Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 700,000 - 1,200,000; Full time

Job summary

A leading insurance company is seeking a Subject Matter Expert (SME) for their reinsurance administration process in Mumbai. The successful candidate will manage the ReNova system, perform calculations for premiums, claims, and reserves, and prepare regulatory reports while ensuring efficient coordination. Candidates should possess domain knowledge, customer orientation, and a creative mindset to drive innovation. This role emphasizes timely execution and integrity in managing reinsurance activities.

Qualifications

• Dynamic and energetic Subject Matter Expert for reinsurance management.
• High level of integrity and respect for timelines.
• Efficient interaction with diverse stakeholders.

Responsibilities

• Managing ReNova system and reinsurance accounting.
• Preparation of regulatory reports, ensuring compliance.
• Calculation of reinsurance premiums, claims, and reserves.

Skills

Domain knowledge (SME)

Customer orientation

Creativity and Innovation

Decision Making

Drive projects

Collaboration with cross-functional team

Tools

ReNova

DCS

Job description

Reinsurance Administration process is part of finance team, which takes care the reinsurance administrative activities including -

• Reinsurance premium and claims computation.
• Products/treaty set-up in ReNova.
• Analysis and impact assessment on re-insurance process ofnew product launch
• Coordination with reinsurer for account settlement.
• Automation and process improvement
• Excellent command over ReNova/DCS.

What are we looking for?

A dynamic and energetic Subject Matter Expert (SME) tosupport reinsurance team in managing overall reinsurance activities with a highlevel of integrity, faster execution, respect for timeline and efficientinteraction with internal and external stakeholders.

• Domain knowledge (SME).
• Customer orientation.
• Creativity and Innovation.
• Decision Making.
• Drive projects.
• Collaboration with cross-functional team.

What does the job entail?

Managing ReNova system, reinsurance accounting along withpreparation of reinsurance regulatory reports including but not limited to thefollowing activities

• Understanding of various reinsurance arrangements.
• Implementation of reinsurance arrangements in the ReNovasystem.
• Understanding of insurance product / reinsurancetreaties.
• Calculation of reinsurance premiums/Claims/Reserves.
• Preparing reinsurance bordereaux and accounts.
• Sharing bordereaux with reinsurers within timeline.
• Follow up for invoices and submission for settlement ofthe accounts.
• Managing Internal department co-ordination withClaims/UW/Group/Actuaries etc.
• Regulatory reporting (IRDAI).