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 insurance provider seeks a dynamic Subject Matter Expert (SME) in Mumbai to manage reinsurance activities. Responsibilities include overseeing the ReNova system, preparing regulatory reports, and ensuring effective collaboration with internal and external stakeholders. The ideal candidate will possess strong domain knowledge and command over essential tools like ReNova and DCS, driving innovation and efficiency in processes.

Qualifications

• Dynamic and energetic SME required for reinsurance activities.
• Experience in managing overall reinsurance operations.
• Must have excellent command over ReNova/DCS systems.
• Familiarity with ReNova system.

Responsibilities

• Manage ReNova system and reinsurance accounting.
• Prepare reinsurance regulatory reports and accounts.
• Understand and implement various reinsurance arrangements.
• Preparing bordereaux and accounts.
• Sharing bordereaux with reinsurers within timeline.
• Follow up for invoices and settlement of the accounts.
• Co-ordination with Claims/UW/Group/Actuaries etc.
• Regulatory reporting (IRDAI).

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 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.

• 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 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.