Job Summary:

The Reinsurance Operations professional is responsible for managing and supporting all operational aspects of reinsurance transactions, including treaty and facultative business administration, premium and claims accounting, bordereaux processing, contract management, reconciliations, and stakeholder coordination. The role ensures the accurate and timely processing of reinsurance activities while maintaining compliance with internal policies, regulatory requirements, and contractual obligations.

Key Responsibilities:

- Manage treaty and facultative reinsurance contracts throughout their lifecycle.
- Review, analyze, and interpret reinsurance agreements, contractual terms, and conditions.
- Maintain accurate reinsurance records, documentation, and contract repositories.
- Ensure timely setup and maintenance of contracts within reinsurance systems.
- Process reinsurance premiums, commissions, adjustments, and settlements accurately.
- Review, process, and settle reinsurance claims and recoveries in a timely manner.
- Monitor outstanding balances and proactively follow up on pending recoveries.
- Ensure compliance with PPW (Premium Payment Warranty) requirements.
- Ensure all required documentation, including KYC, TOBA, and NDA agreements, is obtained and maintained in compliance with regulatory and internal requirements.
- Coordinate effectively with underwriters, brokers, reinsurers, finance teams, actuaries, and claims teams.
- Investigate and resolve operational discrepancies, reconciliation issues, and settlement queries.
- Support internal and external audit requirements by providing accurate documentation and information.
- Assist with regulatory reviews and ensure adherence to compliance standards.




- Update and maintain data in operational systems on a real-time basis.
- Prepare various operational reports, MIS, and management dashboards as required.
- Ensure all transactions and entries are accurately recorded and maintained in ETASS.

Competencies Required:

- Solid experience and expertise in reinsurance operations.
- Comprehensive knowledge of treaty and facultative reinsurance operations.
- Sound understanding of policy wordings, treaty structures, and coverage interpretation.
- Strong analytical, problem-solving, and decision-making skills.
- Excellent stakeholder management and negotiation abilities.
- Strong communication, interpersonal, and relationship management skills.
- High attention to detail and accuracy in documentation and record management.
- Ability to manage multiple priorities while meeting strict deadlines.
- Knowledge of claims accounting, recoveries, and reserve management processes.
- Proficiency in Microsoft Excel, PowerPoint, and reinsurance/claims management systems.
- Good understanding of insurance industry regulations, governance, and compliance requirements.

Educational Background:

- Graduate in Insurance, Commerce, Finance, Business Administration, or a related field.
- Professional qualifications such as III, AIII, FIII, CII, or equivalent insurance certifications preferred.

Experience:

- 8-10 years of experience in reinsurance operations.
- Experience in coordinating with insurers, reinsurers and broker.

Confidentiality and Ethics: Upholds high standards of confidentiality, ethics, and integrity in handling sensitive information and interactions.

Technology Proficiency: Proficient in using office productivity software (Microsoft Office, Google Workspace) and calendar management tools

📌 Reinsurance - Operations (Mumbai)
🏢 Anand Rathi
📍 Mumbai