Department
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Reinsurance Life |
Reporting To
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AVP Reinsurance Life
Key Responsibilities
Reinsurance Operations Administration
- Manage the administration of life reinsurance treaties and facultative placements throughout the policy lifecycle.
- Ensure timely collection, validation, and processing of premium, claims, and policy movement data received from insurers.
- Review reinsurance bordereaux and settlement reports for accuracy and completeness.
- Maintain accurate operational records and documentation in accordance with contractual and regulatory requirements.
Data Management & Quality Control
- Validate insurer data submissions against treaty terms and underwriting requirements.
- Perform data quality reviews and reconcile discrepancies with insurers and reinsurers.
- Monitor data integrity and ensure completeness of records within operational systems.
- Generate and distribute periodic operational and management reports.
Invoicing & Financial Management
- Prepare and issue premium and claim invoices to insurers and reinsurers within agreed timelines.
- Reconcile premium and claims balances between all parties.
- Coordinate closely with internal finance teams to ensure timely settlement, accounting accuracy, and cash flow management.
- Investigate and resolve invoicing, settlement, and reconciliation discrepancies.
Stakeholder Management
- Facilitate effective communication to resolve operational, financial, and data-related issues.
- Build and maintain solid working relationships with all stakeholders to ensure service excellence.
- Coordinate responses to operational queries and audit requests.
Compliance & Regulatory Governance
- Maintain adherence to internal policies, controls, and governance requirements.
- Support regulatory reporting and audit processes as required.
- Monitor compliance with contractual obligations, service-level agreements, and reporting standards.