Key Responsibility Areas including preferred Skills and Experience
- Sound understanding of Reinsurance operation and accounting of Premium and Losses, Topside Premium, and losses Adj
- Review of cession calculations, system cessions and validations
- Review of settlements of FAC, XOL and QS Treaties
- Review of the Market reports (Bordereaux) sent to the reinsurers/brokers
- Should be able to manage a team and coach them continuously to achieve business goal
- Able to help team in resolving their queries as an when needed
- To ensure complete operations management for end-to-end processes, including Claim notice, collections, Cash applications, month end premium and loss JEs, reconciliation and reinsurance reporting
- Is required to possess deep knowledge of the all the activities, workflow, expectations of all end clients
- To ensure timely and accurate delivery of daily, monthly, and periodic processing of client requirements
- Should establish systems and processes to ensure highest quality levels of performance is achieved on a day-to day basis.
- To handle any escalation w.r.t. any operational issue.
- To ensure proper documentation of workflow of all activities related to all the clients.
- To interact with a client on day-to day basis responding to their requirements at a short notice by re-aligning priorities.
- Should be able to understand & anticipate Clients business needs, concerns & issues, and be able to proactively resolve the same.
- Constantly look for opportunities to improve the client processing and provide value addition to client by exceeding expectations.
- To create systems and checks for internal compliance policies and guidelines and ensures maintenance of clear and precise records per the requirements.
- Encourages & demonstrates respect for others in a team and inculcate the same culture across the team members
Competencies:
- Profound knowledge of P&C Reinsurance Business
- Excellent communication both written, verbal, and analytical skills
- Good decision-making skill
- Knowledge of London Market reinsurance preferred
- Committed to achieving specific objectives and takes ownership for accomplishing them.
- Effectively balances quality, customer service and productivity standards
- Ability to prioritize & multi-task
- Exhibits meticulous attention to detail
- Good problem solving & analytical skills
- Capable of working with tight deadlines and working under pressure
- Act as liaison between team members and management & bring issues/concerns to management
Eligibility Criteria:
- Manager -Bachelor's degree or Post Graduate, with overall 8-12 years of experience
- 3+ years of supervisory experience in the field of Insurance/Reinsurance accounting
- Proficiency in MS Excel and PowerPoint
- Desirable-Certification in P&C Insurance
- Preferable experience in Sequel Re system
- Must have an experience of setting up a new process
