Competencies
Robust knowledge of Reinsurance Accounting & well versed in SAP & Excel
Experience in month end closing, preferably from General Insurance Accounts / Finance team
Primary Responsibilities
Monthly reconciliation of Reinsurance Premium, Reinsurance Commission between accounting system and core system
Preparation of Balance Schedules such as RI Payable Schedule, FAC Inward Schedule, FAC outward Schedule
Coordination with RI on a regular basis for RI settlement documents such as Tax documents, GST invoices, Debit notes etc.
Preparation of GST invoices and Debit notes for FAC Inward cases
Reconciliation and Settlement of SOA between Finance records and Reinsurance team records basis various reinsurer / brokers statements.
Assisting in month end activities such as Long-Term Advance Premium accounting, outstanding claims and various other entries.
Supporting other stakeholders such as Analytical, Reinsurance & Actuarial teams with various MIS.