Manager – Reinsurance Administration

A global leader in reinsurance is seeking a strategic Manager – Reinsurance Administration to join its core operational function in Mumbai. In this pivotal role, you will lead the processing of large volumes of data while ensuring high adherence to standard operating procedures. Furthermore, you will provide critical financial reporting and insights to downstream stakeholders such as Finance and Valuations. Consequently, this position is vital for maintaining the accuracy of premium and claims accounting within a sophisticated global framework.

The Manager – Reinsurance Administration must lead technical process improvements and the development of tools for data quality monitoring. Additionally, you will oversee audit engagements and project-based system enhancements to drive operational efficiency. Therefore, the company is looking for a professional with at least 6 to 8 years of post-qualification experience in financial services. If you have advanced Excel skills and a proven track record in supervisory roles, this Manager – Reinsurance Administration role offers a premier platform for growth.

Key Responsibilities for the Manager – Reinsurance Administration

• Lead the end-to-end processing and accounting of premium and claims data received from client insurance companies.
• Analyze complex transactions to ensure accurate reporting and error-free month-end subledger postings.
• Conduct regular reviews of pending claims and accrued premium, including detailed ageing analysis.
• Interact directly with insurance companies to ensure timely data submission and resolve quality observations.
• Ensure that retrocession premiums and claims are correctly accounted for and validated in a timely manner.
• Develop and implement technological tools to monitor data quality and strengthen internal financial controls.
• Configure systems for new products and treaties to ensure accurate accounting and long-term sustainability.
• Liaise with IT and Business Analyst teams for system enhancements, including User Acceptance Testing (UAT).
• Lead audit engagements for the administration process and track the closure of all audit observations.
• Design and automate reporting templates to meet the specific needs of pricing, actuarial, and BD teams.

Requirements and Qualifications

• Postgraduate in Commerce (Accounting) or Mathematics, or a Degree in Engineering or CA-IPCC level.
• Minimum of 6 years (for postgraduates) or 8 years (for graduates) of experience in financial services.
• At least 2 years of experience at a supervisory level within an Operations or Finance function.
• Direct exposure to insurance and reinsurance administration operations is highly preferred.
• Advanced proficiency in Microsoft Excel, including knowledge of Macros and automated report generation.
• Basic to intermediate SQL knowledge for data extraction and reporting is considered mandatory.
• Experience managing outsourcing vendors for data entry both on-site and off-site.

Preferred Skills and Certifications

• Chartered Accountant (CA) or professional degree in Data Analytics or Engineering.
• LOMA certification (Associate or Fellow) or completed papers in Actuarial Science.
• Certification in Lean Six Sigma or other quality management frameworks.
• Technical exposure to data visualization and analytics tools such as Power BI, Alteryx, or Tableau.
• Project management expertise with the ability to handle competing demands and prioritize tasks effectively.

If you are a reinsurance professional ready to drive the Manager – Reinsurance Administration function for a global leader, we encourage you to apply today!