Technical Accounting (Reinsurance)

Key Responsibilities

Risk Pre-Binding Activities

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Review and process risk submissions and supporting documentation.

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Validate underwriting data for completeness and accuracy prior to binding.

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Coordinate with brokers, underwriters, and internal stakeholders to support risk placement activities.

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Ensure all required compliance and operational checks are completed before binding.

Post-Binding Activities

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Process bound risks within operational systems.

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Maintain accurate policy and contract records.

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Support endorsements, amendments, renewals, and cancellations.

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Monitor workflow timelines and ensure operational service standards are met.

Premium & Claims Booking

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Accurately record premium and claims transactions within relevant systems.

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Ensure timely processing and reconciliation of premium and claims data.

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Investigate discrepancies and coordinate resolution with internal and external stakeholders.

Credit Control Activities

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Monitor outstanding receivables and payables.

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Support premium collection and follow-up activities.

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Liaise with brokers, cedants, reinsurers, and finance teams regarding payment statuses.

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Assist in reducing aged debt and improving collection performance.

Technical Accounting

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Perform technical accounting activities relating to reinsurance contracts.

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Ensure accurate recording and maintenance of financial transactions.

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Support month-end and period-end accounting processes.

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Maintain compliance with internal controls and reporting standards.

BDX Handling

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Process and validate BDX (Bordereaux) data received from clients and partners.

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Review bordereaux for completeness, accuracy, and consistency.

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Upload, reconcile, and maintain BDX records in internal systems.

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Resolve data discrepancies through coordination with relevant stakeholders.

Premium Allocation & Reconciliation

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Perform premium allocation activities across contracts and accounts.

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Conduct regular reconciliations between operational and financial records.

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Investigate and resolve unmatched or disputed transactions.

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Ensure data integrity and reporting accuracy.

Monthly Reporting

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Prepare and distribute operational and management reports.

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Support KPI tracking, performance analysis, and data quality reviews.

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Provide insights and reporting packs for internal stakeholders.

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Assist in identifying process improvement opportunities through data analysis.

Skills & Competencies

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Strong understanding of reinsurance operations and insurance processes.

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Knowledge of technical accounting and premium reconciliation.

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Experience handling BDX/Bordereaux data.

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Excellent analytical and problem-solving skills.

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Strong attention to detail and accuracy.

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Effective stakeholder management and communication skills.

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Ability to manage multiple priorities within a fast-paced environment.

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Proficiency in Microsoft Excel and reporting tools.

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Strong organizational and time management skills.