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Reinsurance Manager

Location: City of London, London
Salary: Negotiable
Posted: 14 days ago
Contract Type: Fixed Term
Industry: Accountancy & Tax
Contact Name: Jack Bampton
Contact Email: Jack.Bampton@ojassociates.com

Jack Bampton

Delivery Consultant, Hong Kong

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Reinsurance Manager

To oversee and manage the Ceded Reinsurance Accounting process for the Syndicate to ensure timely and accurate processing of transactions, reporting and financial information.

Key Accountabilities

  • Ensure contract set up in Subscribe systems, including post setup testing.
  • Responsible for Proportional and Excess of Loss treaty and Facultative Reinsurance accounts and ensuring that policy conditions and accounting terms are met.
  • Prepare Final XOL Treaty Premium Adjustments, profit commissions and any other adjustable feature calculations.
  • Prepare and invoice XOL and facultative claim billings.
  • Validate that system produced gross premium, commission and losses are ceding properly to treaties.
  • Prepare annual UK Regulatory filings (example QMA 710, 800)
  • Assist with quarterly financial and management reporting.
  • Special projects as needed
  • Execute and review system and financial reconciliations to ensure accuracy of data in systems
  • Function as Subscribe or system functional expert to support the Syndicate processing.
  • Manage staff or consultants processing Syndicate billing, cash, collections and accounting activities.

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