HDFC Life - Chief Manager - Reinsurance (7-10 yrs)

About the Department:

Reinsurance Administration process is part of finance team, which takes care the reinsurance administrative activities including (a) Reinsurance premium and claims computation (b) Products / treaty set-up in ReNova (c) Co-ordination with reinsurer for account settlement (d) Internal/regulatory reporting and (e) Technical accounting.

What are we looking for?

A dynamic and energetic Subject Matter Expert (SME) to support reinsurance team in managing overall reinsurance activities with a high level of integrity, faster execution, respect for timeline and efficient interaction with internal and external stakeholders.

Competencies required :

- Domain knowledge (SME)

- Creativity and Innovation

- Faster execution

- Decision Making

- Drive projects

- Collaboration with cross-functional teams

What does the job entail:

- Managing ReNova system, reinsurance accounting along with preparation of reinsurance regulatory reports including but not limited to the following activities:

- Managing Reinsurance function (team of 6 member)

- Understanding of various reinsurance arrangements

- Understanding of insurance product / reinsurance treaties

- Implementation of reinsurance arrangements in the ReNova system

- Calculation of reinsurance premium / claims / SAR

- Preparing reinsurance bordereaux and accounts

- Sharing bordereaux with reinsurers within timeline

- Follow up for invoices and submission for settlement of the accounts

- Internal department co-ordination with Claims/UW/Group/Actuaries etc.

- Regulatory reporting (IRDAI)

Essential Conditions:

- Education: Graduation / Post Graduation / Actuarial is preferred (part-qualification minimum 6 papers)

- Work Exp: 7-10 years (Insurance / Reinsurance company)

- Work related skills: Excellent command over ReNova is Must, Advance SQL, MS Office (Excel, Access, PPT) and Good communication skills