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Deputy Manager (Finance & Accounts)/ 1095 days ago

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Job Description:

Re-Insurance function

1. Automation of Manual closing activities & RI payments
2. Monthly closure of books of accounts
3. To review & control over RI-Allocation (XOL premium, Facultative & XOL recovery)
4. Terrorism pool / Nuclear pool & fair NAT CAT pool settlement, accounting & tracking of balances
5. Monitoring of EEFC balances
6. Year-end clean of treaties & portfolio impact
7. Yearly closure of XOL premium, Minimum deposit premium & premium adjustment.
8. Closure of re-insurance recoveries in books of account.
9. Involvement in yearly re-insurance placement
10. Tracking of re-insurance performance / results
11. Preparation of treaties synopsis
12. Re-insurance business relationship – Treaty & Facultative (Inward / outward)
13. Strengthen Re-insurance recoveries
14. Monitor / Control over re-insurance payment
15. Re-insurance GST / TDS compliances include year-end GST input closure & TDS closure on provision basis
16. Control over RI Receivable / Payable Balances
17. Review of terms and condition of treaty & facultative
18. Auditor queries resolution, variance analysis & balance confirmation.
19. Control over regulatory reporting done by RI department
20. Monitor of RI profitability
21. Monitor re-insurance disallowances
22. Monitor of re-insurance regulatory compliances.
23. Tracking of RI-inward balances