Deputy Manager/Assistant Manager - Mumbai, India - iimjobs

Description

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 retrocessions.
• 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
• 57 years of Experience in Reinsurance