Perform Regulatory reporting such Schedule P, Schedule F etc
Review ceded premium and loss results from the reinsurance system
Manage review of reinsurance payments to the brokers/reinsurers
Review claims billings
Perform accounting transactions, manual journals
Perform GL Reconciliation
Technical Skills:
Good knowledge of ceded reinsurance
Sound analytical skill
MS Excel and other office tools
Have an understanding of US GAAP
Education
Bachelor’s degree or Post Graduate in Accounting, MBA (Finance)
Insurance/Reinsurance certifications preferred
Primary Internal Interactions
LAM / Manager for the purpose of reporting performance, escalation handling, clarifying concerns, seeking support and monthly evaluation of performance
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AVP for the purpose of settling issues left unresolved by the LAM /Manager
Subject Matter Expert for the purpose of handling process related issues, queries and escalated transactions
QCA for the purpose of associate performance feedback and audit in order to update the training curriculum
Primary External Interactions
Onshore teams for routine day to day tasks
Auditors for the purpose of getting Audit Requirements & supplying adequate documents
Trainers, SMEs and Operations for the purpose of developing and updating training curriculum, provide feedback on training and discussing specific action plans
Will interact extensively with onshore for US GAAP and regulatory reporting
Escalations team at client end for the purpose of seeking clarifications & answering queries
Education Requirements
Bachelor’s degree or Post Graduate in Accounting, MBA (Finance), CA
Insurance/Reinsurance certifications preferred
Work Experience Requirements
Lead Assistant Manager:-
4-5 years of experience in the field of Reinsurance operations or accounting
Overall experience of 7-10 Years
Hands on experience in working with large data
Analytical abilities
Strong MS Excel and communication skills
Assistant Manager:-
2-4 years of experience in the field of Reinsurance operations or accounting
Overall experience of 5-7 Years
Hands on experience in handling reinsurance processes
Good MS Excel and communication skills
Managing accounting for Ceded Premium, commission, UEP,Claims, reserves and cash
Calculation and booking of manual top side journals
Performing Balances sheet and Intercompany reconciliations
Preparation of Management & Financial Reporting
Preparation of regulatory reporting
Bachelor’s degree or Post Graduate in Accounting, MBA (Finance), CA
Insurance/Reinsurance certifications preferred
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