Dead Line: 22nd December, 2017
Reinsurance Accountant
On behalf of client, KaziniKwetu Ltd is looking for a Reinsurance Accountant to be based in Dar es Salaam. The desired candidate should have prior work experience in accounts
Key Responsibilities
Ensure all reinsurance transactions are booked in the business systems and are fully integrated and recorded in the general ledger.
Prepare monthly reinsurance payable/receivable statements and circulate the same to the relevant reinsurance participants to facilitate timely payment of the same.
Prepare Quarterly Treaty accounts and submit the same to the Reinsurers and/or Brokers by the 15th of the month following quarter close
Process all reinsurance payments on a timely basis including; Minimum Deposit Premiums, Facultative Payables, Proportionate treaties and Payments to fronted businesses.
Ensure compliance with the reinsurance credit control policy.
Coordinate collection of all Excess of Loss claims recoveries within 60 days from the date of claims settlement.
Liaise with the Claims and Underwriting department (including General & Medical Insurance) on matters of reinsurance claims and provision of relevant documents to facilitate recovery collections.
Prepare Reinsurance quarterly returns for submission to TIRA by the 15th of the month following quarter close.
Provide reinsurance support to the reinsurance team for treaty renewal and submission of relevant forms and data to TIRA for the Annual licensing requirements.
Monitor and track collection of all cash calls as initiated by the Reinsurance team.
Qualifications:
Bachelor’s degree in Accounting or similar qualification
CPA (T) or equivalent professional Qualification
Five (5) years’ experience in a similar position desirable
Clear and concise verbal and written communication skills.
Proficiency in computerized accounting applications such as AIMS, SIRIUS,ERP, INSIS systems and Microsoft office software (word, excel, PowerPoint)
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