Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 600,000 - 800,000; Full time

Job summary

A leading insurance company is seeking a professional to manage reinsurance administrative activities. The role involves calculating premiums, preparing regulatory reports, and coordinating with reinsurers. Candidates should demonstrate domain knowledge, strong customer orientation, and proficiency in ReNova. The ideal candidate will have creativity, decision-making skills, and the ability to collaborate with cross-functional teams effectively.

Qualifications

• Understanding of various reinsurance arrangements.
• Calculation of reinsurance premiums, claims, and reserves.
• Regulatory reporting for IRDAI.

Responsibilities

• Manage the ReNova system and reinsurance accounting.
• Prepare reinsurance regulatory reports and bordereaux.
• Coordinate with reinsurers for account settlement.

Skills

Domain knowledge (SME)

Customer orientation

Creativity and Innovation

Decision Making

Collaboration with cross-functional teams

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 of new product launch.
• Coordination with reinsurer for account settlement.
• Automation and process improvement.

What are we looking for?

• 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 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 / reinsurancetreaties.
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).
10. Excellent command over ReNova/DCS.