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African Reinsurance Corporation · Insurance

Technical Accounting Officer

Kenya, Nairobi Employment contract · Job Posted June 09, 2026
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Job Description

The successful candidate will provide support to the Technical Accounting and Finance Function of the Regional Office, within the Group's overall policy & guidelines and consistent with the highest standards of client service.

Job Responsibility

  • Establish contracts in SICS, both renewal and new based on signed slips by capturing all relevant details within set timelines
  • Maintaining proper records of all transactions received and save in the proper folder in SharePoint
  • Verify Technical Accounts (Proportional and Non-Proportional) received from cedent/broker and make sure proper processing of all technical transactions in the system, including periodic returns, MDPs, premium adjustments, cash call refunds, etc.
  • Review premium and claim Bordeaux to make sure all are in order before processing technical transactions
  • Issue confirmation statement debit/credit notes to cedants/brokers after processing transactions
  • Attending to client correspondences timely and respond appropriately
  • Provide and deliver quality services to cedants/brokers and internal customers
  • Generate Statement of Accounts (SOA) periodically and perform periodic accounts reconciliations with respective cedants/brokers for agreement, follow-up settlement of balances
  • Prepare settlement memo with relevant statement of accounts when account balances are due to Broker/cedent
  • Cash-matching of receipts and payments with related reinsurance debtors and creditors transactions for assigned Portfolio/ Account
  • Follow up systematically missing returns (Quarterly/semiannually/ yearly), Premium adjustments, commission adjustments and uncredited cash loss credits
  • Follow up and request payment details from the cedants/brokers for receipts not supported to facilitate cash-matching
  • Reconcile balances with Cedants and Brokers
  • Prepare periodic management reports in collaboration with colleagues in the regional office
  • Attending internal/external Audit and technical inspections queries timely and take appropriate action based on the recommendations provided within agreed timeline
  • Attending to other duties as may be assigned by the Supervisor from time to time

Requirements

  • First University Degree in relevant fields plus full Insurance/Reinsurance/Accounting Professional Qualification, plus 5 years post qualification relevant work experience with emphasis on insurance/reinsurance underwriting and technical accounting (both treaty and Facultative)
  • First University Degree in relevant field plus 7 years post qualification relevant work experience with emphasis on insurance/reinsurance underwriting (both treaty and Facultative)
  • Relevant work experience in a reputable Insurance/Reinsurance organization at a similar level is an added advantage
  • Relevant Professional qualifications (ACII, CPA, ACCA or equivalent) will be a strong advantage
  • Nationals of one of the 42 member States of Africa Re
  • Strong written and oral communication skills in English
  • A good working knowledge of the second language (French) shall be an added advantage

Nice to have

  • Relevant work experience in a reputable Insurance/Reinsurance organization at a similar level
  • Relevant Professional qualifications (ACII, CPA, ACCA or equivalent)
  • A good working knowledge of the second language (French)

What we offer

  • Competitive Basic Salary on the Corporation's Support Staff Grade Level
  • Variable Pay (Annual Performance Bonus)
  • Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the Employer)
  • Children's Education Subsidy for each child up to 26 years (maximum 4 children)
  • Medical Cover for staff and family
  • Housing Allowance
  • Dependency Allowance
  • Transport Allowance
  • Inflation Adjustment (Cost of Living Allowance)
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