Assistant Manager - Reinsurance Operations (Assumed & Ceded)

Inviting applications for the role of Assistant Manager - Reinsurance Operations (Assumed & Ceded)

Responsibilities :

Technical Accounting & Processing - Handle end-to-end processing of technical statements of account ( SoA ) for premiums, claims, and risk transactions across all reinsurance businesses

Contract Setup & Interpretation - Review and interpret reinsurance contracts, wordings, and slips to accurately set up treaty and facultative agreements in operational systems

Financial Booking & Reconciliation - Record and reconcile financial transactions related to premiums, claims, recoveries, and brokerage in accordance with contract terms and accounting policies

Reinsurance Calculations - Perform complex calculations including reinstatement premiums, profit commissions, sliding scale adjustments, and no-claims bonuses

Cash & Receivables Management - Manage unallocated cash and aged receivable clearance, ensuring timely identification, matching, and resolution of outstanding items

Stakeholder & Broker Engagement - Liaise with brokers, reinsurers, and internal finance / underwriting teams to resolve data discrepancies and maintain accurate records

Reporting & Controls - Support management and regulatory reporting needs, maintain audit trails, and ensure compliance with internal controls and reinsurance governance standards

Continuous Improvement & Controls - Strengthen process controls, identify automation opportunities, and drive consistency and efficiency across Reinsurance operations

Minimum Qualifications :

Graduate / Postgraduate in any stream

Relevant years of experience in managing Reinsurance Operations processes

Proven experience within Re-Insurance domain preferably Assumed business

Experience in working with SICS system would be added advantage

Preferred Skill Set :

Thorough knowledge of Insurance / Reinsurance business

Understanding of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)

Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)

Strong communication skills, with the ability to clearly and succinctly articulate issues to senior management

Excellent analytical skills with an attention to detail

Self-starter, with ability to work under own initiative

Strong time management skills

Integrity, with an ability to handle confidential information