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Senior Manager-Reinsurance

1 month ago


Mumbai, India Ace Recruitment & Placement Consultants Pvt. Ltd. Full time

Responsibilities:

  • Ensure Regulatory as well as internal compliance with regards to facultative transactions.
  • Monitor the financial ratings of the re-insurers and keep a tab on the developments in Reinsurance market.
  • Seeking the profitability from the accounts managed.
  • Data analysis and maintenance of MIS (summary of Company surplus treaties entered into by the company) on monthly and quarterly basis.
  • Liaise with the Reinsurance markets and brokers worldwide market and negotiate on the reinsurance terms, price and best possible coverage.
  • Handling the minimum deposit payment, proportional and non-proportional payments/recoveries.
  • Coordinating with banks and processing the payment on time.
  • Follow up for settlement of payment from reinsurance team.
  • Reconciling balances of all Lines of Businesses (such as Fire, Motor, Health and Engineering insurance) with regards to premium, commission and claims.
  • Handling service tax payment and tracking the same by maintaining a service tax tracker.
  • Parking of routine payment and receipt entries in SAP.
  • Preparing outstanding paid and change in reserve claims on a monthly basis.
  • Preparing Regulatory Reports as per the IRDA Guidelines.


Candidate Profile : CA-3+ years experience or MBA Finance with 6+ years experience working into Reinsurance vertical/department.


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