- The Reinsurance Technical Accounting process includes accounting for reinsurance premiums, commissions, claims, reserves, deposits, reinstatements etc
- for various types of assumed and retro contracts
- The team also handles the cash disbursements and cash receipts allocation of technical entries
- The Assumed teams are responsible for handling and input of technical accounting information received from cedants/brokers, while the ceded team takes the information input by the assumed team and then generates the ceded booking statements that are then entered into the system and sent out to the retrocession Aires
- The person working as a senior analyst is responsible for resolving any issues that may arise while processing the accounts; they have the responsibility to ensure that the numbers entered the sub-system are correct and are settled in a timely manner
- They also need to ensure that the proper backups and calculations are available for auditors as and when required
- The person required for the role should be a graduate/postgraduate with a BCom / MCom / MBA in finance
- Work experience in a Reinsurance / international work environment (preferably insurance/reinsurance processes) will be preferred
- Knowledge of MS Office (Word, Excel, PowerPoint) is required
- Processing accounting transactions and related cash activity for assigned brokers and ceding companies within a team environment
What will your essential responsibilities include
Analyzing the premium and loss histories of the treaty business.
Establishing and maintaining relationships with internal and external clients.
Analyze, book, and reconcile various reinsurance accounts, including those with adjustable features such as commissions and premium adjustments.
Handling of cash activity for assigned clients including application, collection, and accounts payable.
Assist as necessary in the monthly & quarterly closing process.
Work closely with other internal departments on special projects as and when required.
Required Skills and Abilities:
Graduate / Postgraduate with relevant years of experience within the Reinsurance industry.
Technical Accounting Experience.
Team Leading background.
Experience in MS Excel and PowerPoint is required.
Self-starter who is solution-orientated and can work within a team environment.
Resiliently develops, communicates, and oversees the execution of solutions to resolve issues persistent within the portfolio.
Desired Skills and Abilities:
Effective written and verbal communication and interpersonal skills to work effectively with internal clients and customers.
Organized with the ability to sort multiple priorities, meet tight deadlines and be detail-orientated .
Ability to use initiative in day-to-day activities to resolve issues or flag them to management for review.
