Reinsurance Accountant
kampala, Uganda * Fulltime
GA Insurance
Category: Insurance
Total Positions:
Location: kampala, Uganda
Fulltime
Salary: Not mentioned
Posted 1 year ago
KEY DUTIES AND RESPONSIBILITIES
• Process and reconcile reinsurance premiums, claims, and commissions.
• Accurately record reinsurance transactions, including proportional and non-proportional treaties.
• Prepare and submit journal entries for reinsurance-related activities.
• Reconcile accounts payable/receivable related to reinsurance balances.
• Prepare Reinsurance bordereaux for premiums, commission, and
• claims
• Prepare reconciliations relating to Facultative and other various Programs and prepare quarterly reinsurance statements for reinsurers
• Reconcile reinsurers’ statements to account for Ledger balances.
• Reconcile Reinsurance balances with the respective participants on the treaty and Facultative arrangements.
• Calculate and record reinsurance-related adjustments, including premium adjustment and profit commission.
• Review and interpret reinsurance contracts to confirm correct financial treatment.
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QUALIFICATIONS / SKILLS
• Minimum Qualifications:
• Bachelor’s degree in accounting, Finance, or a related field
• Professional accounting certification (CPA, ACA, CIMA, or equivalent).
• 3-5 years of accounting experience, with 1 year focus on reinsurance or insurance preferred.
• In-depth knowledge of reinsurance accounting principles and contract structures.
• Required Skills
• Proficiency in financial accounting systems.
• Advanced skills in Microsoft Excel and data analysis.
• Strong organizational and time-management skills to meet tight deadlines.
• Excellent problem-solving abilities and keen attention to detail and Strong written and verbal communication skills for cross-functional collaboration.
HOW TO APPLY
Interested candidates should submit their resume and cover letter to careers@gauganda.com by 28th January 2025. Please include “Reinsurance Accountant Application – [Your Namel” in the subject line.
GA Insurance Uganda is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Join us in making a difference and providing exceptional service to our clients. Apply today!
Deadline: Expired
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