Job Description: Key Responsibilities Premium Accounting

- Record and reconcile ceded and assumed premiums.
- Review treaty and facultative reinsurance transactions.
- Process premium adjustments and bookings.

Claims Accounting
- Book claim reserves and claim settlements.
- Maintain reinsurance recoverable balances.
- Monitor outstanding claims and recoveries.

Reinsurance Recoverables & Settlements
- Calculate and reconcile reinsurance recoverables.
- Prepare and issue statements to reinsurers.
- Manage collections and payments with reinsurers.

Reporting
- Prepare management and regulatory reports.
- Support statutory and GAAP reporting requirements.
- Monitor aging of recoverables and cash balances.

Responsibilities: Skills Required





- Solid understanding of Insurance & Reinsurance Accounting.
- Knowledge of:
- Treaty Reinsurance
- Facultative Reinsurance
- Ceded & Assumed Business
- Premium Accounting
- Claims Accounting
- IBNR, UPR, DAC
- Reinsurance Recoverables

- Advanced Excel skills.

Qualifications: Responsible for accounting, reconciliation, reporting, and analysis of reinsurance transactions including ceded and assumed business. Ensure accuracy of premium, claims, reserves, commissions, recoverables, and settlements while supporting month-end and year-end financial close activities.

📌 Lead Assistant Manager (India)
🏢 EXL Service
📍 India