28 Aug
|
Canara HSBC Life Insurance
|
Gurugram
28 Aug
Canara HSBC Life Insurance
Gurugram
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 recent 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 t
📌 Reinsurance Operations Gurugram
🏢 Canara HSBC Life Insurance
📍 Gurugram