Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 700,000 - 1,200,000; Full time

Job summary

A leading insurance firm in Mumbai seeks a dynamic Subject Matter Expert to support its reinsurance team. The role includes managing reinsurance activities, handling system implementations, and ensuring timely reporting to regulators. Ideal candidates should possess strong domain knowledge, creativity, and excellent command of the ReNova system. Collaboration with cross-functional teams and a customer-oriented approach are essential. This is an exciting opportunity for individuals passionate about insurance and reinsurance processes.

Qualifications

• Experience in reinsurance activities and processes.
• Ability to manage reinsurance regulatory reports.
• Excellent command over ReNova and DCS.

Responsibilities

• Manage overall reinsurance activities with integrity.
• Coordinate with internal and external stakeholders.
• Implement and calculate reinsurance arrangements.
• Prepare reinsurance bordereaux and accounts.
• Regulatory reporting to 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.

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.