Assistant Manager- Reinsurance Accounting %26 Reporting

1 day ago

Noida, India Genpact Full time

Job Description Ready to shape the future of work At Genpact, we don't just adapt to change-we drive it. AI and digital innovation are redefining industries, and we're leading the charge. Genpact's AI Gigafactory, our industry-first accelerator, is an example of how we're scaling advanced technology solutions to help global enterprises work smarter, grow faster, and transform at scale. From large-scale models to agentic AI, our breakthrough solutions tackle companies most complex challenges. If you thrive in a fast-moving, tech-driven environment, love solving real-world problems, and want to be part of a team that's shaping the future, this is your moment. Genpact (NYSE: G) is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally. Through our deep business knowledge, operational excellence, and cutting-edge solutions - we help companies across industries get ahead and stay ahead. Powered by curiosity, courage, and innovation, our teams implement data, technology, and AI to create tomorrow, today. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook. Inviting applications for the role of Assistant Manager/Manager- Reinsurance Accounting & Reporting Responsibilities: - Technical Accounting - Manage accounting for all Local and Syndicate entities, ensuring accurate and compliant reporting of reinsurance transactions - Premiums - Process written and earned premiums, perform Acumen validation, handle premium adjustments and reconciliations in accordance with accounting policies - Losses & Reserves - Post IBNR and loss schedules (e.g., held reserves), validate movements, and support actuarial inputs for reserve accuracy - Expenses & DAC - Account for Deferred Acquisition Costs (DAC), operating, and administrative expenses with proper allocation and documentation - Financial Close Activities - Perform month-end closing, including profit commission, intercompany settlements, UK GAAP adjustments, FX proofs, and currency balance sheet reconciliations - Reporting & Analysis - Prepare lead schedules for P&L and Balance Sheet, consolidation packs for multiple affiliates, and recharge journals where applicable - Debtors & Controls - Oversee aged debtors and broker reconciliations, ensuring timely resolution, control adherence, and data accuracy across reporting cycles - Continuous Improvement & Controls - Strengthen process controls, identify automation opportunities, and drive consistency and efficiency across Reinsurance operations Minimum Qualifications: - Commerce Graduate / Postgraduate - Relevant years of experience in managing F&A RTR Reinsurance processes Experience in working with an insurance client is must Preferred Skill Set: - Thorough knowledge of Insurance / Reinsurance business - Understanding of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) - Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables) - Strong communication skills, with the ability to clearly and succinctly articulate issues to senior management - Excellent analytical skills with an attention to detail - Self-starter, with ability to work under own initiative - Strong time management skills - Integrity, with an ability to handle confidential information - - - - -

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