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  • Posted: Jun 8, 2022
    Deadline: Not specified
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    Santam Limited is the largest short-term insurer in South Africa, with a market share in excess of 22%, providing short-term insurance products through broker networks and direct sales channels. The company was established in 1918 and offers personal, commercial, and corporate insurance solutions. Santam is a subsidiary of Sanlam Limited and has been listed ...
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    Reinsurance Controller

    What will you do?
    A position for a Reinsurance Controller exists in the Corporate Services Finance team, based in Santam Auckland Park.

    What will you do?

    • To provide financial support to Reinsurance Buying Department.
    • Be the source of financial information and the link between the various business partners and Santam.
    • Actively participating in the daily functions and various reporting needs both internally & externally. 

    Principle Accountabilities Include: 

    • Financial performance reporting
    • Financial reports for the fronting, inter group/inter SBU transactions.
    • Compiling of Financial Performance Reports for Stakeholders.
    • Statutory Reporting
    • External audit reporting 
    • Review and approve technical accounts and payments to ensure the completeness of transactions to RI brokers/reinsurers.
    • Assisting with the implementation of IFRS and Reinsurance Optimization Projects.
    • Validation and control function of monthly reconciliations.
    • Verify variances of underwriting results against budgets.
    • Management of Reinsurance Contracts

    Qualification and Experience

    • Accounting or Reinsurance Qualification (Minimum 3 year Degree).
    • Minimum of 5 years in similar financial role

    Knowledge and Skills

    • Reinsurance knowledge - understanding reinsurance terminology and interpretation  of  contracts. 
    • Excellent communication both verbal and written
    • MS Office with advanced Excel skills
    • Credit control and reconciliation experience
    • Processing of financial transactions up to balance sheet

    Competencies

    • Collaborates 
    • Client focus 
    • Drives results  
    • Flexibility and adaptability 
    • Cultivates Innovation 
    • Data Analysis
    • Emotional Intelligence
    • Critical Thinking
    • Decision Making
    • Curiosity with Creativity
    • Strategic Mindset

    Method of Application

    Interested and qualified? Go to Santam Insurance on careers.sanlamcloud.co.za to apply

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