Re insurance

Job Description: Reinsurance operations
Location: Chembur, Mumbai.Department: OperationsCompany: Techsurance Pvt LtdNumber of positions: 3

Role Overview:
The support Staff in Reinsurance operations will play a crucial role in ensuring the accuracy, Timelines, and efficiency of insurance account reconciliations, premium and claims management, and coordination with insurers, brokers, and internal teams. This position involves a combination of analytical, operational, and coordination responsibilities essential to the smooth functioning of the reinsurance accounting process.

Key Responsibilities:
1. Monitor and reconcile insurance accounts, assisting the finance team in preparing receivables/payables.2. Coordinate with insurance companies and reinsurance brokers for timely receipt of premium and claims bordereaux.3. Follow up on premium and claim recoveries with insurers and brokers.4. Analyze account performance and generate ageing reports and trend analyses.5. Periodically prepare and share premium and claim bordereaux with insurers/retrocessionaires.6. Identify and recommend improvements to existing operational processes.7. Review assumed and ceded reinsurance entries to ensure compliance with treaty terms and supporting documentation.8. Investigate and resolve variances in premium and claim entries in the accounting system.9. Collaborate with Operations, Accounting, Claims, and Finance teams to enhance reinsurance workflows10. Assist in preparing cash flow forecasts for underwritten business.11. Support both internal and external audits with appropriate documentation and controls.12. Manage function-specific generic email inbox and respond to queries effectively.13. Compute revenue based on census files, including members details, premium rates, and other estimation inputs.14. Classify revenue into categories such as premium, adjustments, taxes, brokage and retrocession.15. Assist Operations and Finance teams during monthly concurrent audits, half yearly internals audits, and statutory audits.16. Handle clients servicing activities including Client ID creation, proposal setup, policy issuance/alteration/receipting, and mailbox management.

Qualifications & Skills
Bachelors degree in Commerce, Accounting, Insurance, or related field. 1-3 years of relevant experience in reinsurance operations preferred. Strong analytical and reconciliation skills. Advance Microsoft Excel and financial accounting systems. Good communication and coordination skills. Attention to details with an ability to manage multiple tasks under tight deadlines. Exposure to reinsurance accounting and treaty management is an advantage.