Sr. Manager- I - FINANCE SC

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

Job summary

A leading insurance provider in Mumbai is seeking a dynamic Subject Matter Expert (SME) in Reinsurance to manage essential activities including premium calculation and regulatory reporting. The ideal candidate will exhibit strong expertise in the ReNova system, ensuring effective coordination with both internal teams and external partners. This role demands creativity, decision-making abilities, and a commitment to maintaining high standards and timelines.

Qualifications

• Experience in managing reinsurance activities with integrity.
• Ability to collaborate with internal and external stakeholders.
• Proven expertise in the ReNova system.

Responsibilities

• Manage ReNova system and reinsurance accounting.
• Prepare regulatory reports for reinsurance.
• Coordinate with internal departments for claims and underwriting.

Skills

Domain knowledge (SME)

Customer orientation

Creativity and Innovation

Decision Making

Drive projects

Collaboration with cross-functional team

Tools

ReNova

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).