Z-1811 | Associate Segment Head - Reinsurance Accounting

Industry : Insurance

Sub Department : General - Finance & Accounts

Department : Finance & Accounts

: Goregaon East

: Mumbai

: India

: 18 - 20 p.a (INR Lacs)

: 10 - 15 Year

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.

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