Technical Accountant

1. Purpose

• Actively manage assigned European reinsurance portfolios for assigned broker and cedant business
• Check and record technical accounts and payments in reinsurance administration system and GL
• Check and capture new claims, and update in line with contractual terms and conditions
• Monitor and manage reinsurance payables and receivables for assigned portfolios (in collaboration with Credit Control)
• Active communication with brokers and cedants
• Close cooperation and information exchange with Underwriting, Claims and Finance
• Carry out various periodic controls and reporting tasks
• Actively participate in various internal projects
• Electronic archiving of all accounts and documents (if applicable)
• Special Tasks as assigned

2. Dimensions / Key Responsibilities

• Ensure correct and timely booking of all technical accounts in Subscribe according to existing guidelines and defined processes
• Check treaty conditions against technical accounts and take necessary actions (payment stop, query to client) where required
• Check and approve that claims within own responsibility (according to defined claims authorization) are within terms and conditions. Refer all claims to Head Technical Accounting and Head of Claims (according to defined authorization and referral process)
• Timely and correct electronic archiving of all relevant documents Kcenter (workflow tool)
• Ensure correct and timely reconciliation of open balances against cash in CODA according to existing guidelines and defined processes (in collaboration with Credit Control)
• Properly document all special business cases/issues to allow full transparency
• Active communication and team work with other departments (Claims, Underwriting and Finance)
• Timely and constant update of internal controlling
• Support during internal and external auditor activities
• Responsible for complete, careful and timely execution of all objectives as defined in the performance settings
• Manage Assigned Special Tasks: e.g. Collateral Management