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

• 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

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