Head of Reinsurance Accounting

Job Title:

Head of Reinsurance Accounting

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:

Matric
CA (SA) highly preferred
10 years’ experience in Insurance of which 5 in Reinsurance
Take action to manage own personal development and encourage others to do the same.
Lead a team and complete performance management cycle for direct reports.
Effective Communication
Negotiating
Problem Solving
High Level Influencer
Relationships typically involve persuading or countering opposition
Create people management plan to ensure human capability is in place as part of business planning process