Assistant Vice President - Reinsurance Accounting

Assistant Vice President - Reinsurance Accounting - Leading MNC - Gurgaon

In this role candidate will manage accounting for all Local and Syndicate entities, ensuring accurate and compliant reporting of reinsurance transactions

Responsibilities:

- Technical Accounting - Manage accounting for all Local and Syndicate entities, ensuring accurate and compliant reporting of reinsurance transactions

- Premiums - Process written and earned premiums, perform Acumen validation, handle premium adjustments and reconciliations in accordance with accounting policies

- Losses & Reserves - Post IBNR and loss schedules (e.g., held reserves), validate movements, and support actuarial inputs for reserve accuracy

- Expenses & DAC - Account for Deferred Acquisition Costs (DAC), operating, and administrative expenses with proper allocation and documentation

- Financial Close Activities - Perform month-end closing, including profit commission, intercompany settlements, UK GAAP adjustments, FX proofs, and currency balance sheet reconciliations

- Reporting & Analysis - Prepare lead schedules for P&L and Balance Sheet, consolidation packs for multiple affiliates, and recharge journals where applicable

- Debtors & Controls - Oversee aged debtors and broker reconciliations, ensuring timely resolution, control adherence, and data accuracy across reporting cycles

- Continuous Improvement & Controls - Strengthen process controls, identify automation opportunities, and drive consistency and efficiency across Reinsurance operations

Qualifications we seek in you!

Minimum Qualifications:

- Commerce Graduate / Postgraduate

- Relevant years of experience in managing F&A RTR Reinsurance processes

- Experience in working with an insurance client is must

Preferred Qualifications/ Skills:

- Thorough knowledge of Insurance / Reinsurance business

- Understanding of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)

- Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)

- Strong communication skills, with the ability to clearly and succinctly articulate issues to senior management

- Excellent analytical skills with an attention to detail

- Self-starter, with ability to work under own initiative

- Strong time management skills

- Integrity, with an ability to handle confidential information