Reinsurance Cash Manager
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Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Who We Are
Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug technology platform for more than 80 partners. We provide most of our insurance products through APIs and host white-label insurance solutions via our Play&Plug technology platform.
With a footprint spanning 32 countries Wakam is the European leader in digital and embedded insurance.
Strongly committed to social responsibility Wakam is a mission-driven company dedicated to enabling transparent and impactful insurance.
About the Team
You will join Wakams Finance ecosystem working closely with Reinsurance and Treasury. This role sits at the crossroads of FP&A and Accounting with a strong operational dimension (cash tracking settlements) and a strategic one (performance monitoring decision support).
You will be a key point of contact for reinsurers and brokers while partnering internally with Finance stakeholders to ensure cash reliability visibility and control across Wakams reinsurance programs.
Your Mission
As a Reinsurance Cash Manager your mission is to secure and optimise reinsurance cash flows (premium payables recoveries receivables) provide clear financial visibility on reinsurance performance and act as a trusted interface between reinsurers Treasury and internal teams.
You will contribute to the reliability of financial operations and support continuous improvement including the implementation and maintenance of our reinsurance management tool xLayer.
Your Responsibilities
1) Cash & Payment Management
You will manage day-to-day cash operations related to reinsurance by monitoring cash flows (premium payables loss recoveries and receivables) tracking and reconciling reinsurer payments and following up on overdue balances. You will coordinate with Treasury on cash forecasting and liquidity planning manage cash calls collateral requirements and funds withheld accounts and escalate payment issuesdriving resolution with reinsurers and/or brokers.
2) Reinsurance Financial Analysis & Reporting
You will produce management reporting on key reinsurance KPIs and cash positions deliver variance analysis (actual vs budget vs prior year) and contribute to financial assessments and business cases supporting new reinsurance programs.
3) Reinsurer Relationship Management
You will support the Reinsurance team in day-to-day queries and discussions lead quarterly/annual settlement reconciliation meetings with reinsurers and resolve disputes on balances payment timing and contractual interpretations. You will also support treaty renewals on financial items (e.g. commissions financial terms) and maintain reinsurer scorecards (timeliness responsiveness quality).
4) Process Improvement & Projects
You will drive automation of cash tracking and reconciliation processes and contribute to the xLayer implementation (cash workflows reporting) as well as ongoing maintenance and improvements. You will identify efficiency opportunities and collaborate with IT/Finance on system enhancements.
5) Control & Compliance
You will ensure adherence to cash management policies and internal controls validate the accuracy of cash-related balance sheet accounts and support audit requests related to reinsurance cash and recoverables.
What You Bring
You have a strong foundation in finance/accounting combined with the ability to manage operational flows and build clear financial narratives. You bring experience in cash management reconciliations and financial analysis ideally in insurance/reinsurance or another regulated financial environment. You are comfortable working with multiple stakeholders (Treasury Accounting Reinsurance brokers/reinsurers) and can handle both run activities and improvement projects.
You have strong proficiency in Excel and financial systems/reporting tools and you communicate confidently in English (French is a strong plus depending on scope and stakeholders). A good understanding of reinsurance mechanics (treaties statements settlements collateral/funds withheld) is expected.
Who You Are
You are rigorous structured and reliable with strong ownership of deadlines and cash accuracy. You are proactive in follow-ups comfortable handling external counterparties and able to de-escalate disputes while protecting Wakams interests. You enjoy improving processes and you can translate complex cash/reinsurance topics into clear messages for non-specialists.
AI & Digital Mindset
You naturally look for ways to automate reconciliations standard controls and reporting. Youre comfortable using digital tools to improve traceability and productivity (data extraction anomaly detection standard checks) while maintaining strong governance and auditability.
Why Join Wakam
This role offers direct impact on cash reliability financial performance visibility and partner/reinsurer relationshipsat the heart of Wakams reinsurance operating model. You will work in a fast-moving international environment and contribute to meaningful transformation through tooling (xLayer) and process automation.
Hiring Process
Our recruitment process is designed to be clear structured and efficient:
- Screening interview with our Talent Acquisition Partner
- Interview with our Chief Financial Officer
- Final interview with our HR Business Partner
More About Us
Check out our website to learn about the11 cultural markers that make Wakam truly special! If youre adventurous impact-driven and ready to shape the future of insurance wed love to meet you!
What Makes Us Unique:
True remote work flexibility with our Wakam From Anywhere (WFA) program - yes we even have a teammate working from a sailboat!
Flat hierarchical system promoting direct impact and autonomy
Monthly : dedicated time for personal growth and skills development
Lunch voucher with Swile card
A meaningful company: we became a Mission-driven company in March 2021
Work alongside passionate experts:who will share their knowledge and help you develop and grow in your career.
At Wakam our Free to Impact culture is built on four essential pillars that shape everything we do :
Communication & Knowledge Management
Foster transparent collaboration across our flat organizational structure
Share knowledge freely in our highly collaborative environment
Contribute to our collective intelligence through open dialogue
Curiosity
Embrace our monthly for learning and skills sponsorship
Think big and challenge conventional insurance norms
Stay eager to learn and explore new possibilities
Continuous Improvement
Take initiative to transform the insurance industry
Turn challenges into opportunities for innovation
Constantly evolve our ways of working
Outcome Oriented
Focus on impact rather than hierarchy
Drive results through clear objectives and autonomy
Transform bold ideas into concrete solutions
At Wakam we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process please feel free to reach out to your recruiter.
Required Experience:
Manager
Key Skills
- Healthcare Attorney
- Data Management
- Downstream
- Insurance
- Electrical Maintenance
About Company
Découvrez Wakam, assureur B2B2C digital européen et créateur de d’assurance sur-mesure en marque blanche, expert en portage de risque.
