HDFC Life Insurance - Chief Manager - Reinsurance

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 overall reinsurance function and associated processes :

1. Managing team of 6 members

2. Understanding of insurance products, SAR and valuation process

3. Understanding of reinsurance treaties

4. Understanding of systems used for reinsurance e.g. DCS (Prophet) & ReNova

5. Calculation of reinsurance premium and SAR for ceding

6. Preparing and sharing of reinsurance bordereaux and settlements

7. Internal co-ordination with Claims, UW, New Business and Actuarial teams

8. Regulatory reporting (IRDAI)

Essential Conditions :

(ref : iimjobs.com)