Client Accountant

SUMMARY:
Financial Accountant (Bcom) wanted at an insurance mogul that offers a wide range of insurance products, including auto, home, life, and business insurance, tailored to meet the diverse needs of their clients.

POSITION INFO:
Our client is a dynamic insurance entity specializing in Corporate Risk Finance, Alternative Distribution, and Underwriting Management Agencies. As a youthful and forward-thinking organization, it holds licenses for both non-life and life cell captives. They empower their business collaborators and insurance clientele to actively engage in the risks and advantages inherent to their unique insurance endeavors.

Qualification and Experience:

• Bcom
• Insurance accounting experience is non-negotiable

• Process underwriting results per client onto the general ledger including premium, reinsurance premium, claims, recoveries, commissions and fees.
• Process reserves per client onto the general ledger i.e. outstanding claims, Incurred But Not Reported (“IBNR”), unearned premium reserve as well as corresponding reinsurance portions.
• Process income tax per client onto the general ledger.
• Process cashbook transactions and any other required journal entries per client onto the general ledger.
• Prepare Balance Sheet reconciliations per client.
• Prepare client financial statements and client policy statements and any other financial reports as required.
• Collection of premium and reinsurance debtors.
• Pay reinsurers and submit reinsurance bordereaux.
• Pay administrators and other creditors associated with the client portfolio.
• Respond to client queries and attend client meetings when required.