Function
Reinsurance Finance & Accounting / Operations
Location
Noida, India
Span of Control
8–15 FTEs
1. Role Overview
The Manager – Reinsurance Operations is responsible for end-to-end delivery and governance of reinsurance processes , ensuring timely, accurate, and compliant execution of treaty/facultative operations, technical accounting, and financial reporting. The role involves leading teams, driving process controls, managing stakeholder expectations, and ensuring audit readiness .
This role requires strong expertise in ceded/assumed reinsurance lifecycle including contract setup, accounting, reporting, and claims handling .
2. Key Responsibilities A. Operations & Delivery Management
- Manage end-to-end reinsurance operations including:
- Contract setup (Treaty & Facultative)
- Premium, commission, and claims accounting
- Bordereaux / SOA processing
- Cash settlements and reconciliations
- Ensure timely and accurate delivery of daily, monthly, and quarterly activities
- Monitor SLAs/KPIs and ensure adherence to client commitments
B. Team Management & Leadership
- Lead and manage a team of Analysts / Sr. Analysts / AMs
- Drive:
- Performance management
- Training and knowledge development
- Backup planning and cross-skilling
- Provide SME support and resolve complex operational issues
C. Financial Control & Compliance
- Ensure strong control framework across:
- Journal Entries (MJE) and GL reconciliations
- Balance sheet substantiation
- Regulatory and financial reporting
- Drive audit readiness (SOX / Internal / External audits)
- Implement and monitor process controls and documentation standards
D. Stakeholder Management
- Interface with:
- Onshore stakeholders / clients
- Auditors and compliance teams
- Internal functions (Training, Quality, Transformation, Finance)
- Manage escalations and ensure timely resolution
E. Reporting & Analytics
- Oversee:
- Financial and management reporting
- Regulatory reporting (e.g., Lloyd’s / IFRS / Solvency /NAIC) if applicable)
- Drive dashboarding, SLA reporting, and insights for senior leadership
F. Process Improvement & Transformation
- Identify opportunities for:
- Automation (e.g., BDX / reporting / reconciliations)
- Process standardization and efficiency
- Lead Lean / Six Sigma / transformation initiatives
- Enhance productivity and reduce errors
3. Technical Skill Requirements
- Strong understanding of:
- Ceded & Assumed Reinsurance
- Treaty & Facultative contracts
- Reinsurance accounting (premium, claims, reserves)
- Experience in:
- GL accounting, reconciliations
- Regulatory reporting and compliance
- Tools:
- MS Excel (Advanced)
- Reinsurance systems (Genius / URS / SAP / Oracle preferred)
4. Qualifications
- Bachelor’s degree in accounting / finance
- MBA and accounting preferred
- Reinsurance / Insurance certifications preferred
5. Experience
- 7–12 years of experience in Reinsurance Operations / Accounting
- Strong exposure to:
- End-to-end reinsurance lifecycle
- Team management (8–15 FTEs)
- Client/stakeholder interaction
6. Key Competencies
- Strong analytical and problem-solving skills
- Attention to detail and audit mindset
- Leadership and people management
- Effective communication and stakeholder handling
- Process improvement and automation mindset
