Resinsurance Financial Manager

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

This role will provide the opportunity to develop in-depth knowledge of OMAR (P&C)’s reinsurance arrangements across its countries. It offers opportunities to engage with country Reinsurance Managers, Finance teams and CFOs, and to present results and outcomes.

Responsibilities

1.Reinsurance Technical Accounting

Prepare and process consolidated reinsurance technical accounts, including premium cessions, commission adjustments, profit commissions and premium adjustments, in line with treaty terms.

2.Reinsurance Reconciliations & Settlements

Reconcile reinsurance balances, process cessions and recoveries, and manage the timely settlement of accounts with reinsurers and brokers, investigating and resolving discrepancies.

3.Outstanding Loss Reserves & Recoveries

Maintain and monitor reinsurance outstanding loss reserves and claims recoveries, ensuring they are accurately recorded, supported and aligned to the underlying claims.

4.Treaty & Facultative Performance Analysis

Analyse the profitability of each reinsurance programme, evaluate the cost of reinsurance, and make recommendations to improve treaty and facultative performance and reduce cost.

5.Insights and Reporting

Contribute to the preparation of reinsurance reports, dashboards and management reporting on cost of reinsurance, recoveries and treaty performance to answer business questions.

6.Financial Reporting & IFRS 17

Support the correct accounting, measurement and disclosure of reinsurance under IFRS 17, ensuring ceded results are appropriately reflected in the financial statements.

7.Data Quality, Controls & Stakeholder Support

Consult and educate country teams on streamlining and standardising reinsurance data recording to ensure quality, accuracy and consistency, while working independently.

8.Personal Capability Building

Participate in ongoing learning, professional development, accreditation and continuous capability building.

 

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Skills

Accounting, Budget Management, Change Management, Data Compilation, Executing Plans, Financial Acumen, Legal Practices, Management Reporting, Numerical Aptitude, Policies & Procedures, Presenting Solutions, Professional Presentation, Risk Management, Servant Leadership, Underwriting Management

Competencies

Balances Stakeholders

Builds Effective Teams

Business Insight

Communicates Effectively

Ensures Accountability

Financial Acumen

Instills Trust

Manages Ambiguity

Education

Bachelor Of Finance: Accountancy (Required)

Closing Date

15 September 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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