Job Description:

V. The Manager - Life Reinsurance Operations is responsible for overseeing end-to-end life reinsurance operations, including treaty administration, premium and claims computation, reporting, reconciliations, provisioning, stakeholder management, and operational excellence. The role ensures accurate and timely delivery of reinsurance transactions, statutory and management reporting, account settlements, and effective coordination with reinsurers and internal stakeholders.
VI. The incumbent will also be responsible for managing the ReNova reinsurance administration system, supporting current treaty implementations, performing UAT and data validation, and driving process improvements while ensuring adherence to service level agreements (SLAs).

VII. Key Responsibility Areas
Key Result Areas Activities

Reinsurance Operations
Reinsurance Treaty setup & UAT in ReNova application
Monthly Premium/Claims computation using ReNova
Reinsurance provisions and monthly computations
Lesioning with internal departments i.e. Actuaries, claims, finance, U/W and IT




Lesioning with the Reinsurers and escalation handling
Testing of current setups and review of data and positive eye on numbers
Hands-on experience with ReNova or similar reinsurance administration systems.
Experience in stakeholder management, reconciliations, UAT, and process improvement initiatives

VIII. Key Performance Indicators
Financial
• Closure reinsurance settlement as per agreed timelines with utmost accuracy.
Customer • Act as the primary liaison with reinsurers, brokers, and internal stakeholders.
• Coordinate with Actuarial, Underwriting, Claims, Finance, Operations, and IT teams to ensure seamless execution of reinsurance processes.
• Handle reinsurer queries, discrepancies, settlements, and escalations within agreed timelines.
• Ensure timely delivery of data, reports, invoices, and account balances to reinsurers.
Process Process & Quality Management
• Manage treaty setup, configuration

📌 Manager Gurugram
🏢 Canara HSBC Life Insurance
📍 Gurugram