Head: Reinsurance Accounting

Guardrisk; South Africa; On-site; ZAR 1 000 000 - 1 500 000; Full time

Job summary

A Financial Services Company based in South Africa seeks a Head of Reinsurance Accounting to oversee financial management and reporting in reinsurance. The role requires extensive accounting experience and strong leadership skills, with a focus on maintaining stakeholder relationships and compliance with IFRS standards. Ideal candidates should possess a relevant degree and significant management experience.

Qualifications

• At least 7 - 10 years experience in accounting and/or investments.
• At least 3 - 5 years management experience.
• Degree in Financial Management or Accounting.

Responsibilities

• Oversight of reinsurance financial management.
• Manage reporting to internal and external stakeholders.
• Provide authoritative expertise and advice.

Skills

Accounting experience

Management experience

Insurance experience

Business acumen

Collaboration

Education

Degree in Financial Management or Accounting

CA / CFA / ACCA / CIMA

Job description

Closing Date 2025/11/09

Reference Number MMH250819-2

Job Title Talent Pool: Head: Reinsurance Accounting

Position Type Permanent

Role Family Operations

Cluster Guardrisk

Remote Opportunity Some of the time

Location - Country South Africa

Location - Province Gauteng

Location - Town / City Sandton

Introduction

Accurately control and process financial information and prepare financial reports and analysis to enable business processes in respect of reinsurance accounting.

Role Purpose

Accurately control and process financial information and prepare financial reports and analysis to enable business processes in respect of reinsurance accounting.

Requirements

• At least 7 - 10 years experience in accounting and or investments
• At least 3 - 5 years management experience
• At least 3 years Insurance experience
• Degree in Financial Management or Accounting
• CA / CFA / ACCA / CIMA (advantageous)

Duties & Responsibilities

• Oversight of reinsurance financial management across the non-life license
• Oversight of internal risk sharing financial management and contribute to the implementation of risk sharing strategy
• Overall reinsurance system and process owner including reinsurance accounting policies, associated admin
• Contribute to IFRS 17 requirements for reinsurance
• Manage the various audits including external reinsurer, internal and financial audits
• Manage reporting to internal and external stakeholders: reinsurance accounting, large loss, cash call and/ together with the Reinsurance Accounting Manager
• Manage reinsurer debtor and creditors control effectively
• Attend and contribute to client service and other meetings
• Provide authoritative expertise and advice to external clients and internal stakeholders
• Build and maintain relationships with external clients and internal stakeholders
• Deliver on service level agreements made with internal and external stakeholders and clients
• Make recommendations to improve client service within area of responsibility
• Participate and contribute to a culture which build rewarding relationships, facilitates feedback and provides exceptional client service
• Develop and maintain productive and collaborative working relationships with peers and stakeholders
• Positively influence and participate in change initiatives
• Continuously develop own expertise in terms of professional, industry and legislation knowledge
• Contribute to continuous innovation through the development, sharing and implementation of new ideas
• Take ownership for driving career development

Competencies

• Business Acumen
• Collaboration
• Client/Stakeholder Commitment
• Impact and Influence
• Self-Awareness and Insight
• Drive for Results
• Leads Change and Innovation
• Diversity and Inclusiveness

Enquiries [e-mail]