Job Title: Reinsurance Accountant (Fresher Jobs)
Organisation: GA Uganda
Duty Station: Kampala, Uganda
About US:
GA Uganda is a fully owned subsidiary of GA Insurance Limited, an insurance Group with Head Offices in Nairobi Kenya. The GA Brand has existed in East Africa in various forms over the past 80 years. The Group is very successful and is ranked 6th in the Kenya Market. Last year the GWP of the general insurance was US$ 78 Million. The GA brand is now truly East African having set foot in Uganda. The Tanzania operations were established six years.
Key Duties and Responsibilities:
- Process and reconcile reinsurance premiums, claims, and commissions.
- Accurately record reinsurance transactions, including proportional and non-proportional treaties.
- Prepare and submit journal entries for reinsurance-related activities.
- Reconcile accounts payable/receivable for reinsurance balances.
- Prepare reinsurance bordereaux for premiums, commissions, and claims.
- Perform reconciliations related to facultative and other programs.
- Prepare quarterly reinsurance statements for reinsurers.
- Reconcile reinsurers’ statements and ledger balances.
- Manage reinsurance balances with treaty and facultative participants.
- Calculate and record reinsurance-related adjustments like premium adjustments and profit commissions.
- Review and interpret reinsurance contracts for accurate financial treatment.
Qualifications, Skills and Experience:
- Education: Bachelor’s degree in accounting, finance, or a related field.
- Certifications: Professional accounting certification (CPA, ACA, CIMA, or equivalent).
Experience:
- 3–5 years of accounting experience.
- At least 1 year of experience in reinsurance or insurance accounting preferred.
- Knowledge: Reinsurance accounting principles and contract structures.
Required Skills:
- Proficiency in financial accounting systems.
- Advanced Microsoft Excel and data analysis skills.
- Strong organizational and time-management skills to meet tight deadlines.
- Excellent problem-solving abilities and keen attention to detail.
- Strong written and verbal communication skills for cross-functional collaboration.
How to Apply:
Interested candidates should submit their resume and cover letter to [email protected]
Please include “Reinsurance Accountant Application – Your Name” in the subject line.
Deadline: 28th January 2025
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