Sr. Manager- I - FINANCE SC

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

Job summary

A leading insurance company in Mumbai is seeking a dynamic Subject Matter Expert (SME) to support its reinsurance team. The role emphasizes managing reinsurance activities, ensuring efficient interaction with internal and external stakeholders, and utilizing the ReNova system for reinsurance accounting and reporting. The ideal candidate will have deep domain knowledge and strong analytical skills, with experience preparing regulatory reports and managing reinsurance arrangements. This position supports integrity and efficiency within the finance team.

Qualifications

• Expertise in reinsurance activities and regulatory reporting.
• Experience in managing ReNova system for accounting.
• Strong analytical skills in premium and claims calculation.
• Solid decision making and ownership mindset.
• Ability to drive projects and coordinate across teams.

Responsibilities

• Manage overall reinsurance activities with integrity.
• Implement reinsurance arrangements in ReNova system.
• Prepare reinsurance regulatory reports.
• Calculate reinsurance premiums/Claims/Reserves.
• Prepare reinsurance bordereaux and accounts.
• Share bordereaux with reinsurers within timeline.
• Follow up for invoices and submission for settlement of the accounts.
• Managing internal department co-ordination with Claims/UW/Group/Actuaries etc.
• Regulatory reporting (IRDAI).
• Excellent command over ReNova/DCS.

Skills

Domain knowledge

Customer orientation

Creativity and Innovation

Decision Making

Project management

Collaboration with cross-functional teams

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.