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 is seeking a dynamic Subject Matter Expert to support the reinsurance team. The role involves managing reinsurance activities, coordinating with internal and external stakeholders, and ensuring efficient execution of tasks. Candidates must have excellent command over ReNova, experience in reinsurance accounting, and a strong ability to drive projects forward. This position offers opportunities for innovation and collaboration within the finance team.

Qualifications

• Expertise in managing reinsurance activities with integrity and efficiency.
• Ability to handle reinsurance accounting and regulatory reporting.
• Experience with automation and process improvement in finance.

Responsibilities

• Manage ReNova system for reinsurance accounting and regulatory reports.
• Implement reinsurance arrangements in ReNova.
• Calculate reinsurance premiums and prepare reports.
• Ensure timely sharing of bordereaux with reinsurers.

Skills

Domain knowledge

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.