Lead Assistant Manager

EXL; Dadri; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A leading company in Reinsurance is seeking a Lead Assistant Manager to oversee financial and management reporting, including regulatory tasks. The ideal candidate will have 4-5 years of experience in Reinsurance operations, with strong analytical skills and proficiency in MS Excel. Relevant educational qualifications include a Bachelor's or MBA in Accounting or Finance, along with applicable certifications. This permanent position based in Noida, India offers opportunities for internal and external collaboration and problem-solving.

Qualifications

• 4-5 years of experience in Reinsurance operations or accounting.
• Overall experience of 7-10 years.
• Hands-on experience with large data and analytical abilities.

Responsibilities

• Prepare financial and management reporting.
• Perform regulatory reporting such as Schedule P and Schedule F.
• Manage review of reinsurance payments and claims billings.

Skills

Ceded reinsurance knowledge

Analytical skills

MS Excel proficiency

Communication skills

Education

Bachelor's degree in Accounting

MBA in Finance

Insurance/Reinsurance certifications

Job description

Job Description

Position Title: Lead Assistant Manager (Reinsurance)

Function, Responsibility Level: Reinsurance Operations, Lead Assistant Manager

Reports to: Manager – Reinsurance Operations; Sr. Manager – Reinsurance Operations

Location: Noida, India

Span of Control: 0

Position Type: Permanent

Responsibilities

• Primary Responsibility: Prepare financial and management reporting and perform regulatory reporting such as 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

• Education: Bachelor’s degree or Post Graduate in Accounting, MBA (Finance); Insurance/Reinsurance certifications preferred.
• Work Experience: Lead Assistant Manager – 4-5 years of experience in 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.

Interactions

Primary Internal Interactions: LAM / Manager for reporting performance, escalation handling, clarifying concerns, seeking support and monthly evaluation of performance. AVP for settling issues left unresolved by the LAM/Manager. Subject Matter Expert for handling process related issues, queries and escalated transactions. QCA for associate performance feedback and audit for updating training curriculum.

Primary External Interactions: Onshore teams for routine day-to-day tasks, Auditors for audit requirements and supplying adequate documents, Trainers, SMEs and Operations for developing and updating training curriculum, providing feedback on training and discussing specific action plans. Will interact extensively with onshore for US GAAP and regulatory reporting. Escalations team at client end for seeking clarifications & answering queries.

Additional Requirements

• Education Requirements: Bachelor’s degree or Post Graduate in Accounting, MBA (Finance). CA Insurance/Reinsurance certifications preferred.