Reinsurance Operations & Accounting (Manager)

Reinsurance Operations & Reinsurance Accounting - Manager

Short Description

A high-performing resource with deep Reinsurance and accounting process knowledge and demonstrated leadership capabilities, responsible for driving team performance, managing deliverables, and ensuring alignment with organizational goals, quality standards, and compliance requirements.

Position Title

Manager – Reinsurance Operations and accounting

Function

Reinsurance Finance & Accounting / Operations

Location

Noida, India

1. Role Overview

The Manager – Reinsurance Operations is responsible for  end-to-end delivery and governance of reinsurance processes , ensuring timely, accurate, and compliant execution of treaty/facultative operations, technical accounting, and financial reporting. The role involves  leading teams, driving process controls, managing stakeholder expectations, and ensuring audit readiness .

This role requires strong expertise in  ceded/assumed reinsurance lifecycle including contract setup, accounting, reporting, and claims handling . 

2. Key Responsibilities   A. Operations & Delivery Management

• Manage  end-to-end reinsurance operations  including:
  • Contract setup (Treaty & Facultative)
  • Premium, commission, and claims accounting
  • Bordereaux / SOA processing
  • Cash settlements and reconciliations
• Ensure  timely and accurate delivery  of daily, monthly, and quarterly activities 
• Monitor SLAs/KPIs and ensure adherence to client commitments

B. Team Management & Leadership

• Lead and manage a team of  Analysts / Sr. Analysts / AMs
• Drive:
  • Performance management
  • Training and knowledge development
  • Backup planning and cross-skilling
• Provide SME support and resolve complex operational issues

C. Financial Control & Compliance

• Ensure strong control framework across:
  • Journal Entries (MJE) and GL reconciliations
  • Balance sheet substantiation
  • Regulatory and financial reporting
• Drive  audit readiness (SOX / Internal / External audits)
• Implement and monitor process controls and documentation standards

D. Stakeholder Management

• Interface with:
  • Onshore stakeholders / clients
  • Auditors and compliance teams
  • Internal functions (Training, Quality, Transformation, Finance)
• Manage escalations and ensure timely resolution

E. Reporting & Analytics

• Oversee:
  • Financial and management reporting
  • Regulatory reporting (e.g., Lloyd’s / IFRS / Solvency /NAIC) if applicable) 
• Drive dashboarding, SLA reporting, and insights for senior leadership

F. Process Improvement & Transformation

• Identify opportunities for:
  • Automation (e.g., BDX / reporting / reconciliations)
  • Process standardization and efficiency
• Lead Lean / Six Sigma / transformation initiatives
• Enhance productivity and reduce errors

3. Technical Skill Requirements

• Strong understanding of:
  • Ceded & Assumed Reinsurance
  • Treaty & Facultative contracts 
  • Reinsurance accounting (premium, claims, reserves)
• Experience in:
  • GL accounting, reconciliations
  • Regulatory reporting and compliance
• Tools:
  • MS Excel (Advanced)
  • Reinsurance systems (Genius / URS / SAP / Oracle preferred)

4. Qualifications

• Bachelor’s degree in accounting / finance
• MBA and accounting preferred
• Reinsurance / Insurance certifications preferred

5. Experience

• 7–12 years of experience in  Reinsurance Operations / Accounting
• Strong exposure to:
  • End-to-end reinsurance lifecycle
  • Team management (8–15 FTEs)
  • Client/stakeholder interaction