Reinsurance_LM

EXL Talent Acquisition Team; Dadri; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

EXL Talent Acquisition Team is seeking a Finance/Accounting professional in Uttar Pradesh to handle end-to-end financial reporting and regulatory duties for reinsurance operations. You will review ceded premiums, loss results, and reinsurance payments while ensuring accuracy in claims billing and general ledger reconciliation.

The role requires strong MS Excel skills, US GAAP understanding, and multiple years of accounting experience in reinsurance.

Qualifications

• Bachelor’s degree or post graduate in Accounting, MBA (Finance).
• CA qualification is a plus.
• Insurance/Reinsurance certifications preferred.

Responsibilities

• Prepare financial and management reporting.
• Perform Regulatory reporting (Schedule P, Schedule F).
• Review ceded premium and loss results from the reinsurance system.
• Manage review of reinsurance payments to brokers/reinsurers.
• Review claims billings.
• Perform accounting transactions and manual journals.
• Perform GL Reconciliation.

Skills

Ceded reinsurance

Analytical skill

US GAAP understanding

MS Excel/Office tools

Education

Bachelor’s/MBA in Accounting/Finance

CA (Chartered Accountant)

Insurance/Reinsurance certifications preferred

Tools

MS Excel

Office suite

Job description

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, provide 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 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