Job Description
JOB PURPOSE
To provide relevant and accurate financial information on reinsurance transactions, monitor receivables/payables and process payments to/bill and collect receivables from inward & outward facultative reinsurers.
ROLES & 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 ...