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 company is seeking a dynamic Subject Matter Expert (SME) for their reinsurance team in Mumbai. The role involves managing reinsurance activities, implementing processes in the ReNova system, and preparing regulatory reports. Ideal candidates will demonstrate strong domain knowledge, excellent decision-making skills, and experience in cross-functional collaboration. This position offers the opportunity to drive projects that enhance overall reinsurance efficiency.

Qualifications

• Excellent command over ReNova/DCS.
• Experience in managing reinsurance activities.
• Strong understanding of reinsurance and insurance products.
• Decisive decision making with a results-oriented mindset.
• Ability to drive projects to completion with cross-functional teams.

Responsibilities

• Manage reinsurance activities with high integrity and respect for timelines.
• Implement various reinsurance arrangements in the ReNova system.
• Calculate reinsurance premiums, claims, and reserves.
• Prepare regulatory reports for IRDAI.
• Ensure timely submission of bordereaux and accounts.

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.

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.