Head of Reinsurance Accounting

Head of Reinsurance Accounting (Rosebank)

Job Description

The Head of Reinsurance Accounting is responsible for the full end-to-end Reinsurance Accounting and Analytics process and will participate in designing the Reinsurance strategy, together with the subsequent implementation, including data and systems requirements. Involvement in the optimisation work to help derive a recommended Reinsurance structure.

Key Performance Areas

Functional Management

Full responsibility for monthly, quarterly, and annual Reinsurance reporting and analysis.

Sourcing, reconciling, and taking full responsibility for obtaining and providing Reinsurance data modelling requirements.

Designing and implementing system and process solutions for all Reinsurance agreements put in place.

Active participation at Reinsurance forum meetings.

Managing Internal and External Audit engagement issues

Ensuring Reinsurance Claims are fully recovered and accounted for across all treaties.

Responsible for setting and obtaining financial Reinsurance targets of up to a R1 billion.

Advising on the Reinsurance strategy; including the SAM impacts.

Providing input into Capital modelling and management.

Assisting with compilation of Risk profiles.

Full accountability for Reinsurance governance and controls.

Stakeholder Management

Stakeholders include

• External Reinsurers
• Reinsurance Brokers
• Internal Audit
• External Audit

Qualifications & Requirements

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