Assistant Manager / Lead Assistant Manager (Reinsurance)

Assistant Manager / Lead Assistant Manager (Reinsurance)

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Reports to

Manager – Reinsurance Operations

Sr. Manager – Reinsurance Operations

Location

Noida, India

Position Type

Permanent

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
  • Providing feedback on training
  • 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