Assistant Manager-Back Office-Finance

3 days ago


uttar pradesh, India EXL Full time

DescriptionF&A / Reinsurance-Assistant Manager ResponsibilitiesKey Responsibility Areas including preferred Skills and ExperienceHandling Life reinsurance contracts- Treaty and FAC, review of the contracts and policy cession correction Preparing bordereaux, XOL and FAC billings to be sent to brokers/ReinsurersInvoice review, Receivable/Payables reconciliation & settlementClaims handling from initial notice, billing and collections from brokers/Reinsurers.Cash booking, allocation and reconciliationsHandle market and auditor queriesManual JE prep and topside allocation for ceded premium and claimsCalculation of Ceded Net Amount of Risk and delayed claim interest, booking of claims accrualCollateral review and management Management reporting Schedule S reporting Competencies: Good communication both written, verbal, and analytical skillsGood decision-making skill Committed to achieving specific objectives and takes ownership for accomplishing them.Effectively balances quality, customer service and productivity standardsAbility to prioritize & multi-taskExhibits meticulous attention to detailGood problem solving & analytical skills Capable of working with tight deadlines and working under pressureQualificationsBachelor's degree or Post Graduate in Commerce with overall 5+ years of experience for AM.  2+ years of experience in the field of Reinsurance operations or accounting for AM Client management experienceProficiency in MS Excel (IF functions, VLOOKUP, HLOOKUP, PIVOT, INDEXMATCH) and PowerPoint Desirable-Experience in Life Reinsurance preferredKnowledge of TAI preferred.



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