Deputy Manager/Assistant Manager

3 weeks ago


Mumbai, Maharashtra, India iimjobs Full time
Deputy Manager/Asst Manager Accounts (Treaty) - Insurance

Deputy Manager/Asst Manager - Accounts (Treaty)

Purpose:
Controlling Technical Part of Treaty Reinsurance

Location:
Corporate office, Goregaon, Mumbai.

Reporting to:
Chief Manager/Senior Manager - Treaty

Span of Control ( Nos of Reportees ): Executives

Responsibilities:

  • To render all type of account keeping in view the time limit as per the agreement
  • Preparation and consolidation of Risk & Claims Registers,
  • Upload of premium registers, reconciliation of vendor accounts, verification of RI allocation
  • RI allocation of Claims paid and claims intimation registers, various treaty returns, maintaining treaty records,
To process and prepare reinsurance returns under various type of reinsurance agreement

  • Control register of cessions, Preparation of master and reference master for reinsurance, follow up of payments and receipts from reinsurers,
  • Preparation of JV's, Debit notes, Coordination with participating reinsurers for treaties and facultative placements, processing of payments to reinsures,
  • Returns to Regulator, year end entries & returns, rendering accounts to Terrorism pool, follow up for retrocessions.
  • Compliance to documented BPMS processes
  • Clarify queries raised by audit department
  • Assist in treaty renewal process
  • To handle balance sheet items in regards to reinsurance

Skills & Competencies:
Underwriting & Accounting skills with knowledge of MS Office.

Interface:
(a) Internal Underwriting, claims, accounts, audit, product and IT at corporate level

(b) External Insurers, Reinsurers & Reinsurance Intermediaries

Qualification and Experience :

  • Professional qualification in insurance / reinsurance, exposure in reinsurance market
  • Post Graduation / MBA
  • 57 years of Experience in Reinsurance


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