This is a fantastic opportunity to join one of the biggest name in the market, the ideal candidate must comprehend and address the needs of important stakeholders: Brokers/Reinsurers, the Underwriting team, and Group Finance. They should then demonstrate expertise in reinsurance and organizational skills to fulfill the responsibilities of RI Accounting.
Responsibilities include:
Taking ownership and responsibility for overseeing credit control and managing counterparties, ensuring the performance of the portfolio.
Reviewing contract terms to capture due dates accurately for timely recovery of reinsurance balances.
Managing credit control across all types of reinsurance purchased.
Evaluating actual premium compared to estimates throughout the contract lifespan to assess potential adjustments.
Collaborating with various teams and stakeholders to resolve queries.
Utilizing meetings with brokers and clients to discuss cash collection and payment performance.
Providing monthly reports to Group Finance and the underwriting team for review and understanding of significant changes.
Achieving key performance indicators (KPIs) for International and London Market business.
Ensuring compliance with finance deadlines.
Sharing knowledge within the Reinsurance accounting team for business continuity.
Supporting departmental initiatives and projects.
Analyzing aged debt to reduce outstanding debt and prevent further deterioration.
Analyzing portfolio for reinsurer exposure and performance.
Providing training on credit control and management practices.
