Primary Responsibility:
- Prepare financial and management reporting
- Perform Regulatory reporting such Schedule P, Schedule F etc
- Review ceded premium and loss results from the reinsurance system
- Manage review of reinsurance payments to the brokers/reinsurers
- Review claims billings
- Perform accounting transactions, manual journals
- Perform GL Reconciliation
Technical Skills:
- Good knowledge of ceded reinsurance
- Sound analytical skill
- MS Excel and other office tools
- Have an understanding of US GAAP
Education
- Bachelor’s degree or Post Graduate in Accounting, MBA (Finance)
- Insurance/Reinsurance certifications preferred
Primary Internal Interactions
- LAM / Manager for the purpose of reporting performance, escalation handling, clarifying concerns, seeking support and monthly evaluation of performance
- AVP for the purpose of settling issues left unresolved by the LAM /Manager
- Subject Matter Expert for the purpose of handling process related issues, queries and escalated transactions
- QCA for the purpose of associate performance feedback and audit in order to update the training curriculum
- Primary External Interactions
- Onshore teams for routine day to day tasks
- Auditors for the purpose of getting Audit Requirements & supplying adequate documents
- Trainers, SMEs and Operations for the purpose of developing and updating training curriculum, provide feedback on training and discussing specific action plans
- Will interact extensively with onshore for US GAAP and regulatory reporting
- Escalations team at client end for the purpose of seeking clarifications & answering queries
Education Requirements
- Bachelor’s degree or Post Graduate in Accounting, MBA (Finance), CA
- Insurance/Reinsurance certifications preferred
Work Experience Requirements
Lead Assistant Manager:-
- 4-5 years of experience in the field of Reinsurance operations or accounting
- Overall experience of 7-10 Years
- Hands on experience in working with large data
- Analytical abilities
- Strong MS Excel and communication skills
Assistant Manager:-
- 2-4 years of experience in the field of Reinsurance operations or accounting
- Overall experience of 5-7 Years
- Hands on experience in handling reinsurance processes
- Good MS Excel and communication skills
Managing accounting for Ceded Premium, commission, UEP,Claims, reserves and cash
Calculation and booking of manual top side journals
Performing Balances sheet and Intercompany reconciliations
Preparation of Management & Financial Reporting
Preparation of regulatory reporting
- Bachelor’s degree or Post Graduate in Accounting, MBA (Finance), CA
- Insurance/Reinsurance certifications preferred