Reinsurance Controller at Santam Insurance

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