Associate Vice President - Finance & Accounts (Reinsurance)

Role: Associate Vice President - Finance & Accounts (Reinsurance)

Job location: Lower Parel, Mumbai

Role & responsibilities:

• Operational responsibility to handle Facultative both premium and claims portfolio.
• Treaty maintenance, which includes understanding of treaty/facultative agreement and re-insurance accounting.
• Ensuring timely, accurate and quality assured processing of client data on SAP systems. Capturing and validating system data to support internal requirement for closing and reserving activities.
• Monitoring of cash matching and outstanding debtor and creditor balance.
• Preparation of annual IRDAI forms and assisting in various regular reports
• Work closely with underwriting team on the premium bookings and its reinsurance payments to reinsurers.
• Regular liaison with reinsurers and brokers to facilitate timely settlements and reconcile outstanding balances.
• Responsible for monitoring quality of controls and managing processes such as Premium validation, Profit commission, sliding scale commission and generate data analytical requests.
• SAP FICO/Hana and TCS Bancs experience preferred
• Ensuring timely indirect and direct tax submission of data and reports .
• To enhance process efficiency and teams technical skills and help them achieve their objectives.