Reinsurance Manager
Aljazira Takaful Taawuni
Total years of experience :15 years, 2 Months
Managing and controling all Reinsurance Strategy & Operations
Managing and controling all Reinsurance Operations
Perform on reinsurance monthly, quarterly and yearly closing process.
Ensure general ledger shows all accounting transactions for given period and reconciliations are conducted.
Prepare monthly or quarterly journal entries relevant to reinsurance.
Evaluate and process utmost complicated domestic as well as international reinsurance unspecified facultative accounts.
Review profit commissions accounts and adjust retrospective premium.
Perform calculation of unjustified premium and audit related facultative provisions following facultative terms.
Collaborate with accounts statements rendered by cedant.
Recommend management on implicit and ceded reinsurance account along with policies and processing claims.
Supervise and confirm all security actions involving letters of credit, funds withheld and trusts.
Ensure to correctly maintain all account complying with agreements terms.
Conduct balances recovery on complicated reinsurance accounts through working with brokers and reinsurers.
Develop and maintain relations with collections unit to search and resolve complicated settlement issues.
Identify key changes in losses incurred and leftover balance loss reserves.
Prepare reinsurance analysis reports for management review.
Assisting to develop financial illustrations for various pooling and captive arrangements.
• Closing and processing all contracts for Clients, Insurance Companies and Reinsurance Companies.
• Understanding different classes of insurance and reinsurance business such as Marine Cargo, Marine Hull, Fire and Allied Perils (FAP), Contractor All Risks (CAR), Property All Risks (PAR), Erection All Risks (EAR), FIRE, Burglary, Money Insurance, Personal & General Accident (PA)& (GA), Terrorism & Sabotage, Strikes Riots Civil Commotions (SRCC), Machinery Breakdown (MB), Jewellery, liability Indemnity, War, Business Interruption (BI), Plant & Equipment (PE), Third Party Liability (TPL), Loss of Profit (LOP)..etc.
• Feeding and Updating Oracle Program which is the connection between Nasco Karaoglan Saudi Arabia Company and all other International Branches including Head Office.
• Following up with Insurance Companies in Saudi Arabia and our partners, International Group Companies, abroad.
• Editing and updating all Upcoming Submissions come from our different range of Clients.
• Contacting Clients by Phone or Email or Fax or meeting in person.
• Translation Arabic Client’s Proposal Form into English Language as we are dealing with bilingual Clients.
• Fixing company’s terms and conditions in business slips and contracts.
1. Interprets and/or translates written, typed, or oral communications and material to support assistance and/or training to SANG units and personnel.
2. Provides linguistic/translation support in preparing all aspects of reports.
3. Assists in the development and execution of training and assistance activities.
4. Assists to identify and resolve operational and procedural problems.
5. Assists in administrative matters and other routine actions.
1 . Assists to identify and resolve operational and procedural problems.
2 . Assists in administrative matters and other routine actions.
3 . supervision on branches and team for different stores.
4 . evaluates employees, stores and services performance.
1. Assists in the development and execution of training and assistance activities.
2 . Assists to identify and resolve operational and procedural problems.
3 . Assists in administrative matters and other routine actions.
4 . solves all team's problems and works on daily procedures for team as well.
5 . solves all customers' problems as soon as possible.
6 . listens and evaluates team's work, quality calls and services.
7 . trains team for better performance and new things coming up at workplace.