Assistant Manager

Primary Responsibility: 

 

• Prepare financial and management reporting
• Perform Regulatory reporting such Schedule P, Schedule F etc
• Review ceded premium and loss results from the reinsurance system
• Manage review of reinsurance payments to the brokers/reinsurers
• Review claims billings
• Perform accounting transactions, manual journals
• Perform GL Reconciliation
   

 

Technical Skills: 

 

• Good knowledge of ceded reinsurance 
• Sound analytical skill
• MS Excel and other office tools
• Have an understanding of US GAAP
   

 

Education

 

• Bachelor’s degree or Post Graduate in Accounting, MBA (Finance)
• Insurance/Reinsurance certifications preferred

Primary Internal Interactions    

• LAM / Manager for the purpose of reporting performance, escalation handling, clarifying concerns, seeking support and monthly evaluation of performance
• AVP for the purpose of settling issues left unresolved by the LAM /Manager
• Subject Matter Expert for the purpose of handling process related issues, queries and escalated transactions 
• QCA for the purpose of associate performance feedback and audit in order to update the training curriculum
• 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
• Will interact extensively with onshore for US GAAP and regulatory reporting
• 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), CA
• Insurance/Reinsurance certifications preferred

 

Work Experience Requirements

 

Lead Assistant Manager:- 

 

 

 

• 4-5 years of experience in the field of Reinsurance operations or accounting
• Overall experience of 7-10 Years    
• Hands on experience in working with large data
• Analytical abilities
• Strong MS Excel and communication skills
   

Assistant Manager:- 

 

 

 

• 2-4 years of experience in the field of Reinsurance operations or accounting
• Overall experience of 5-7 Years
• Hands on experience in handling reinsurance processes
• Good MS Excel and communication skills
   

Responsibilities

• Managing accounting for Ceded Premium, commission, UEP,Claims, reserves and cash
  Calculation and booking of manual top side journals
  Performing Balances sheet and Intercompany reconciliations
  Preparation of Management & Financial Reporting
  Preparation of regulatory reporting