Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 1,000,000 - 1,400,000; Full time

Job summary

A leading insurance company in Mumbai is seeking a dynamic Subject Matter Expert (SME) to manage overall reinsurance activities with integrity and efficiency. The role involves managing the ReNova system and ensuring timely preparation of reinsurance regulatory reports. Candidates should have a deep understanding of reinsurance processes, strong collaborative skills, and command over ReNova and DCS. If you are goal-oriented and proficient in these areas, this position is tailored for you.

Qualifications

• Dynamic and energetic Subject Matter Expert to support reinsurance team.
• Excellent command over ReNova/DCS.
• Understanding of insurance products and reinsurance treaties.

Responsibilities

• Manage ReNova system and reinsurance accounting.
• Prepare reinsurance regulatory reports.
• Calculate reinsurance premiums, claims, and reserves.
• Coordinate with internal departments and reinsurers.
• Follow up for invoices and account settlements.

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.