Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 600,000 - 800,000; Full time

Job summary

A leading life insurance company in Mumbai is seeking a skilled professional for reinsurance administration. Your responsibilities will include managing the ReNova system, calculating premiums and claims, preparing regulatory reports, and ensuring effective coordination with cross-functional teams. Ideal candidates will possess domain knowledge and strong customer orientation skills. This role promises a dynamic environment in a reputable organization.

Qualifications

• Excellent command over ReNova/DCS.
• Understanding of various reinsurance arrangements.
• Knowledge of insurance product/reinsurance treaties.

Responsibilities

• Manage ReNova system and reinsurance accounting.
• Prepare reinsurance regulatory reports.
• Calculate reinsurance premiums, claims, and reserves.

Skills

Domain knowledge

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 of new product launch
• Coordination with reinsurer for account settlement.
• Automation and process improvement

What are we looking for?

• 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 ReNova system.
• 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 with Claims/UW/Group/Actuaries etc.
• Regulatory reporting (IRDAI).
• Excellent command over ReNova/DCS.