Assistant Manager
F&A / Reinsurance-Assistant Manager
Key Responsibility Areas including preferred Skills and Experience
- Handling Life reinsurance contracts- Treaty and FAC, review of the contracts and policy cession correction
- Preparing bordereaux, XOL and FAC billings to be sent to brokers/Reinsurers
- Invoice review, Receivable/Payables reconciliation & settlement
- Claims handling from initial notice, billing and collections from brokers/Reinsurers.
- Cash booking, allocation and reconciliations
- Handle market and auditor queries
- Manual JE prep and topside allocation for ceded premium and claims
- Calculation of Ceded Net Amount of Risk and delayed claim interest, booking of claims accrual
- Collateral review and management
- Management reporting
- Schedule S reporting
Competencies:
- Good communication both written, verbal, and analytical skills
- Good decision-making skill
- Committed to achieving specific objectives and takes ownership for accomplishing them.
- Effectively balances quality, customer service and productivity standards
- Ability to prioritize & multi-task
- Exhibits meticulous attention to detail
- Good problem solving & analytical skills
Capable of working with tight deadlines and working under pressure
- Bachelor’s degree or Post Graduate in Commerce with overall 5+ years of experience for AM.
- 2+ years of experience in the field of Reinsurance operations or accounting for AM
- Client management experience
- Proficiency in MS Excel (IF functions, VLOOKUP, HLOOKUP, PIVOT, INDEXMATCH) and PowerPoint
- Desirable-Experience in Life Reinsurance preferred
Knowledge of TAI preferred.
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