Manager Reinsurance job at NIC General Insurance Ltd | Apply Now

Perform on reinsurance monthly, quarterly and yearly closing process.

Ensure general ledger shows all accounting transactions for given period and reconciliations are conducted.

Evaluate and process utmost complicated domestic as well as international reinsurance unspecified treaty accounts.

Review profit commissions accounts and adjust retrospective premium.

Perform calculation of unjustified premium and audit related treaty provisions following treaty terms.

Collaborate with accounts statements rendered by cedant.

Recommend to management on implicit and ceded reinsurance account along with policies and processing claims.

Ensure to correctly maintain all account complying with agreements terms.

Conduct balances recovery on complicated reinsurance accounts through working with reinsurers.

Identify key changes in losses incurred and leftover balance loss reserves.

Prepare reinsurance analysis reports for management review.

Develop financial illustrations for various pooling and captive arrangements.

Analyze reinsurance and claim coverage issues in the relevant reinsurance contracts and/or insurance policies and provide analysis and coverage opinion.

Drive active pursuit of reinsurance recoveries on delinquent or aging reinsurance recoverable.

Communicate well with reinsurers, in person, in writing, or by phone, to continue to develop business relationship and report out on claims.

Ensure that appropriate documentation, implementation and communication of established policy, procedures and operating standards is completed for the area of responsibility.

Regularly monitors and evaluates activities to identify potential risks and issues of non-compliance.

Any other duties assigned by your supervisor.