Deputy Manager

2 weeks ago

Mumbai, Maharashtra, India HDFC ERGO Full time ₹ 9,00,000 - ₹ 12,00,000 per year

About HDFC ERGO General Insurance -

HDFC ERGO General Insurance Company Limited was promoted by erstwhile Housing Development Finance Corporation Ltd. (HDFC), India's premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. Consequent to the implementation of the Scheme of Amalgamation of HDFC with and into HDFC Bank Limited, one of India's leading private sector bank(Bank), the Company has become a subsidiary of the Bank. The Company offers complete range of general insurance products ranging from motor, health, travel, home and personal accident in the retail space and products like property, marine and liability insurance in the corporate space. With a network of branches spread across wide distribution network and a 24x7 support team, the Company has been offering seamless customer service and innovative products to its customers.

Location: Mumbai - Andheri

Experience: 3-6 years

Preferred Industry: Insurance

Function: Finance & Accounting

Role:

1)Oversee full-cycle Accounts Payable processing for coinsurance, ensuring timely and accurate settlements.

2)Reconcile partner statements and collaborate with both internal teams and external stakeholders to resolve discrepancies.

3)Maintain precise financial records related to coinsurance receivables and payables.

4)Ensure adherence to IRDAI regulatory guidelines and support internal and external audit processes.

5)ETASS premium / claim reconciliation with as leader / follower data

6)Handling monthly, quarterly closing, internal & external audits for coinsurance.

7)Monthly review of outstanding coinsurance balances, claim & premium to be booked

Ideal Candidate :

-Bachelors degree in Finance or related field (advanced degree is a plus).

  • Prior experience in the insurance sector is highly desirable (coinsurance).

  • Proficiency in Advanced Excel (formulas, pivot tables, charts, etc.).

  • Experience handling coinsurance settlement with PVT coinsurance and PSUs co-insurer .

  • Skilled in maintaining accurate records, actual receivable & payable, premium & claim to book and generating monthly MIS.

  • If you're someone who thrives in a fast-paced environment, takes ownership of their work, and values continuous improvement, we'd love to connect with you

If this sounds interesting to you or someone you know, please reach out to me

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