📍 Job Details

🆔 Reference: MMH251201-7
💼 Position: Senior Reinsurance Accountant
📅 Closing Date: 11 January 2026
📍 Location: Sandton, Gauteng, South Africa
🏢 Department: Guardrisk – Finance Cluster
📘 Type: Permanent

🏢 About Guardrisk

Guardrisk is South Africa’s market leader in cell captive insurance and alternative risk transfer solutions. Known for innovation and flexibility, the company provides tailor-made reinsurance and risk solutions across all statutory classes of life and non-life insurance. Guardrisk supports corporates, institutions, and specialist insurers with structures that empower them to manage their own risk efficiently while benefiting from world-class governance, actuarial support, and regulatory compliance.

📘 Role Overview

The Senior Reinsurance Accountant is responsible for accurate financial control, reinsurance accounting, balance sheet integrity, technical reporting, and portfolio oversight for non-life reinsurance structures.
This role is senior and highly specialised, involving complex proportional and non-proportional reinsurance activities, leadership of junior accountants, and direct engagement with brokers, reinsurers, clients, and management.
You will also drive improvements in reporting, ensure accuracy of reinsurance financials, support portfolio managers, and maintain tight control over reconciliations and month-end processes.

🔧 Key Responsibilities

📊 Financial Accounting

• Perform and manage balance sheet reconciliations for all non-life reinsurance clients.

• Process month-end proportional reinsurance transactions, including cash calls and ad-hoc adjustments.

• Engage with the finance team to understand financial movements.

• Provide internal and external reporting on reinsurance financial results.

📘 Technical Reinsurance Accounting

• Oversee proportional and non-proportional reinsurance accounting for non-life cell captive portfolios.

• Prepare, reconcile, and communicate reinsurance accounts to the market, reinsurers, clients, and internal teams.

• Manage comprehensive claims accounting for both proportional and non-proportional reinsurance.

• Monitor renewals, premium adjustments, and treaty terms.

• Maintain credit control on reinsurance client portfolios.

• Engage with senior management on portfolio performance and exposures.

• Provide portfolio servicing and support alongside portfolio managers.

• Resolve reinsurance queries and escalate issues where necessary.

• Prepare renewal information and manage client reporting for allocated portfolios.

• Oversee sub-ledger management and all associated reporting.

• Assist with preparation of Manco reports and quarterly reinsurance reviews.

• Lead and support assistant accountants, ensuring accuracy and development.

• Clear long-outstanding balance sheet items.

🤝 Stakeholder Engagement

• Attend reinsurer meetings and present relevant financial information.

• Attend meetings with reinsurance brokers and represent financial perspectives.

• Build strong internal and external relationships to improve portfolio performance.

🛠️ Additional Responsibilities

• Act as banking signatory for the finance department.

• Contribute actively to a culture of accountability, collaboration, and client service.

🎓 Qualifications & Experience

📘 Education

• BCom Degree (essential).

🧠 Experience

• Minimum 8 years’ experience in a Reinsurance Accountant role.

• Advanced knowledge of proportional and non-proportional reinsurance structures.

• Experience working in cell captive insurance environments is advantageous.

⭐ Competencies

📌 Core Skills:

• Strong planning and organisational skills

• Analytical thinking and problem solving

• Excellent communication (verbal & written)

• Interpersonal and relationship-building abilities

• Ability to meet deadlines under pressure

• Innovation and continuous improvement mindset

• Networking and stakeholder management

📝 Best CV Application Tips

• Start your CV with a Professional Summary highlighting reinsurance accounting expertise.

• Clearly outline your experience with proportional and non-proportional reinsurance, including treaty structures handled.

• List your experience with financial reporting, balance sheet control, and technical reinsurance accounting.

• Showcase reinsurance portfolios you’ve managed and provide metrics where possible (e.g., premium size, claim values, treaty counts).

• Highlight stakeholder engagement such as reinsurer meetings, broker interactions, and client reporting.

• Demonstrate leadership by detailing your role in training, supervising, or reviewing work of junior accountants.

• Include achievements such as:

  • Reduced reinsurance reconciliation backlogs

  • Improved accuracy of treaty reporting

  • Implemented process improvements

• Ensure your CV shows strong Excel and system proficiency.

• Keep formatting professional, with clear headings and structured experience sections.

📜 Employment Equity Statement

Guardrisk is committed to Employment Equity, diversity, and inclusion in its recruitment processes. All appointments support the organisation’s Employment Equity objectives, and individuals with disabilities are encouraged to apply.