Reinsurance Accountant

Choice International; Mumbai; Vor Ort; INR 1.200.000 - 2.400.000; Vollzeit

Zusammenfassung

Choice International in Mumbai seeks an experienced professional to develop and manage the complete Treaty Reinsurance portfolio for insurance clients, including placement, renewal, structuring and servicing as per regulatory norms.

The role involves end-to-end treaty placement, market visits to GIC Re, foreign branches, cross-border reinsurers and Lloyd's, plus advisory work with cedants on optimization and retention levels. Strong negotiation, analytics and regulatory knowledge are essential.

Qualifikationen

• Graduate/MBA/CA/B.Tech with relevant professional qualifications.
• Experience in treaty placements within broking or reinsurance.
• Strong knowledge of treaty reinsurance, regulations and accounting.

Aufgaben

• Manage end-to-end treaty placement and renewal, including proportional and non-proportional treaties.
• Develop market visits and negotiate terms with reinsurers and Lloyd's syndicates.
• Advise clients on treaty optimization, retention levels and reinsurance structure.
• Ensure 100% compliance in documentation, placements and MIS reporting.

Kenntnisse

Negotiation

Analytical thinking

Communication

Client relationship management

Ausbildung

Graduate

MBA

CA

B.Tech - AIII / FIII / ACII (Preferred)

Tools

MS Excel

Power Point

Broking ERP

Tally

Reinsurance management systems

Jobbeschreibung

Department: Reinsurance Broking

Location: Mumbai (on-site)

Reporting: Chief Reinsurance Officer

Experience: 5 to 10 Years

Qualification: Graduate / MBA / CA / B. Tech - AIII / FIII / ACII (Preferred)

Role Summary:

To develop and manage the complete Treaty Reinsurance portfolio for Insurance clients, including placement, renewal, structuring, and client servicing as per regulatory norms.

Key Responsibilities:

A. Treaty Placement & Renewal - Manage end-to-end treaty business including renewals and new placements - Proportional (Quota Share, Surplus) and Non-Proportional (Excess of Loss - Risk, Cat, Per Event). Collect, clean and analyze treaty data - Premium, Loss Bordereaux, SOV, exposure data from Cedents. Prepare treaty statistics, loss triangles, burning cost, and treaty structure analysis. Prepare Placement Slips, Reinsurance Slips and Treaty Wording.

B. Market Visits & Negotiation To develop, market treaty portfolios with various Reinsurance markets such as GIC Re, Foreign Reinsurance Branches (FRBs), Cross-Border Reinsurers (CBRs), and Lloyd's, IIOs. Negotiate best terms, commission, and pricing for Cedants. Ensure adherence to regulatory norms such as Order of Preference, Contract management, TAT etc.

C. Client Management & Advisory - Act as primary contact for Insurance Companies for treaty matters. Advise cedants on treaty optimization, retention levels, and reinsurance structure. Present annual treaty performance review and market updates to clients.

D. Documentation & Compliance - Issuance of Cover Notes, Treaty Statements, and periodic settlements. Maintain 100% compliance on documentation, placement file, and system entry. Prepare Treaty MIS and maintain placement tracker.

5. Systems & Process: Work on Broking ERP / Tally / Reinsurance management systems. Drive process improvement and automation.

Competencies Required: Strong knowledge of Treaty Reinsurance, various Regulations, Reinsurance Accounting. Proficiency in MS Excel, Power Point.

Experience: Must have handled treaty placements in a Broking Firm / Reinsurance Company / Insurance Company Reinsurance Dept. Lines Handled: Property, Engineering, Marine, Motor, Liability, Miscellaneous, Agriculture etc.

Soft Skills: Excellent negotiation, analytical, communication, documentation and client relationship skills.