Description

Position Title Manager – Reinsurance Operations and accounting

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

- Robust 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

Responsibilities

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

Qualifications

Bachelor Degree in accounting with insurance/reinsurance certifications preferable 8 -10 years of experience in Reinsurance Accounting

📌 Manager (Noida)
🏢 EXL
📍 Noida