Month-End Close and Accruals
- Execute monthly accrual bookings for premiums, commissions, and claims.
- Review and validate month-end reports; perform trend analysis and flag anomalies.
- Manage booking of reinsurance-related accounting entries and coordinate with the finance team for ledger closures.
- Reinsurance Statement Preparation & Settlements
- Prepare and reconcile monthly/quarterly/annual reinsurance statements.
- Manage settlement of reinsurance balances including wire transfers, clearing entries, and follow-ups.
- Ensure accuracy of treaty data for multiple countries and formats.
- Stakeholder & Query Management
- Resolve queries received from reinsurers, controllers, and internal stakeholders.
- Collaborate with local finance offices to ensure completeness of input data.
- Liaise with reinsurers for data clarifications, follow-ups, and settlement confirmations.
- Reporting & Audit Support
- Prepare quarterly and annual reports for internal and external stakeholders.
- Support internal and external audit requirements, including documentation and data validation.
- Ensure compliance with treaty terms and internal controls.
- Testing & Process Improvements
- Perform UAT (User Acceptance Testing) for new models, systems, and reporting templates.
- Validate changes in data templates or DB models (e.g., MS Access database) used in reinsurance calculations.
Identify opportunities for automation, process improvement, and documentation updates.
