Chief Manager - Reinsurance

5 - 10 years

20 - 35 Lacs

Posted:1 month ago| Platform: Naukri logo

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Work Mode

Work from Office

Job Type

Full Time

Job Description

About the Department:

Reinsurance Administration process is part of finance team, which takes care the reinsurance administrative activities including (a) Reinsurance premium and claims computation (b) Products / treaty set-up in ReNova (c) Co-ordination with reinsurer for account settlement (d) Internal/regulatory reporting and (e) Technical accounting. Managing ReNova system.ssss

What are we looking for?

A dynamic and energetic Subject Matter Expert (SME) to support reinsurance team in managing overall reinsurance activities with a high level of integrity, faster execution, respect for timeline and efficient interaction with internal and external stakeholders.

Competencies required :

  • Domain knowledge (SME)
  • Customer orientation
  • Creativity and Innovation
  • Faster execution
  • Decision Making
  • Drive projects
  • Collaboration with cross-functional team

What does the job entail?

Managing ReNova system, reinsurance accounting along with preparation of reinsurance regulatory reports including but not limited to the following activities:

  • Understanding of various reinsurance arrangements
  • Implementation of reinsurance arrangements in the ReNova system
  • Understanding of insurance product / reinsurance treaties
  • Calculation of reinsurance premiums/Claims/Reserves
  • Preparing reinsurance bordereaux and accounts
  • Sharing bordereaux with reinsurers within timeline
  • Follow up for invoices and submission for settlement of the accounts
  • Internal department co-ordination with Claims/UW/Group/Actuaries etc.
  • Regulatory reporting (IRDAI)

Education:

Work exp:

Work related skills:

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