AddressProfile - Reinsurance
Location: Mumbai
Education - CA Fresher / CMA Fresher / MBA Fresher
Job Description :
Re-Insurance function
- Automation of Manual closing activities & RI payments
- Monthly closure of books of accounts
- To review & control over RI-Allocation (XOL premium, Facultative & XOL recovery)
- Terrorism pool / Nuclear pool & fair NAT CAT pool settlement, accounting & tracking of balances
- Monitoring of EEFC balances
- Year-end clean of treaties & portfolio impact
- Yearly closure of XOL premium, Minimum deposit premium & premium adjustment.
- Closure of re-insurance recoveries in books of account.
- Involvement in yearly re-insurance placement
- Tracking of re-insurance performance / results
- Preparation of treaties synopsis
- Re-insurance business relationship - Treaty & Facultative (Inward / outward)
- Strengthen Re-insurance recoveries
- Monitor / Control over re-insurance payment
- Re-insurance GST / TDS compliances include year-end GST input closure & TDS closure on provision basis
- Control over RI Receivable / Payable Balances
- Review of terms and condition of treaty & facultative
- Auditor queries resolution, variance analysis & balance confirmation.
- Control over regulatory reporting done by RI department
- Monitor of RI profitability
- Monitor re-insurance disallowances
- Monitor of re-insurance regulatory compliances.
- Tracking of RI-inward balances
