AVP Reinsurance Accounting and Reporting
3 weeks ago
AVP Reinsurance Accounting and Reporting
About the RoleWe are seeking an experienced professional to join our team as AVP Reinsurance Accounting and Reporting. This is an exciting opportunity for someone with expertise in accounting and reporting in the ceded reinsurance domain.
The successful candidate will be responsible for managing a set of accounting activities to ensure compliance with generally accepted accounting principles, corporate policies, and external audits. They will also manage cash allocation, intercompany transactions, closing of accounts, and preparation of reports in support of financial statements related to P& C Reinsurance.
Responsibilities- Manage all aspects of ceded reinsurance accounting operations, including calculations/preparation/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 & implementation to streamline manual processes.
- Developing and maintaining relationships with existing clients.
- Managing the transition process of new clients.
- Coordinating/working with business development team on business expansion projects.
- Participating in prospective client calls.
We are looking for someone with excellent communication skills, end-to-end knowledge of insurance & reinsurance accounting and reporting, and experience in working with international clients. A strong understanding of reinsurance treaties, how they work, and how computations are done is essential.
A CA qualification is mandatory, and 13-15 years of relevant exposure in accounting, financial, and regulatory reporting is required. Advance excel knowledge with hands-on Power BI, Power Query, Alteryx, MS Access, etc., is an added advantage.
What We OfferWe offer a competitive salary of ₹30,00,000 - ₹40,00,000 per annum, depending on experience, along with other benefits like health insurance, retirement plan, and paid time off.
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