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, official receipts, cash voucher, loss advises and any other related documents of various reinsurers. Monitors / Follows up payment of outstanding cash calls/facultative premiums with reinsurers.
- Reports Preparation. Prepares the following reports / schedule for outward facultative RI. Insurance commission reports.
Requirements
- Candidate must possess at least a Bachelor’s Degree in Accountancy or any Account related courses.
- Preferably with 3-5 years’ experience in Reinsurance Accounting;
- CPA would be an advantage.
- Strong Analytical and problem-solving skills
- Proficient in MS Office (word, excel, PowerPoint etc.) with data analysis tool.
- With excellent English communication skills both oral and written.
- With excellent attention to details.
- Ability to work independently and manage multiple deadlines in a fast-paced environment.
- Strong communication and interpersonal skills to collaborate with internal and external stakeholders.
- Must be willing to work in Makati City
