HDFC Life Insurance

1 day ago


Mumbai, India HDFC Life Insurance Company Limited Full time

About the Department:Reinsurance Administration process is part of finance team, which takes care the reinsurance administrative activities including (a) Reinsurance premium and claims computation (b) Products / treaty set-up in ReNova (c) Co-ordination with reinsurer for account settlement (d) Internal/regulatory reporting and (e) Technical accounting.What are we looking for?A dynamic and energetic Subject Matter Expert (SME) to support reinsurance team in managing overall reinsurance activities with a high level of integrity, faster execution, respect for timeline and efficient interaction with internal and external stakeholders.Competencies required:- Domain knowledge (SME)- Creativity and Innovation- Faster execution- Decision Making- Drive projects- Collaboration with cross-functional teamsWhat does the job entail:Managing overall reinsurance function and associated processes:1. Managing team of 6 members2. Understanding of insurance products, SAR and valuation process3. Understanding of reinsurance treaties4. Understanding of systems used for reinsurance e.g. DCS (Prophet) & ReNova5. Calculation of reinsurance premium and SAR for ceding6. Preparing and sharing of reinsurance bordereaux and settlements7. Internal co-ordination with Claims, UW, New Business and Actuarial teams8. Regulatory reporting (IRDAI)Essential Conditions:- Education: Graduation / PG / Actuarial is preferred (part-qualification with 8-10 papers)- Work Exp: 7-10 years (Insurance / Reinsurance company)- Work related skills: Excellent command over SQL, MS Office (Excel, Access, PPT) and Good communication skills (ref:iimjobs.com)



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