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 company in Mumbai is seeking a dynamic and energetic Subject Matter Expert (SME) to support the reinsurance team. The role involves managing overall reinsurance activities with a focus on integrity and efficiency. Key responsibilities include handling the ReNova system, preparing regulatory reports, and ensuring timely communication with reinsurers. Ideal candidates will have significant reinsurance knowledge, excellent project management skills, and a collaborative approach in cross-functional teams.

Qualifications

• Excellent command over ReNova/DCS.
• Ability to coordinate with internal and external stakeholders.
• Strong analytical skills for reinsurance processes.

Responsibilities

• Manage the ReNova system and reinsurance accounting.
• Prepare reinsurance regulatory reports.
• Implement reinsurance arrangements effectively.
• Calculate premiums, claims, and reserves.
• Share bordereaux with reinsurers on time.
• Coordinate with internal departments for claims and underwriting.

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).