
The purpose of the role will be to provide inward proportional and non-proportional treaty management and account processing and relevant oversight.
Day to day responsibilities will include:
- Handling reinsurance accounting for the international reinsurance business. Including but not limited to, analysis and maintenance of accurate treaty accounts, including handling Contingent Commissions, Sliding Scale Commissions, Retrospective Rate Adjustments and Premium Adjustments and processing accounts, ensuring data captured is accurate and within agreed timeframes.
- Manage treaties which include processing and preparing accounts as well as analysing statistics within agreed time frames
- Prepare/Handle and Manage variety of Reports: Overdue Premium Adjustment Reports in a timely manner and escalate complex issues as needed. Production and analysis of weekly, monthly, quarterly reports as part of the close process, including identification of anomalies and resolution (where possible).
- Review and check accuracy of closing/documents of rendered accounts, cash calls, premium and loss reserve deposits.
- Coordinate and collaborate with internal and external clients (Underwriters, brokers, cedants, claims, IT, operations, finance and credit control) to resolve queries or technical issues to facilitate timely and accurate processing of account.
- Collaborate with our cash department regarding overdue balances to reduce Accounts Receivables as well as assist in managing receivables and suspense amounts.
- Collaborate and provide back-up support for accounts processed and interact with claims department, including event tracking, to ensure that claims in reference to specific brokers are processed.
The successful candidate will have gained 3 years plus experience within an inward focused reinsurance technician position, experience of Genius and SAP would be an advantage.