Key Responsibilities

End-to-End Reinsurance Operations

- Manage complete Life Reinsurance operations across individual and group business portfolios.

- Administer reinsurance treaties including setup, configuration, maintenance, and amendments.

- Perform monthly premium, claims, reserve, and provision computations using ReNova or similar reinsurance administration systems.

- Prepare and validate reinsurance settlements, account statements, and outstanding balances.

- Ensure timely processing of premium and claims accounting with high accuracy.

Treaty Administration &

- ReNova Management

- Configure and maintain treaty setups in the ReNova application.

- Support implementation of current treaties and product changes.

- Lead User Acceptance Testing (UAT) for treaty changes, system enhancements, and new business implementations.

- Validate system outputs, financial computations, and operational data before deployment.

Reporting &

- Financial Reconciliations

- Prepare monthly, quarterly, and annual reinsurance reports.

- Perform financial reconciliations between internal systems and reinsurer statements.

- Ensure accurate provisioning and reserve calculations.

- Monitor outstanding balances and drive timely account settlements.

Stakeholder &

- Reinsurer Management

- Act as the primary liaison between reinsurers, brokers, and internal business teams.

- Collaborate with Actuarial, Underwriting, Claims, Finance, Operations, and IT teams for seamless execution.

- Handle reinsurer queries, discrepancies, settlements, and escalations within agreed timelines.

- Ensure timely sharing of reports, invoices, and settlement statements with reinsurers.

Process Improvement &

- Quality Management

- Review data quality, reconciliations, and transaction accuracy.

- Identify automation and process improvement opportunities.

- Ensure adherence to operational controls, SLAs, audit requirements, and regulatory compliance.





- Support internal and external audits and close audit observations within timelines.

Required Skills

- Life Reinsurance Operations

- Treaty Administration &
- Management

- Premium &

- Claims Accounting

- ReNova Application / Reinsurance Administration Systems

- Financial Reconciliations

- Reinsurance Reporting &

- MIS

- UAT &

- System Testing

- Provisioning &

- Reserve Computation

- Data Validation &

- Quality Controls

- Stakeholder Management

- Regulatory &

- Audit Compliance

- Advanced MS Excel

Preferred Candidate Profile

- 8+ years of experience in Life Insurance / Reinsurance Operations.

- Hands-on experience in ReNova or any similar reinsurance administration platform.

- Strong understanding of treaty lifecycle, premium and claims accounting, and reinsurance settlements.

- Experience in UAT, reconciliations, reporting, and process improvement initiatives.

- Excellent analytical, numerical, communication, and stakeholder management skills.

Key Performance Indicators (KPIs)

Financial

- Timely and accurate reinsurance premium and claims settlements.

- Accurate reserve and provision computations.

- Closure of account settlements within SLA timelines.

Customer / Stakeholder

- Timely resolution of reinsurer and stakeholder queries.

- Accurate delivery of reports, invoices, and settlement statements.

- Strong stakeholder satisfaction and collaboration.

Process &

- Quality

- Accuracy of reconciliations and reporting.

- SLA adherence across reinsurance operations.

- Successful completion of UAT and treaty implementations.

- Audit compliance and operational quality standards.

- Process automation and operational efficiency improvements.

Why Join Us?

- Opportunity to work with a leading Life Insurance organization.

- Exposure to end-to-end reinsurance operations and treaty management.

- Collaborative work environment with Actuarial, Finance, Claims, Underwriting, and Technology teams.

- Career growth in Life Insurance and Reinsurance Operations.

📌 Reinsurance Operations (Gurugram)
🏢 Canara HSBC Life Insurance
📍 Gurugram