Head Of Reinsurance Accounting

Atriplea Recruitment & Temps; Gauteng; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading recruitment agency in South Africa seeks a Head of Reinsurance Accounting. This role requires extensive experience in Insurance and Reinsurance, along with proven leadership abilities. The candidate will manage comprehensive Reinsurance accounting processes, reporting, and stakeholder engagement while driving financial targets. Effective communication, negotiation skills, and problem-solving capabilities are essential. The position offers the opportunity to shape the Reinsurance strategy and influence outcomes significantly.

Qualifications

• 10 years' experience in Insurance, 5 years in Reinsurance.
• Ability to lead a team and manage performance.
• Proven ability to create and manage human capability plans.

Responsibilities

• Responsible for full Reinsurance Accounting and Analytics process.
• Lead monthly, quarterly, and annual Reinsurance reporting.
• Manage Internal and External Audit engagement issues.
• Set and obtain financial Reinsurance targets of up to R1 billion.

Skills

Effective Communication

Negotiating

Problem Solving

High Level Influencer

Education

CA (SA) highly preferred

Matric

Job description

Job Description

The Head of Reinsurance Accounting is responsible for the full end-to-end Reinsurance Accounting and Analytics process and will participate in designing the Reinsurance strategy, together with the subsequent implementation, including data and systems requirements.

Involvement in the optimisation work to help derive a recommended Reinsurance structure.

Key Performance Areas

Functional Management

Full responsibility for monthly, quarterly, and annual Reinsurance reporting and analysis.

Sourcing, reconciling, and taking full responsibility for obtaining and providing Reinsurance data modelling requirements.

Designing and implementing system and process solutions for all Reinsurance agreements put in place.

Active participation at Reinsurance forum meetings.

Managing Internal and External Audit engagement issues.

Ensuring Reinsurance Claims are fully recovered and accounted for across all treaties.

Responsible for setting and obtaining financial Reinsurance targets of up to a R1 billion.

Advising on the Reinsurance strategy; including the SAM impacts.

Providing input into Capital modelling and management.

Assisting with compilation of Risk profiles.

Full accountability for Reinsurance governance and controls.

Stakeholder Management

External Reinsurers

Reinsurance Brokers

Internal Audit

External Audit

Qualifications & Requirements

• Matric
• CA (SA) highly preferred
• 10 years' experience in Insurance of which 5 in Reinsurance
• Take action to manage own personal development and encourage others to do the same.
• Lead a team and complete performance management cycle for direct reports.
• Effective Communication
• Negotiating
• Problem Solving
• High Level Influencer
• Relationships typically involve persuading or countering opposition
• Create people management plan to ensure human capability is in place as part of business planning process