Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

A leading life insurance company seeks a dynamic Subject Matter Expert (SME) for their reinsurance team. The successful candidate will manage the ReNova system and handle reinsurance accounting and reporting. Key responsibilities include calculating premiums, preparing bordereaux, and ensuring compliance with regulatory requirements. Strong knowledge in reinsurance processes and excellent communication skills are essential. This role offers opportunities for creativity and collaboration in a fast-paced environment.

Qualifications

• Proven expertise in reinsurance processes and products.
• Ability to manage reinsurance accounting and reporting.
• Strong analytical skills to assess reinsurance arrangements.
• Strong decision-making ability.
• Ability to drive projects to completion.
• Collaborative with cross-functional teams.

Responsibilities

• Manage the ReNova system for reinsurance activities.
• Calculate reinsurance premiums, claims, and reserves.
• Prepare and share reinsurance bordereaux and regulatory reports.
• Prepare bordereaux and accounts for reinsurers.
• Coordinate with internal teams (Claims/UW/Group/Actuaries) and reinsurers.
• Ensure timely invoicing and settlement of accounts.

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 the reinsurance administrative activities including -

• Reinsurance premium and claims computation.
• Products/treaty set-up in ReNova.
• Analysis and impact assessment on re-insurance process ofnew product launch
• Coordination with reinsurer for account settlement.
• Automation and process improvement
• Excellent command over ReNova/DCS.

What are we looking for?

A dynamic and energetic Subject Matter Expert (SME) tosupport reinsurance team in managing overall reinsurance activities with a highlevel of integrity, faster execution, respect for timeline and efficientinteraction with internal and external stakeholders.

• Domain knowledge (SME).
• Customer orientation.
• Creativity and Innovation.
• Decision Making.
• Drive projects.
• Collaboration with cross-functional team.

What does the job entail?

Managing ReNova system, reinsurance accounting along withpreparation of reinsurance regulatory reports including but not limited to thefollowing activities

• Understanding of various reinsurance arrangements.
• Implementation of reinsurance arrangements in the ReNovasystem.
• Understanding of insurance product / reinsurancetreaties.
• Calculation of reinsurance premiums/Claims/Reserves.
• Preparing reinsurance bordereaux and accounts.
• Sharing bordereaux with reinsurers within timeline.
• Follow up for invoices and submission for settlement ofthe accounts.
• Managing Internal department co-ordination withClaims/UW/Group/Actuaries etc.
• Regulatory reporting (IRDAI).