Account Manager - Reinsurance - Insurance

Profile - Reinsurance

Location: Mumbai

Education - CA Fresher / CMA Fresher / MBA Fresher

Job Description :

Re-Insurance function

- Automation of Manual closing activities & RI payments

- Monthly closure of books of accounts

- To review & control over RI-Allocation (XOL premium, Facultative & XOL recovery)

- Terrorism pool / Nuclear pool & fair NAT CAT pool settlement, accounting & tracking of balances

- Monitoring of EEFC balances

- Year-end clean of treaties & portfolio impact

- Yearly closure of XOL premium, Minimum deposit premium & premium adjustment.

- Closure of re-insurance recoveries in books of account.

- Involvement in yearly re-insurance placement

- Tracking of re-insurance performance / results

- Preparation of treaties synopsis

- Re-insurance business relationship - Treaty & Facultative (Inward / outward)

- Strengthen Re-insurance recoveries

- Monitor / Control over re-insurance payment

- Re-insurance GST / TDS compliances include year-end GST input closure & TDS closure on provision basis

- Control over RI Receivable / Payable Balances

- Review of terms and condition of treaty & facultative

- Auditor queries resolution, variance analysis & balance confirmation.

- Control over regulatory reporting done by RI department

- Monitor of RI profitability

- Monitor re-insurance disallowances

- Monitor of re-insurance regulatory compliances.

- Tracking of RI-inward balances