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Primary Responsibility:
- Complete Operation Management for Reinsurance processes
- Timely and accurate delivery of daily, monthly and periodic processing of client requirements
- Supports the team as a Reinsurance SME in day to day operations
- Driving quality initiatives and transformation ideas
- Drive and Measure robust process controls in the process
- Lead a team of 8 – 15 Analyst / Sr Analyst
- Manage level 2 escalations
- SLA / Dashboard reporting
Technical Skills:
- Strong knowledge of ceded reinsurance
- Excellent analytical skill
- MS Excel and other office tools
- Knowledge of Genius / URS preferred
Primary Internal Interactions
- Team members for day to day operations support, queries, knowledge support
- Sr/Manager/Sr. AVP for the purpose of reporting performance, escalation handling, clarifying concerns, seeking support and monthly evaluation of performance
- PE team for any data requirements for process performance
- Internal stakeholders like, compliance, training teams, HR, transformation team
- Internal auditors for process audits
Primary External Interactions
- Onshore teams for routine day to day tasks
- Auditors for the purpose of getting Audit Requirements & supplying adequate documents
- Trainers, SMEs and Operations for the purpose of developing and updating training curriculum, provide feedback on training and discussing specific action plans
- Escalations team at client end for the purpose of seeking clarifications & answering queries
Education Requirements
- Bachelor’s degree or Post Graduate in Accounting/ MBA (Finance)
- Insurance/Reinsurance certifications preferred
Work Experience Requirements
Primary Responsibility:
- Complete Operation Management for Reinsurance processes
- Timely and accurate delivery of daily, monthly and periodic processing of client requirements
- Supports the team as a Reinsurance SME in day to day operations
- Driving quality initiatives and transformation ideas
- Drive and Measure robust process controls in the process
- Lead a team of 8 – 15 Analyst / Sr Analyst
- Manage level 2 escalations
- SLA / Dashboard reporting
Technical Skills:
- Strong knowledge of ceded reinsurance
- Excellent analytical skill
- MS Excel and other office tools
- Knowledge of Genius / URS preferred
Primary Internal Interactions
- Team members for day to day operations support, queries, knowledge support
- Sr/Manager/Sr. AVP for the purpose of reporting performance, escalation handling, clarifying concerns, seeking support and monthly evaluation of performance
- PE team for any data requirements for process performance
- Internal stakeholders like, compliance, training teams, HR, transformation team
- Internal auditors for process audits
Primary External Interactions
- Onshore teams for routine day to day tasks
- Auditors for the purpose of getting Audit Requirements & supplying adequate documents
- Trainers, SMEs and Operations for the purpose of developing and updating training curriculum, provide feedback on training and discussing specific action plans
- Escalations team at client end for the purpose of seeking clarifications & answering queries
Education Requirements
- Bachelor’s degree or Postgraduate in Accounting/ MBA (Finance)
- Insurance/Reinsurance certifications preferred
Responsibilities
Managing ceded reinsurance operations task from Setting up treaty and FAC contracts in RI system, premium & claims, calculation of Profit/Sliding Scale Commissions, Reinstatement premium, Premium adjustments, Premium and claims cession management, bordereaux, billings & collections, treaty and FAC payments and cash application and RI accounting
Qualifications
Bachelor degree 4-6 years of experience in Reinsurance Operations