ICICI Lombard - Manager - Accounts & Finance - CA

Job Description

Maintain accounts receivables and accounts payables for all reinsurance areas, update reinsurance records management systems and master listings periodically, and submit a monthly/quarterly aging report for receivables/payables to management for evaluation of reinsurance business.

Ensure the timely and accurate booking, control, and collection of ceded balances, and inform management of progress and/or problems on a regular basis.

Ensure the payment of reinsurance premiums, clear or adjust premium booking differences, and process cash receipts on a timely basis (within the terms of the reinsurance agreements).

Settle reinsurance accounts on a monthly, bi-monthly, or quarterly basis, as necessary.

Reduce the number of suspense items on reinsurers- statements.

Trace discrepancies in the premium or loss bookings through the system, and advise various departments regarding corrective action.

Act as a liaison between reinsurers and claims team when difficulties arise regarding collection.

Handle routine problems and inquiries directly related to the reinsurance accounting function.

Follow-up with underwriters and reinsurers to resolve booking differences, and act as a resource for external reinsurers.

REQUIREMENTS

Previous experience in reinsurance field or other related discipline.

Working knowledge of accounting procedures. (i.e. Reconciliations, debits and credits, journalizing and posting).

Thorough knowledge of the insurance industry and reinsurance accounting.

CA with 4-6 years of experience

Note: CA qualification is a must