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 company in Mumbai is seeking a dynamic and energetic Subject Matter Expert to support the reinsurance team. This role requires expertise in managing reinsurance activities, maintaining the ReNova system, and preparing regulatory reports. The ideal candidate will have strong domain knowledge along with experience in calculating premiums and coordinating with various stakeholders. The position emphasizes integrity, timely execution, and effective collaboration within cross-functional teams.

Qualifications

• Expertise in ReNova system management and reinsurance accounting.
• Understanding of insurance products and reinsurance treaties.
• Ability to prepare regulatory reports, including IRDAI compliance.

Responsibilities

• Calculate reinsurance premiums, claims, and reserves.
• Manage coordination with claims, underwriting, and actuaries.
• Prepare reinsurance bordereaux and ensure timely sharing with reinsurers.
• Implement various reinsurance arrangements in the ReNova system.

Skills

Domain knowledge

Customer orientation

Creativity and Innovation

Decision Making

Drive projects

Collaboration with cross-functional teams

Tools

ReNova

DCS

Job description

Reinsurance Administration process is part of finance team, which takes care of 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 the reinsurance team in managing overall reinsurance activities with a high level of integrity, faster execution, respect for timelines 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 coordination with Claims/UW/Group/Actuaries etc.
9. Regulatory reporting (IRDAI).

Excellent command over ReNova/DCS.