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Career Experts
AM Reinsurance Technical Accounting
Career Experts · posted 5 months ago
Gurugramoperations
About the role
- Support the Insurance and Reinsurance accounting process, ensure business (direct, assumed, outwards) is properly coded; the data is correctly entered in accounting system, reconciled, and reported accurately.
- Communicate effectively with internal departments (underwriting, claims, actuarial, audit, finance/accounting), Brokers, Reinsurers, MGA/MGUs
- Documenting processes by creating SOPs.
- Coordinate with Outwards accountants ensuring accurate recoverables, collections and cash application in accounting system.
- Oversee and process various Direct and Ceded programs including premium and claims bookings as well as payment processing in accounting system and Workday.
- Oversee imprest accounts, trusts, funds held, cash loss advances for various programs.
- Allocation of incoming/outgoing settlements in the accounting system.
- Maintaining financial records, keeping accounts up to date with current transactions
- Weekly Control Reporting, (Unsettled balances, Unsettled Remittances, Transaction Control, Return Premium Control)
- Ensuring timely and efficient settlement of Technical Payments
- Filing of all technical accounting correspondence and support deck within document management system.
- Assist in the development and improvement of existing technical accounting processes.