Sr. Manager- I - FINANCE SC

ICICI Prudential Life Insurance; Mumbai; On-site; INR 500,000 - 800,000; Full time

Job summary

A leading insurance provider in Mumbai is looking for a Reinsurance Administrator to manage the ReNova system and handle reinsurance accounting. The ideal candidate will have domain knowledge, customer orientation, and experience in reinsurance processes. Responsibilities include preparing regulatory reports, calculating premiums and reserves, and ensuring timely coordination with reinsurers. This position offers a great opportunity for creativity and project-driven work in a collaborative environment.

Qualifications

• Strong understanding of various reinsurance arrangements.
• Experience with reinsurance accounting and preparation of regulatory reports.
• Ability to manage coordination between internal departments.

Responsibilities

• Manage the ReNova system and reinsurance accounting.
• Calculate reinsurance premiums, claims, and reserves.
• Prepare reinsurance bordereaux and 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 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 withpreparation of reinsurance regulatory reports including but not limited to thefollowing activities

• Understanding of various reinsurance arrangements.
• Implementation of reinsurance arrangements in the ReNova system.
• 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 with Claims/UW/Group/Actuaries etc.
• Regulatory reporting (IRDAI).
• Excellent command over ReNova/DCS.