Senior Executive

Position Title

Senior Executive – Reinsurance Accounting

Function

Reinsurance Finance & Accounting

Location

Noida, India

Position Type

Permanent

1. Role Overview

The Senior Executive – Reinsurance Accounting is responsible for executing reinsurance accounting activities including premium, claims, and commission processing, journal entries, and reconciliations. The role ensures accuracy, timeliness, and compliance in financial reporting while supporting audits and stakeholder requirements.

2. Key Responsibilities A. Transaction Processing & Accounting

• Process and review:
  • Reinsurance premium and claims transactions
  • Commission calculations (brokerage, profit commission, overrides)
• Perform accounting activities:
  • Journal entries (MJE)
  • Reinsurance accounting postings
• Handle cash applications and settlements

B. Reconciliation & Financial Control

• Perform GL and sub-ledger reconciliations
• Investigate and resolve discrepancies
• Ensure proper documentation and audit trail for all transactions
• Support monthly/quarterly close activities

C. Reporting & Analysis

• Prepare financial and management reports
• Support regulatory reporting (if applicable)
• Perform variance analysis and highlight key insights

D. Audit & Compliance

• Support internal and external audits
• Ensure adherence to:
  • Accounting standards (US GAAP / IFRS)
  • Internal controls and compliance requirements
• Maintain process documentation and SOP adherence