Accounting Reinsurance Team Lead

To provide relevant and accurate financial information on reinsurance transactions, monitor receivables/payables and process payments to/bill and collect receivables from inward & outward facultative reinsurers.

ROLES & RESPONSIBILITIES

• Monitoring & Processing of Payment to Reinsurers / Ceding Companies. Monitors facultative accounts that will be due within the month, especially those with Premium Payment Warranty. Monitors and handles accounting tasks for non-proportional treaty accounts. Reconciles and analyzes Statements of Accounts (S/A) received from various Reinsurers and confirms balances with the reinsurer. Prepares monthly report on Reinsurance Balances’ net position.
• Billing & Collection of Receivables from Reinsurers. Receives cash calls, checks with claims officers of concerned line departments if each call has problems (e.g. lacking documents) or should be put on hold. Maintains updated files of confirmed S/As, offici...