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 firm in Mumbai seeks a dynamic Subject Matter Expert for the reinsurance team. Responsibilities include managing the ReNova system, calculating premiums and claims, and ensuring timely coordination with reinsurers. Ideal candidates will have strong domain knowledge and excellent collaboration skills. The role offers a chance to drive projects and innovate processes within a supportive finance team.

Qualifications

• Proven experience as a Subject Matter Expert in reinsurance.
• Excellent command over ReNova and DCS systems.
• Strong knowledge of reinsurance arrangements and accounting.

Responsibilities

• Manage ReNova system and reinsurance accounting.
• Calculate reinsurance premiums, claims, and reserves.
• Ensure timely communication and coordination with reinsurers.

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 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.