Sr. Manager- I - FINANCE SC

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

Job summary

A leading insurance firm is looking for a Reinsurance Administrator in Mumbai to manage reinsurance activities, including premium calculations and regulatory reporting. The ideal candidate should possess domain knowledge and collaborate effectively with cross-functional teams. Expertise in the ReNova system is essential for automating processes and improving workflows. This role requires strong decision-making skills and creativity in project execution.

Qualifications

• Understanding of various reinsurance arrangements.
• Excellent command over ReNova/DCS.
• Experience in managing reinsurance accounting.

Responsibilities

• Calculating reinsurance premiums, claims, and reserves.
• Implementing reinsurance arrangements in the ReNova system.
• Preparing regulatory reports including bordereaux.

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 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.