Do you have strong negotiation and presentation skills? Are you proactive regarding credit control? We are hiring!
Aon South Africa is hiring a Facultative Reinsurance Accountant based on a hybrid basis, from our Head Office in Sandton.
The role of Facultative Reinsurance Accountant is to provide support to the Brokers in reinsurance accounting and administration functions through understanding and analyzing terms and conditions, processing and reconciling all accounts. In addition, the incumbent in this role is required to provide efficient and professional reinsurance claims administration and collection services nationally as well as internationally for the Reinsurance Facultative clients.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
What The Day Will Look Like
Technical Accounts:
- Obtain and understand relevant supporting documentation (i.e. terms and conditions of the cover note).
- Extract relevant information from cover note and load information on the system.
- Be aware of timeframes and deadlines involved in area of responsibility.
- Analyse respective incoming accounts from clients to establish requirements and subtitles of the contract in relation to the accounts and identify anomalies.
- Process and reconcile accounts.
- Must be able to understand and apply session of a risk.
- Strong negotiations and presentation skill.
- Proactive approach to credit control.
- Own the client CSA.
- Identify if premium is proportional or non-proportional and process accordingly.
- Submit respective documentation (invoices etc.) to relevant clients and Reinsurers.
- Attend to and resolve queries timely.
- Build and maintain effective relationships with all key stakeholders.
- Capture claims on the in-house system and actively supervise the claims' diary, client claim register and claim files.
- Advise Reinsurers of claims.
- Liaise with Brokers regarding cash calls and/ or similar matters raised by clients.
- Recover claims from Reinsurers and settle clients claims timeously.
- Monitor incoming receipts and payments from clients and Reinsurers.
- Liaise with the finance team on debtors' age analysis and recon items in order to clear outstanding matters.
- Prepare and distribute claims statistics to clients on a monthly basis in an agreed format.
- Identify and report potential problems in advance and proactively assist Brokers, clients and Reinsurers to resolve claims queries efficiently and professionally.
- Participate in special projects and ad hoc additional work requirements.
- Take accountability for cash call collections.
- Understand and follow the Aon Leadership Model and take ownership of personal development.
- Maintain personal and professional development.
Education
- Required: Be in possession of Grade 12 (matric).
- Advantageous: Have Diploma or Degree in Accounting, Finance, Risk, Insurance, etc.
- Have the ability to multitask, plan and prioritize workload accordingly.
- Possess excellent communication skills at all levels, both written and spoken.
- Be analytical, pay attention to detail and have good problem-solving skills.
- Able to work under pressure and meet tight deadlines.
- Be a standout colleague with sound relationship building skills.
- Strong personal organization and self-management skills.
- Possesses advanced analytical, technical and problem-solving skills and abilities.
- Have sophisticated MS Office experience, especially MS Excel.
- Have knowledge of relevant systems (GRiDS, etc.)
- Individual with knowledge of the principles and practices within a technical/professional field.
- Be updated on relevant legislation (VAT etc.).
- Sound background, knowledge and understanding of insurance and reinsurance, with specific knowledge of Facultative.
- Have 2 - 3 years general accounting experience - experience in reinsurance accounting will be a distinct advantage.
- Have experience in facultative claims and accounting.
- Have previously had a mandate to settle claims.
- May be a graduate who is entering into a professional setting and learning to use professional concepts.
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two Global Wellbeing Days each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
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