Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 600,000 - 1,000,000; Full time

Job summary

A major financial institution in Mumbai is seeking a Subject Matter Expert (SME) for their reinsurance team. The role involves managing the ReNova system, executing reinsurance activities with high integrity, and preparing regulatory reports. Ideal candidates should possess strong domain knowledge, customer orientation, and creativity. This is a dynamic role requiring efficient stakeholder interaction and project management skills. Opportunities for innovation in process improvements are encouraged.

Qualifications

• A dynamic and energetic individual with strong subject matter expertise in reinsurance.
• Excellent command over ReNova and DCS systems.
• Ability to manage timelines and interact efficiently with stakeholders.

Responsibilities

• Manage ReNova system and reinsurance accounting.
• Prepare regulatory reports for IRDAI.
• Implement various reinsurance arrangements in the system.
• Calculate reinsurance premiums, claims, and reserves.

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.