Operations Intern
Job Description
<strong><u>Position Overview<br><br></u></strong>To assist Operations team with Treaty Administration, Financial statements Administration and Accounts payable related work.<br><br><strong><u>Responsibilities<br></u></strong><ul><li>Treaty Administration</li><ul><li>Preparation of Treaty documentation and follow up on the complete process including functional approvals and follow up with clients.</li><li>Coordinate on treaty wording changes required in line with local business needs with Treaties and Legal team.</li><li>Administration</li><ul><li>For your specific treaty and / or client responsibility, provide administration data for input to accounting records, valuation systems and regulatory returns.</li><li>Specifically this will include but is not limited to the following:</li><ul><li>Processing of client statements. Processing files / data related to the receipt of reinsurance premiums, commissions, brokerage, and the co-ordination of claims processing with the CE&ME Claims Administration Team, etc.</li><li>Allocation of cash funds received and disbursed to our clients, in our core administration systems in a timely and accurate manner.</li><li>Ensuring all incoming and outgoing files and cash are tracked and processed through to completion</li><li>Ensure OFAC and compliance controls are carried out within the required timeframes and in a timely and accurate manner.</li><li>Ensure month end deadlines are met. This includes working with both team colleagues and members of the wider CE&ME Admin Operations Team as well as EMEA Finance and Valuations to ensure data can be processed in a timely and accurate manner to achieve this goal.</li></ul><li>Ensure administration processes and procedures are fully documented.</li><li>Maintain a professional and working relationship with clients, both internal and external.</li><li>Accounts Payable related work</li><ul><li>Invoice reconciliation</li><li>Vendor vetting.</li></ul></ul></ul><strong>Requirements<br></strong><ul><li>Bachelor’s degree</li><li>Based in Dubai, with proof of right of residence</li></ul></ul><strong>Company Overview<br><br></strong>Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA celebrates its 50th anniversary in 2023. Over the past five decades, RGA has become one of the world’s largest and most respected reinsurers and is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.3 trillion of life reinsurance in force and assets of $82.7 billion as of September 30, 2022.
