This job offer is not available in your country.

FAC Reinsurance Accountant

Hollard InsuranceZA

16 days ago

Job description

Job title : FAC Reinsurance Accountant

Job Location : Gauteng,

Deadline : November 03, 2025

Quick Recommended Links

Jobs by Location
Job by industries

Job Purpose

The Facultative Re Insurance accountant will be responsible for the preparation & submission of facultative claims statements; collections of fac claims recoveries & allocation of cash; reconciliation of specific fac claims related GL accounts, trial balance and LOB system. This person will need to be both relationship orientated, and deadline driven in order to perform successfully in this role.

Key Responsibility :

Review of process to ensure that any Fac RI premiums entries, claims entries or documents issues that are identified / queried by reinsurers are resolved monthly.

Review of the completeness of claims documents sent to the reinsurers by the branches and COE’s daily.

Risk Management : Ensure compliance with accounting practice applicable to insurers / reinsurers, good governance and risk management practice as well as laws and regulations.

RI procedure guide : Responsible for continuous update of the Fac Claims RI standard procedure guide and send it out to and familiarise the claims handlers.

FAC system and process training – provide system and process training to the branches to increase awareness on SOP, ensure accurate data is processed on the system and to improve the quality of documentation that is sent to the reinsurers.

Trial balance : Prepare and reconcile to the GL on monthly basis.

Monthly Fac RI claims paid statements : review and submit the RI statements to both local and foreign reinsurers. Monthly monitoring & aging of the international debtors’ & creditor’s age analysis report alienated per currency with the aim of reducing the outstanding amounts to 6 months.

Monthly Fac RI OCR claims statements : review and submit the claims reserves to both local and foreign reinsurers.

Reinsurance data reconciliation : reconcile RI cube to OCR & claims paid statements.

Reporting & Review : Monitoring movements on large losses

Review : and align all reinsurance FAC claims processes for compliance with Hollard internal processes as well as industry best practise.

Banks and cash clearing : identifying deposits in the bank statement & allocations of receipts on Ekundu & preparation of allocations (All currencies)

Reconciliation : RI claims, premiums and the bank

Ledger posting : Submit the ledger entries.

Write offs : Prepare & submission of write offs on monthly basis for amounts above mandate.

Various monthly and quarterly reports

Required Knowledge and Experience

Required Experience

General FAC Reinsurance experience and understanding of placements

Ability to interact with various stakeholders

Insurance / Reinsurance Accounting

Knowledge :

PC literate (Advanced MS Office, Great Plains an advantage, Ekundu an advantage)

Technical insurance accounting, financial and management accounting

Knowledge of systems and controls

Skills :

Customer service orientation

Time management skills

Excellent interpersonal communication skills

Analytical thinking skills

Good planning and organizing skills

Personal Qualities :

Accuracy and attention to detail

Deadline / Delivery Driven

Initiative and proactivity

Educational Requirements

Required Qualifications

Matric / Senior Certificate

B Comm or related qualification would be an advantage

Re Insurance / Insurance Accounting experience

Accounting / Financial Services jobs

Create a job alert for this search

Accountant • ZA

Related jobs

Promoted

Management Accountant (Manufacturing)

AtripleASouth Africa

Ensure the production information in Syspro fairly represents the physical production of the applicable month.Be responsible for raising and posting of journals, including accruals and prepayments....Show moreLast updated: 30+ days ago

Promoted

Retirement Fund Accountant (Pension / Provident)

Old MutualZA

Job title : Retirement Fund Accountant (Pension / Provident).Perform professional accounting work, including compilation, consolidation, and analysis of financial data. The role requires an understand...Show moreLast updated: 5 days ago

Promoted

Chartered Accountant - Fund Management Industry - Rivonia

Hire ResolveSouth Africa

Hire Resolve's client is urgently seeking a Chartered Accountant to join their team in Rivonia.The successful candidate will be responsible for managing financial operations, including financial re...Show moreLast updated: 30+ days ago

Promoted

FUND ACCOUNTANT - R 35k - R 30k pm - RONDEBOSCH

Do More GroupSouth Africa

FUND ACCOUNTANT R 35k - R 30k pm - RONDEBOSCH, CAPE TOWN.Our market leading client is looking for a competent and skilled Fund Accountant to be part of the Post Investment Monitoring team who can e...Show moreLast updated: 30+ days ago

Promoted

Financial Accountant

Vito SolutionsSouth Africa

About the job Financial Accountant.A boutique family office management firm.Stellenbosch, Western Cape, South Africa.We are looking for a proactive and detail-oriented Financial Accountant to join ...Show moreLast updated: 2 days ago

Promoted

Accountant - Manufacturing - R650K - R480K

Hire ResolveSouth Africa

Hire Resolve's client is seeking an experienced.This role is ideal for a detail-oriented finance professional with experience in a manufacturing environment. The successful candidate will be respons...Show moreLast updated: 30+ days ago

Promoted

Chartered Accountant

Intuate GroupSouth Africa

We currently have a vacancy for a.Bachelor's degree in commerce or finance or a related field.Chartered Accountants play a critical role in ensuring the financial integrity and success of organizat...Show moreLast updated: 30+ days ago

Promoted

Financial Reporting Accountant

UnileverZA

Job title : Financial Reporting Accountant.Unilever is the place where you can bring your purpose to life with the work that you do – creating a better business and a better world.If you are ...Show moreLast updated: 30+ days ago

Promoted

Financial Accountant

Boardroom AppointmentsSouth Africa

Preparation and analysis of monthly financial reports (P&L, Balance sheet and Capital);.Preparation and analysis monthly management accounts. .Preparation of monthly journals and Trial balances for ...Show moreLast updated: 30+ days ago

Promoted

Royalty Accountant

Talent GenieSouth Africa

Job Location : South Africa Johannesburg Metro Johannesburg.Our client is looking for a Royalty Accountant.Calculate and process royalty payments for artists, producers, distribution clients, ...Show moreLast updated: 30+ days ago

Promoted

Retirement Fund Accountant (Pension / Provident)

Old Mutual Life Assurance Company (Malawi) LimitedSouth Africa

Let's Write Africa's Story Together!.Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Perform professional accounting work, including compilation, conso...Show moreLast updated: 2 days ago

Promoted

Group Reporting Accountant

Manuchar SASouth Africa

This role focuses on preparing and delivering financial reports to meet group-specific requirements.The Group Reporting Accountant ensures accurate and timely submission of financial data to suppor...Show moreLast updated: 2 days ago

Promoted

Accountant

YassirSouth Africa

App in the Maghreb region set to changing the way daily services are provided.Algeria, Morocco and Tunisia with recent expansions into France, Canada and Sub-Saharan Africa.VCs from Silicon Valley,...Show moreLast updated: 30+ days ago

Promoted

Accountant

Outsourced CFOSouth Africa

We are recruiting on behalf of our client, for an.Accountant (must have a BCom degree).They help South African SMEs grow, with a strong focus on building a more inclusive economy.Our client appreci...Show moreLast updated: 30+ days ago

Accountant - Global Indirect Tax Expert

OnlyExpertsZA

Remote

Quick Apply

Job Title : Accountant - Global Indirect Tax Expert.We are seeking a highly skilled and detail-oriented Accountant with expertise in Global Indirect Tax, including US Sales Tax and International VAT...Show moreLast updated: 20 days ago

Promoted

Franchise Accountant (Real Estate and Franchise)

AtripleASouth Africa

Our client in the Real Estate and Franchise is looking to hire a Franchise Accountant.Provide backup support to the debtor's function. Ensures integrity and accuracy of financial data.Ensures proble...Show moreLast updated: 30+ days ago

Promoted

Maternity Cover Accountant

Pro Select ConsultingSouth Africa

About the job Maternity Cover Accountant.This role would be responsible for managing financial records, preparing financial statements, analyzing budgets, and ensuring compliance with financial reg...Show moreLast updated: 30+ days ago

Accountant with Government Contracting and Unanet Experience

OnlyExpertsZA

Remote

Quick Apply

Job Title : Accountant with Government Contracting Experience.We are seeking a highly skilled and detail-oriented Accountant with experience in government contracting and proficiency with the Unanet...Show moreLast updated: 20 days ago