magma hdi general insurance company limited

Senior Manager- Finance RI Accounting

Mumbai
December 25, 2023
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Deadline date:

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