Senior Reinsurance Accountant

Guardrisk; South Africa; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading insurance provider in South Africa is seeking a Senior Reinsurance Accountant to control financial information and prepare reports for investment accounting. This role requires a BCom degree and at least 8 years of experience in reinsurance accounting. The successful candidate will engage with stakeholders and manage client portfolios while ensuring accurate financial reporting. This is a permanent position located in Sandton, Gauteng.

Qualifications

• Must have a BCom Degree.
• 8 Years in a Reinsurance Accountant role.

Responsibilities

• Control financial information and prepare reports for investment accounting.
• Perform reinsurance accounting and manage client portfolios.
• Engage with internal and external stakeholders on financials.

Skills

Planning and organising skills

Networking skills

Innovative

Analytical thinking

Interpersonal skills

Excellent verbal and written communication

Ability to work accurately under pressure and meet deadlines

Education

BCom Degree

Job description

Overview

Closing Date 2025/12/09

Reference Number MMH251201-7

Job Title Senior Reinsurance Accountant

Position Type Permanent

Role Family Finance

Cluster Guardrisk

Remote Opportunity None of the time

Location - Country South Africa

Location - Province Gauteng

Location - Town / City Sandton

Introduction

Guardrisk is the undisputed market leader in cell captive insurance and risk solutions. We are renowned for our innovative approach to cell captive structures and other alternative risk transfer solutions for our clients. Guardrisk offers clients custom designed cover and is registered in South Africa as an insurer for all statutory classes of non-life and life insurance business.

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

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

Responsibilities

• Financial Accounting
  • Balance sheet reconciliation implementation and management of all non-life client's reinsurance.
  • Accounting for month end transactions for proportional reinsurance (cash calls and ad-hoc).
  • Engaging with the general finance team on movements in the reinsurance financials.
  • Engaging with the portfolio managers on movements in the reinsurance financials.
  • Reporting internal and external on financial accounting for reinsurance.
• Technical Accounting
  • Performing of the reinsurance accounting function for Guardrisk non-life cell captive, including oversight and management of the non-proportional accounting in the team and other reinsurance accountants.
  • Preparation, reconciliation, and communication of proportional and non-proportional reinsurance accounts to the reinsurance market, clients and internally.
  • Comprehensive reinsurance claims management for both proportional and non-proportional reinsurance.
  • Monitor renewals and premium adjustments for allocated portfolios.
  • Credit control on reinsurance client portfolios.
  • Engaging with senior management on the non-proportional portfolio across the non-life license Portfolio.
  • Portfolio support and servicing by working closely with the portfolio manager and other stakeholders.
  • Identify and resolve problem sources or escalate to relevant level of authority.
  • Resolution of market enquiries on reinsurance matters.
  • Preparation and submission of renewal information on client portfolio.
  • Client reporting and engagement on reinsurance matters monthly for selected client portfolio.
  • Participate and contribute to a culture which build rewarding relationships, facilitates feedback, and provides exceptional client service within the organisation.
  • Management of the sub-ledger and reporting process of selected client portfolio.
  • Assistance with inputs of the Manco reports.
  • Oversee assistant accountant in the non-proportional reinsurance space.
  • Assist with review of proportional quarterly reinsurance accounts.
  • Assist with clearing of long outstanding balances sheet items.

Stakeholder Interactions

• Attend and report at reinsurer meetings, as required.
• Attend and report at reinsurance broker meetings, as required.

Other

• Client reporting and engagement on reinsurance matters monthly for selected client portfolio.
• Banking signatory for finance department.

Qualifications

• BCom Degree

Experience

• 8 Years in a Reinsurance Accountant role.

Competencies

• Planning and organising skills.
• Networking skills.
• Innovative.
• Analytical thinking.
• Interpersonal skills.
• Excellent verbal and written communication.
• Ability to work accurately under pressure and meet deadlines.

Enquiries

[e-mail] (Email Applications Accepted)