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Job Title:  Reinsurance Officer

Organisation: Jubilee Health Insurance Company of Uganda Limited (JHICU)

Duty Station:  Kampala, Uganda

 

About Organisation:

Jubilee Health Insurance Company of Uganda Limited (JHICU) is the number 1 insurance provider in Uganda.  We boost of over 80 years of service provision all over East Africa.

 

Job Summary:   This position works closely with the Chief Finance Officer to support the related reinsurance operations of the Company. The position also involves coordination of local regulatory and group reporting requirements.

Key Duties and Responsibilities:

The following are the key duties and roles of the Reinsurance Accountant:

Financial Reporting

Preparation of treaty quarterly statements to reinsurers & reinsurance brokers

Maintaining and preparation of monthly facultative statements

Ensuring prompt rendering of treaty and facultative accounts to reinsurers and settlement of balances on quarterly basis

Preparing claims statistics information and data for year-end accounts closing

Prepare annual reinsurance returns including portfolio transfers and withdrawal as well as adjustments

Reinsurance Credit Control

Follow up on settlement of balances and claims recoverable from reinsurers.

Coordinate with Claims team for prompt notification of losses to treaty reinsurers and pursue timely recovery of claims.

Handling routine Treaty matters and account queries from Reinsurers.

Financial Controls

Provide claims recoverable by LOB, Reinsurance Company, and broker where applicable.

Prepare claims reports and ensure reconciliations to general ledger postings

Maintain records of claim recoveries – proportional treaties.

Provide monthly claim reconciliations and ensure all claim recoveries accounted for

Maintain record of treaty account balance confirmations.

Financial Planning and Analysis

Supporting the CFO in provision of information for annual budget process

Supporting the Reinsurance Manager in provision of statistics for annual treaty renewal and filing process

Compliance and Internal Controls

Monthly closure of all reinsurance debits and credit notes

Compiling monthly, annual and quarterly statistics for submission to Commissioner of insurance (IRA).

 

Qualifications, Skills and Experience:

Minimum of three years relevant experience in the financial sector, insurance industry, reinsurance, reinsurance broking, auditing or banking.

First Degree in Statistics, Actuarial, Accounting or a finance related field.

Technical Skills:

Proficiency in financial modeling, data analysis, and reporting tools (e.g., Microsoft Excel or other data visualization software).

Familiarity with insurance accounting software (e.g., SAP, Oracle Financials, or other reinsurance accounting systems) is an added advantage

Knowledge of international reinsurance regulations and standards (e.g., Solvency II, IFRS 17).

 

How to Apply:




If you are qualified and seeking an exciting new challenge, please apply via HR-JHICU@jubileeuganda.com

 

Deadline: 11th October 2024

 

NB: Only shortlisted candidates will be contacted.

 

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