| Job Location | Eastern Province, Saudi Arabia |
| Education | Not Mentioned |
| Salary | Not Mentioned |
| Industry | Insurance & TPA |
| Functional Area | Not Mentioned |
Job Overview:The Reinsurance Assistant will ensure timely and accurate handling of all administrative aspectsof treaty and facultative reinsurance operations, including managing correspondence withreinsurers, preparing accounts, and coordinating with internal teams. The role involvessupporting reinsurance processes, resolving account issues, and assisting with financialreconciliations.Key Responsibilities:? Manage administrative tasks for treaty and facultative reinsurance operations, includinghandling correspondence with reinsurers and brokers, and ensuring the timely exchangeof signed closings.? Prepare and send quarterly technical Statements of Account (SOA) to treaty participantsbased 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 tocollections.? Address routine problems and inquiries directly related to the reinsurance accountingfunction.? Prepare and send debit and credit advices to reinsurers and follow up on countersigneddocuments.? 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 quarterlyactivity 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 toCompliance/CEO within 10 working days.Note: The duties and responsibilities outlined are illustrative and may evolve as perorganizational needs.
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