Sr. Manager- I - FINANCE SC

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

Job summary

A leading insurance firm in Mumbai seeks a dynamic Subject Matter Expert (SME) for their reinsurance team. You will manage the ReNova system and coordinate with internal and external stakeholders, ensuring accurate and timely reporting. Ideal candidates should possess strong domain knowledge, decision-making skills, and a passion for creativity and innovation. This role involves handling reinsurance accounting, preparing regulatory reports, and driving projects within cross-functional teams. Competitive benefits and a vibrant work environment are offered.

Qualifications

• Experience in reinsurance processes.
• Strong understanding of insurance product and reinsurance treaties.
• Ability to manage multiple tasks with precision.

Responsibilities

• Manage ReNova system for reinsurance accounting.
• Prepare regulatory reports and other documentation.
• Coordinate with internal departments and reinsurers.

Skills

Domain knowledge (SME)

Customer orientation

Creativity and Innovation

Decision Making

Drive projects

Collaboration with cross-functional team

Tools

ReNova

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).