Reinsurance Accounting and Operation (Noida)

Band B2 Reinsurance Accounting Short Description for External Candidates Looking for candidates having knowledge of US GAAP, Balance sheet reconciliation and Journal entries in system. Good excel skills have knowledge on pivot, H Look, V Look up, Copilot. Description for External Candidates - 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 Qualifications for External Candidates - Bachelors degree or Post Graduate in Accounting, MBA (Finance) - Insurance/Reinsurance certifications preferred -------------------------------------------------------------------------------------------------------------------------- Band B1 Reinsurance Accounting Short Description for External Candidates Looking for candidates having knowledge of US GAAP, Balance sheet reconciliation and Journal entries in system. Good excel skills have knwoledge on pivot, H Look, V Look up, Copilot. Description for External Candidates - 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 journal - Perform GL Reconciliation Responsibilities for External Candidates 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 Qualifications for External Candidates Bachelor degree in accounting 6-9 years of experience in Reinsurance Accounting Technical Skills: - Positive knowledge of ceded reinsurance - Sound analytical skill - MS Excel and other office tools - Have an understanding of US GAAP - Bachelors degree or Post Graduate in Accounting, MBA (Finance) - Insurance/Reinsurance certifications preferred -------------------------------------------------------------------------------------------------------------------------- Band B1 Reinsurance Operations Short Description for External Candidates Managing ceded reinsurance operations task from Setting up treaty and FAC contracts in RI system, premium & claims, calculation of Profit/Sliding Scale Commissions, Reinstatement premium, Premium adjustments, Premium and claims cession management, bordereaux, billings & collections, treaty and FAC payments and cash application Description for External Candidates This role requires the person to handle reinsurance contract life cycle from contract set-up to broker/reinsurer statements & billings & collections Responsibilities for External Candidates Managing ceded reinsurance operations task from Setting up treaty and FAC contracts in RI system, premium & claims, calculation of Profit/Sliding Scale Commissions, Reinstatement premium, Premium adjustments, Premium and claims cession management, bordereaux, billings & collections, treaty and FAC payments and cash application Qualifications for External Candidates Bachelor degree 4-6 years of experience in Reinsurance Operations -------------------------------------------------------------------------------------------------------------------------- Band B1/B2 Reinsurance Operations Work Experience Requirements Primary Responsibility: - Complete Operation Management for Reinsurance processes - Timely and accurate delivery of daily, monthly and periodic processing of client requirements - Supports the team as a Reinsurance SME in day to day operations - Driving quality initiatives and transformation ideas - Drive and Measurerobust process controls in the process - Lead a team of 8 15 Analyst / Sr Analyst - Manage level 2 escalations - SLA / Dashboard reporting Technical Skills: - Strong knowledge of ceded reinsurance - Excellent analytical skill - MS Excel and other office tools - Knowledge of Genius / URS preferred Primary Internal Interactions - Team members for day to day operations support, queries, knowledge support - Sr/Manager/Sr. AVP for the purpose of reporting performance, escalation handling, clarifying concerns, seeking support and monthly evaluation of performance - PE team for any data requirements for process performance - Internal stakeholders like, compliance, training teams, HR, transformation team - Internal auditors for process audits Primary External Interactions - Onshore teams for routine day to day .