New

Associate Segment Head - Reinsurance Accounting (Finance & Accounts)/ 1070 days ago

Goregaon East, Mumbai

18 To 20 INR Lacs

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Job Preference:

Reporting to National Head

Team Handling - 2 to 3 depending on level of candidate

Role is technical, so GI industry including RI broker will do.

Job Description:

• Automation of Manual closing activities & RI payments
• Monthly closure of books of accounts
• To review & control over RI-Allocation (XOL premium, Facultative & XOL recovery)
• Terrorism pool / Nuclear pool & fair NAT CAT pool settlement, accounting & tracking of balances
• Monitoring of EEFC balances
• Year-end clean of treaties & portfolio impact
• Yearly closure of XOL premium, Minimum deposit premium & premium adjustment.
• Closure of re-insurance recoveries in books of account.
• Involvement in yearly re-insurance placement
• Tracking of re-insurance performance / results
• Preparation of treaties synopsis
• Re-insurance business relationship – Treaty & Facultative (Inward / outward)
• Strengthen Re-insurance recoveries
• Monitor / Control over re-insurance payment
• Re-insurance GST / TDS compliances include year end GST input closure & TDS closure on provision basis
• Control over RI Receivable / Payable Balances
• Review of terms and condition of treaty & facultative
• Auditor queries resolution, variance analysis & balance confirmation.
• Control over regulatory reporting done by RI department
• Monitor of RI profitability
• Monitor re-insurance disallowances
• Monitor of re-insurance regulatory compliances.
• Tracking of RI-inward balances

Qualification:

Skills: