Deputy Manager/Assistant Manager - Accounts - Treaty Insurance

Deputy Manager/Asst Manager Accounts (Treaty) - Insurance

Deputy Manager/Asst Manager - Accounts (Treaty)

Purpose: Controlling Technical Part of Treaty Reinsurance

Location: Corporate office, Goregaon, Mumbai.

Reporting to: Chief Manager/Senior Manager - Treaty

Span of Control ( Nos of Reportees ): Executives

Responsibilities:

- To render all type of account keeping in view the time limit as per the agreement

- Preparation and consolidation of Risk & Claims Registers,

- Upload of premium registers, reconciliation of vendor accounts, verification of RI allocation

- RI allocation of Claims paid and claims intimation registers, various treaty returns, maintaining treaty records,

- To process and prepare reinsurance returns under various type of reinsurance agreement

- Control register of cessions, Preparation of master and reference master for reinsurance, follow up of payments and receipts from reinsurers,

- Preparation of JV's, Debit notes, Coordination with participating reinsurers for treaties and facultative placements, processing of payments to reinsures,

- Returns to Regulator, year end entries & returns, rendering accounts to Terrorism pool, follow up for retro-cessions.

- Compliance to documented BPMS processes

- Clarify queries raised by audit department

- Assist in treaty renewal process

- To handle balance sheet items in regards to reinsurance

Skills & Competencies: Underwriting & Accounting skills with knowledge of MS Office.

Interface:

(a) Internal Underwriting, claims, accounts, audit, product and IT at corporate level

(b) External Insurers, Reinsurers & Reinsurance Intermediaries

Qualification and Experience :

- Professional qualification in insurance / reinsurance, exposure in reinsurance market

- Post Graduation / MBA

- 5-7 years of Experience in Reinsurance