Finance Associate - Reinsurance
XL Group Ltd
Silokhera Gurgaon, HR,IN
31d ago

Finance Associate - Reinsurance(

Job Number : 13003389D20190103)


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DISCOVER your opportunity

Reinsurance TechnicalAccounting process includes accounting for reinsurance premiums, commissions,claims, reserves, deposits, reinstatements etc for various types of assumed andretro contracts.

The team also handlesthe cash disbursements and cash receipts allocation of technical entries. TheAssumed teams are responsible for handling and input of technical accountinginformation received from cedents / brokers, while the ceded team takes theinformation input by the assumed team and then generates the ceded bookingstatements that are then entered into the system and sent out to theretrocessionaires.

The person working on theteam is responsible to resolve any issues that may arise while processing theaccounts; they have the responsibility to ensure that the numbers entered intothe sub-

system are correct and are settled in a timely manner. They also need toensure that the proper backups and calculations are available for auditors asand when required.

The person required for the role should be Graduate / PostGraduate B.Com / M.Com / MBA - Finance. 1 year work experience in Reinsurance / international work environment (preferably insurance / reinsurance processes)will be preferred.

Knowledge of MS office (Word, Excel, Power point) isrequired

What will your essentialresponsibilities include?

  • Processing accountingtransactions and related cash activity for assigned brokers and cedingcompanies within a team environment
  • Analyzing the premium andloss histories of the treaty business
  • Establishing andmaintaining relationships with internal and external clients.
  • Analysis, booking andreconciliation of various reinsurance accounts, including those with adjustablefeatures such as commissions and premium adjustments
  • Handling of cash activityfor assigned clients including application, collection and accounts payable
  • Assist as necessary inthe monthly & quarterly closing process
  • Work closely with otherinternal departments on special projects as and when required
  • SHARE your talent

    We’re looking for someone who has these abilities andskills :

  • Strong analytical &problem solving skills
  • Strong communication and interpersonalskills to work effectively with onshore partners
  • Self-starter, who issolution oriented and ability to work within a team environment
  • AXA XL is an Equal Opportunity Employer.

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