magma hdi general insurance company limited
Senior Manager- Finance RI Accounting
Job Description
Department: Accounts and Finance
Experience in Reinsurance Accounting – 6-8 years
Education: Qualified (Preferably CA)
- Handling Reinsurance accounting and payment of Treaty and Fac and RI Inward placements.
- Handing collection accounting of Reinsurance transactions for Treaty, Fac and RI Inward.
- Monitoring of RI Cessions for premium and claim transactions
- Preparation of the Reinsurance balances ageing on monthly basis and its monitoring
- Computation of Sliding Scale commission and its accounting
- Handling XoL working and its accounting
- Handling Terrorism pool accounting and raising of GST invoices
- Preparation and monitoring of RI solvency disallowances
- Ensuring compliances and documentation for foreign RI payment transactions
- Ensuring automation of RI accounting and payments
- Ensuring 2A GST recon with RI transactions.
- Well-updated with different types of Treaties and Fac placements.
- Well-updated with RI commutation entries and its accounting treatment.
- Independent audit handling with above-mentioned role.
- Preparation of Public Disclosure forms (NL) for RI related part.
Specialized skills, competencies, qualifications and experience
- Qualified candidate with excellent academic track record throughout and with 6 years + working experience in General Insurance industry.
- Excellent Communication Skill.
- Good Analytical Skill.
- Should be excellent at MS Excel
- Pragmatic “ Can do” attitude ;
- Result oriented and focused on Goal achievement ;
- Experience of System Implementation