Experience

Lombard Insurance Company Ltd

• South Africa
• Financial Services
• 100 - 200 Employee

• Senior Financial Administrator

  • Sep 2020 - Present



Old Mutual Insure

• South Africa
• Insurance
• 700 & Above Employee

• Manager: Reinsurance Accounting

  • Jan 2019 - Aug 2020



Absa Group

• South Africa
• Financial Services
• 700 & Above Employee

• Technical Accountant Reinsurance

  • Apr 2018 - Jan 2019

  Prepare / review all technical reinsurance calculations on Treaty Outwards: Commutations; Commissions; Rebates; Premium, Loss and IBNR deposits; Accrued interest; Profit commissions; Sliding scale commission adjustments; Portfolio transfers; Deposit premium adjustments. -Balancing Treaty Outwards Results (including South Africa, and Mozambique) on a monthly basis (income statement items); - Preparation of the reconciliations of all Balance Sheet ledger accounts relating to Group Treaty Outwards; - Process and sense check all high-level entries required for processing; - Sense checking of all monthly/quarterly treaty accounts prior to distribution to brokers/reinsurers. - Review of technical deposit cash flows(loss deposits and IBNR deposits ) and ensuring accurate retain and release of these cash flows as well as accurate allocation of technical deposits; - Review of all reconciliations pertaining to Group Treaty Outwards/Inwards Control accounts - Review off all Group Treaty Outwards/Inwards reporting to Financial & Regulatory reporting/Actuarial, for inclusion in financials and/or statutory reporting. - Ensure service level agreements are adhered to. - Review the timeous collection of reinsurance receivables (XOL claims recoveries, treaty outwards accounts Loss deposits & IBNR deposits) .Ensure accurate cash allocations to the various brokers, reinsurers, cedants, treaties and periods; - Review of company cash flow position by determining appropriate payment dates for all reinsurance transactions(which still meet contractual requirements without undermining interest bearing ability of cash); - Prepare files for Internal & External auditors. Show less



Old Mutual Insure

• South Africa
• Insurance
• 700 & Above Employee

• Senior Specialist: Treaty Reinsurance Accounting

  • Oct 2014 - Mar 2018

  Prepare / review all technical reinsurance calculations on Treaty Outwards: Commutations; Commissions; Rebates; Premium, Loss and IBNR deposits; Accrued interest; Profit commissions; Sliding scale commission adjustments; Portfolio transfers; Deposit premium adjustments. -Balancing of ZAR & USD Treaty Outwards Results for the M&F Group(including South Africa, Botswana and Namibia) on a monthly basis (income statement items); - Preparation of the reconciliations of all Balance Sheet ledger accounts relating to Group Treaty Outwards; - Process and sense check all high-level entries required by the Reinsurance Operations division; - Sense checking of all monthly/quarterly treaty accounts prior to distribution to brokers/reinsurers. - Oversee all duties and operations of the Specialist Assistant: Treaty Outwards and Specialist Assistant : Treaty Inwards; - Review of technical deposit cash flows(loss deposits and IBNR deposits ) and ensuring accurate retain and release of these cash flows as well as accurate allocation of technical deposits; - Review of all reconciliations pertaining to Group Treaty Outwards/Inwards Control accounts - Review off all Group Treaty Outwards/Inwards reporting to Financial & Regulatory reporting/Actuarial, for inclusion in financials and/or statutory reporting. - Ensure service level agreements are adhered to. - Review the timeous collection of reinsurance receivables (xol claims recoveries, treaty outwards accounts Loss deposits & IBNR deposits) .Ensure accurate cash allocations to the various brokers, reinsurers, cedants, treaties and periods; - Review of company cash flow position by determining appropriate payment dates for all reinsurance transactions(which still meet contractual requirements without undermining interest bearing ability of cash); - Prepare files for Internal & External auditors. - Implementation & Design of TIA Reinsurance Accounting processes Show less



Old Mutual South Africa

• South Africa
• Financial Services
• 700 & Above Employee

• Regulatory Reporting Specialist

  • Dec 2012 - Sep 2014

  - Completion of all regulatory returns for FSB, Namfisa, NBFIRA, Reserve Bank, Solvency II and SAM (Quarterly and Annual) - Forecasting: Solvency - Providing feedback on Position papers & discussion documents for SAM and Solvency II - Compliance relationship - first line support for Finance division - Train relevant parties on developments in regulatory area as and when required - Ensure adherence to financial and corporate policies and procedures to ensure cost effectiveness and reduce wastage - Manage effective customer service and relations to deliver customer service satisfaction Show less



Old Mutual South Africa

• South Africa
• Financial Services
• 700 & Above Employee

• Assistant Manager Financial Services

  • Oct 2006 - Oct 2012

  Financial Reporting :Presentation of accurate, reliable and meaningful information:- Completion of all regulatory returns for FSB, FSA, Namfisa, Nbfira, Reserve Bank (Annual & Quarterly)- Preparation of income statements per lines of business- Preparation of Annual financial statements for subsidaries- Reserve calculations and reconciliations monthly- Capture override commissions and reconciliations- Treaty Reinsurance Comparative – monthly- Marine (UPR, DAC Calculations)- Accurate preparation of Long Term Agreement Reserves- Oracle Journals- Ad hoc Requests Show less

• Credit controller

  • Dec 2004 - Sep 2006

  Duties & Responsibilities- Prepare current analysis of agents outstanding balances report - Prepare statements of outstanding premiums - Prepare and monitor accounts queries - Preparation of Lapse List - Prepare Quality Control Checklist - Process monthly statements - Collection of premium bordereaux - Allocation of premiums - Attend to commission queries - Prepare statistical reports - Visit Broker / Underwriting - Attend to payment requisitions - Processing of journals and write offs - Attend to filing - Attend to client queries Show less



Engen Fontainebleau

• Admin Manager

  • Oct 2003 - Nov 2004

  My duties were very broad based, these are just a few: - Daily Reconciliation’s - Banking - Stock Control - dealing with suppliers etc. - Fuel orders + Payments - Shift Rosters - Client Liaison My duties were very broad based, these are just a few: - Daily Reconciliation’s - Banking - Stock Control - dealing with suppliers etc. - Fuel orders + Payments - Shift Rosters - Client Liaison