Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

A leading financial services company in Mumbai seeks a dynamic Subject Matter Expert (SME) for its reinsurance team. The role involves managing reinsurance activities, including system management, accounting, and regulatory reporting, with a focus on integrity and efficient interaction with stakeholders. Ideal candidates will possess strong domain knowledge in reinsurance and excellent command over relevant systems like ReNova. This position offers the opportunity to drive projects and collaborate with cross-functional teams.

Qualifications

• Experience with reinsurance arrangements and regulations.
• Strong analytical skills to calculate premiums, claims, and reserves.
• Ability to manage and prepare regulatory reports.

Responsibilities

• Manage ReNova system and reinsurance accounting.
• Prepare reinsurance regulatory reports.
• Implement and understand various reinsurance arrangements.
• Coordinate with internal departments and reinsurers.
• Support process improvements and regulatory reporting.

Skills

Domain knowledge (SME)

Customer orientation

Creativity and Innovation

Decision Making

Project management

Collaboration with cross-functional teams

ReNova/DCS knowledge

Tools

ReNova

DCS

Job description

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

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

What are we looking for?

A dynamic and energetic Subject Matter Expert (SME) to support reinsurance team in managing overall reinsurance activities with a high level of integrity, faster execution, respect for timeline and efficient interaction with internal and external stakeholders.

1. Domain knowledge (SME).
2. Customer orientation.
3. Creativity and Innovation.
4. Decision Making.
5. Drive projects.
6. Collaboration with cross-functional team.

What does the job entail?

Managing ReNova system, reinsurance accounting along with preparation of reinsurance regulatory reports including but not limited to the following activities:

1. Understanding of various reinsurance arrangements.
2. Implementation of reinsurance arrangements in the ReNova system.
3. Understanding of insurance product / reinsurance treaties.
4. Calculation of reinsurance premiums/Claims/Reserves.
5. Preparing reinsurance bordereaux and accounts.
6. Sharing bordereaux with reinsurers within timeline.
7. Follow up for invoices and submission for settlement of the accounts.
8. Managing Internal department co‑ordination with Claims/UW/Group/Actuaries etc.
9. Regulatory reporting (IRDAI).

• Excellent command over ReNova/DCS.