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:

- Education: Graduation / PG / Actuarial is preferred (part-qualification with 8-10 papers)

- Work Exp: 7-10 years (Insurance / Reinsurance company)

- Work related skills: Excellent command over SQL, MS Office (Excel, Access, PPT) and Good communication skills