Ceded Reinsurance Accounting Manager
2 weeks ago
Vipsa Talent Solutions Private Limited is seeking an experienced Ceded Reinsurance Accounting Manager to join their team in Gurgaon. The salary for this role is approximately ₹30-40 lakhs per annum, commensurate with experience.
Job Description:In this role, you will be responsible for managing a set of accounting activities to ensure compliance with generally accepted accounting principles, corporate policies, and external audits. You will also manage the cash allocation, intercompany transactions, closing of accounts, and preparation of reports in support of the financial statements related to P& C Reinsurance.
Key Objectives and Responsibilities:- Manage all aspects of Ceded Reinsurance accounting operations, including calculations, preparation, and booking of reinsurance premiums, commissions, and losses/recoveries related journal entries into general ledger, financial reporting, and cash clearing and Intercompany settlements.
- Effectively reconcile all reinsurance activity (Premium, commission & recoveries related accounts)
- Work alongside Outward reinsurance placement & operations team to review complex reinsurance transactions from an accounting perspective.
- Provide automation recommendations and implementation to streamline manual processes.
- 13-15 years of relevant exposure in accounting, financial, and regulatory reporting.
- CA (must)
- Excellent communication skills.
- End-to-end knowledge of Insurance & Reinsurance accounting and reporting.
- Team handling experience and exposure of working with international clients.
- Flexibility to work as an individual contributor wherever required.
- Ability to multi-task in a fast-paced environment with fluctuating priorities and deadlines.
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