Z-1072 | Re-insurance Accounting

2-3 years / Insurance / Finance

Role - based :- Must to have: Comprehensive knowledge of Re-Insurance terms & and accounting impact of the same

Behavioral :- 

• Must to have: Analytical & good knowledge of subject
• Good to have: Capable to learn new things & explore new ideas

Re-Insurance function

1. To review & control over RI-Allocation (XOL premium, Facultative & XOL recovery)
2. Monitor / Control over re-insurance payment
3. Automation of manual activities & process improvement
4. Re-insurance GST / TDS compliances
5. Monthly Reconciliation over RI accounting
6. Control over RI Receivable / Payable Balances
7. Review of RI Treaty & Facultative terms and condition & to check accounting in line with same terms
8. Auditors query resolution & audit closure
9. Control over regulator reporting done by RI department