Reinsurance Assistant

Job Overview:

The Reinsurance Assistant will ensure timely and accurate handling of all administrative aspects

of treaty and facultative reinsurance operations, including managing correspondence with

reinsurers, preparing accounts, and coordinating with internal teams. The role involves

supporting reinsurance processes, resolving account issues, and assisting with financial

reconciliations.

Key Responsibilities:

 Manage administrative tasks for treaty and facultative reinsurance operations, including

handling correspondence with reinsurers and brokers, and ensuring the timely exchange

of signed closings.

 Prepare and send quarterly technical Statements of Account (SOA) to treaty participants

based on underwriting year.

 Review and settle monthly reinsurance accounts for facultative placements.

 Act as a liaison between reinsurers and claims personnel to resolve issues related to

collections.

 Address routine problems and inquiries directly related to the reinsurance accounting

function.

 Prepare and send debit and credit advices to reinsurers and follow up on countersigned

documents.

 Reconcile Statements of Account and update treaty statistics on a quarterly basis.

 Calculate adjustments for proportional and non-proportional treaties when necessary

(e.g., PC/final premium adjustments).

 Generate reports in coordination with the Reinsurance Manager, including quarterly

activity reports.

 Maintain effective relationships with internal teams and external business partners.

 Actively participate in month-end, quarter-end, and year-end financial close processes.

 Perform daily administrative activities related to reinsurance.

 Prepare a quarterly facultative summary for reinsurers and provide reports to

Compliance/CEO within 10 working days.

Note: The duties and responsibilities outlined are illustrative and may evolve as per

organizational needs.