reinsurance Accounting ManagerWHR Global Consulting

💼 POSITION TITLE: Reinsurance Accounting Manager📍 Location: Madrigal Business Park, Muntinlupa🕓 Work Setup: Mondays to Fridays, 8:00 AM - 5:00 PM (subject to extensions depending on workload and deadlines)💰 Salary: Php 55,000💼 Job SummaryThe Reinsurance Accounting Manager will be responsible for the financial accounting and reporting functions related to reinsurance operations for non-life insurance products. This role ensures accurate recording, reconciliation, and reporting of reinsurance transactions while maintaining compliance with regulatory requirements and accounting standards.📋 Key Responsibilities
Manage month-end, quarter-end, and year-end reinsurance accounting processes including premium calculations, claims recoveries, and commission adjustments.
Oversee reinsurance receivables and payables balances, including Reinsurance Share on Losses.
Monitor the agreed Premium Payment Warranty (PPW) for both Assumed and Ceded Facultative business.
Handle accounting for various reinsurance arrangements such as facultative, quota share, surplus, excess of loss, and catastrophe covers.
Prepare Statements of Account for Inward and Outward Reinsurance (Due from / Due to) and RI Recoverable on Paid Losses and Expenses.
Monitor and collect facultative premiums from brokers and ceding companies.
Ensure proper accounting treatment for retrocession arrangements.
Perform month-end closing activities and ensure accurate financial reporting.
Prepare ageing reports for Due from, Due to RI, and RI Recoverable accounts; implement collection procedures for overdue accounts.
Monitor the financial condition of ceding companies.
Coordinate with external auditors and assist during regulatory examinations.
🎓 Qualifications
Bachelor's degree in Accountancy, Managerial Accounting, or Finance.
A Master's degree or professional certification (e.g., CPA, CFA) is a plus.
7-10 years of progressive experience in insurance or reinsurance accounting.
Strong knowledge of insurance accounting principles and standards
Solid understanding of reinsurance contracts and structures.
Familiarity with local insurance regulatory frameworks.
📞 Candidates with attached CVs and relevant experience will be considered for a phone interview.
WHR Global Consulting

Manila City, Metro Manila
Permanent
Full-time