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Reinsurance Operations, Senior Executive

3-5 Years
MYR 4,000 - 6,500 per month

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  • Posted 3 months ago

Job Description

The role is responsible for managing operational aspects of the reinsurance arrangement, including treaty and facultative reinsurance agreement, receivables, data and reporting management, regulatory compliance, and internal controls. This role ensures seamless execution of reinsurance arrangements in alignment with the company's risk management strategy and financial objectives.

The incumbent will collaborate closely with Finance, Underwriting, Operations, Legal, Business Intelligence Team and external Insurance partners and Brokers to manage operational workflows drive continuous improvement across systems and processes.


JOB RESPONSIBILITY:

  • Perform day to day Reinsurance account receivable maintenance and Reinsurance agreement process across countries and insurance partners assigned.
  • Investigate and perform internal account reconciliation in an efficient, accurate and timely manner to escalate to Finance team.
  • Assist in managing queries from Insurance Partner/Business Partners regarding reinsurance related matter.
  • Prepare reports to provide a high level of support to all internal stakeholders relating to account receivables.
  • Prepare monthly and quarterly declaration to Broker, Insurance Partner and Business Partners
  • To issue reminder letters according to the policy and procedure on overdue premiums.
  • Liaising with Head of Department, Business Partners and Insurance Partners regarding payment plans and other collection strategies and negotiations.
  • Ensure reinsurance procedures and applicable guidelines are fully complied with.
  • Ensure the reinsurance agreements are signed, saved and kept properly.
  • Ensure the risk entry is maintained and reinsurance procedures and guidelines are fully complied.
  • Key person in updating internal stakeholder on the new or changes in Reinsurance arrangement.
  • Check renewal of reinsurance agreements regularly.
  • Prepare the required report / information as and when it is requested by Management
  • Preparing and finalizing reinsurance agreements with Manager.
  • Assist Manager in maintaining and building effective relationships with existing and new business partners.
  • Effectively represent self and team in external and internal activities and committees.
  • Any other tasks assigned from time to time

JOB REQUIREMENT:

  • Hands-on experience with reinsurance administration, accounting, receivables, and reporting
  • Preferably at least 3 years of related working experience.
  • Preferably Senior Executive specializing in Finance / Banking / Insurance or equivalent.
  • Good communication skills in English, Malay language for both spoken and written
  • 1 Full-Time positions available

More Info

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About Company

Hello! We're Tune Protect Group of companies - that may sound like a mouthful, but we're all about something simple yet super important: keeping people like you, protected. You know those times when life gets adventurous We want everyone to dive into those moments with confidence, knowing they're covered. Now, here's the exciting part. At Tune Protect, we're all about breaking down the barriers to insurance. We believe that everyone deserves to be safeguarded without the hassle. So, we've made it easy to understand, easy to get, and definitely easy on the wallet. Our motto "Insurance Simplified" says it all. But hold up, we're not just any old insurance crew. We're stepping into the future as a Digital Insurer. What does that mean We're using tech to make insurance a breeze, not a headache. Think of it as insurance for the modern worldâ€"quick, convenient, and tailored to you. And guess what We're not keeping this amazing stuff to ourselves. We're spreading this insurance revolution across not just our backyard but way beyond, all across ASEAN and even more far-flung places. We're not just changing insurance we want to change how people feel about it. Now, here's the part where you come in. If you're looking for a place where you can make a real impact, where innovation is the name of the game, and where your ideas are welcomed with open arms, you're in the right spot. We're not just building a company we're building a family that's in it for the long haul. So, whether you're a tech whiz, a creative guru, a customer service superstar, or anything in between, there's a place for you here. We're all about bringing fresh minds on board to help us shake things up, challenge the norm, and create something extraordinary together. Ready to be a part of a team that's rewriting the rules of insurance Join us at Tune Protect, where protection meets innovation, and your talents are about to shine like never before.

Job ID: 125118113

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