Reinsurance Officer job at Jubilee Health Insurance Company of Uganda Limited (JHICU) | Apply Now

The following are the key duties and roles of the Reinsurance Accountant:

1. Financial Reporting

• Preparation of treaty quarterly statements to reinsurers & reinsurance brokers

• Maintaining and preparation of monthly facultative statements

• Ensuring prompt rendering of treaty and facultative accounts to reinsurers and settlement of balances on quarterly basis

• Preparing claims statistics information and data for year-end accounts closing

• Prepare annual reinsurance returns including portfolio transfers and withdrawal as well as adjustments

2. Reinsurance Credit Control

• Follow up on settlement of balances and claims recoverable from reinsurers.

• Coordinate with Claims team for prompt notification of losses to treaty reinsurers and pursue timely recovery of claims.

• Handling routine Treaty matters and account queries from Reinsurers.

 3. Financial Controls

• Provide claims recoverable by LOB, Reinsurance Company, and broker where applicable.

• Prepare claims reports and ensure reconciliations to general ledger postings

• Maintain records of claim recoveries – proportional treaties.

• Provide monthly claim reconciliations and ensure all claim recoveries accounted for

• Maintain record of treaty account balance confirmations.

 4. Financial Planning and Analysis

• Supporting the CFO in provision of information for annual budget process

• Supporting the Reinsurance Manager in provision of statistics for annual treaty renewal and filing process

 5. Compliance and Internal Controls

• Monthly closure of all reinsurance debits and credit notes

• Compiling monthly, annual and quarterly statistics for submission to Commissioner of insurance (IRA).