Manager – Reinsurance Operations and accounting
Reinsurance Finance & Accounting / Operations
LocationNoida, India
Span of Control8–15 FTEs
1. Role OverviewThe Manager – Reinsurance Operations is responsible for end-to-end delivery and governance of reinsurance processes, ensuring timely, accurate, and compliant execution of treaty/facultative operations, technical accounting, and financial reporting. The role involves leading teams, driving process controls, managing stakeholder expectations, and ensuring audit readiness.
This role requires strong expertise in ceded/assumed reinsurance lifecycle including contract setup, accounting, reporting, and claims handling.
2. Key Responsibilities A. Operations & Delivery Management- Manage end-to-end reinsurance operations including:
- Contract setup (Treaty & Facultative)
- Premium, commission, and claims accounting
- Bordereaux / SOA processing
- Cash settlements and reconciliations
- Ensure timely and accurate delivery of daily, monthly, and quarterly activities
- Monitor SLAs/KPIs and ensure adherence to client commitments
- Lead and manage a team of Analysts / Sr. Analysts / AMs
- Drive:
- Performance management
- Training and knowledge development
- Backup planning and cross-skilling
- Provide SME support and resolve complex operational issues
- Ensure strong control framework across:
- Journal Entries (MJE) and GL reconciliations
- Balance sheet substantiation
- Regulatory and financial reporting
- Drive audit readiness (SOX / Internal / External audits)
- Implement and monitor process controls and documentation standards
- Interface with:
- Onshore stakeholders / clients
- Auditors and compliance teams
- Internal functions (Training, Quality, Transformation, Finance)
- Manage escalations and ensure timely resolution
- Oversee:
- Financial and management reporting
- Regulatory reporting (e.g., Lloyd’s / IFRS / Solvency /NAIC) if applicable)
- Drive dashboarding, SLA reporting, and insights for senior leadership
- Identify opportunities for:
- Automation (e.g., BDX / reporting / reconciliations)
- Process standardization and efficiency
- Lead Lean / Six Sigma / transformation initiatives
- Enhance productivity and reduce errors
- Strong understanding of:
- Ceded & Assumed Reinsurance
- Treaty & Facultative contracts
- Reinsurance accounting (premium, claims, reserves)
- Experience in:
- GL accounting, reconciliations
- Regulatory reporting and compliance
- Tools:
- MS Excel (Advanced)
- Reinsurance systems (Genius / URS / SAP / Oracle preferred)
- Bachelor’s degree in accounting / finance
- MBA and accounting preferred
- Reinsurance / Insurance certifications preferred
- 7–12 years of experience in Reinsurance Operations / Accounting
- Strong exposure to:
- End-to-end reinsurance lifecycle
- Team management (8–15 FTEs)
- Client/stakeholder interaction
- Strong analytical and problem-solving skills
- Attention to detail and audit mindset
- Leadership and people management
- Effective communication and stakeholder handling
- Process improvement and automation mindset
Managing accounting for Ceded Premium, commission, UEP,Claims, reserves and cash
Calculation and booking of manual top side journals
Performing Balances sheet and Intercompany reconciliations
Preparation of Management & Financial Reporting
Preparation of regulatory reporting
Bachelor Degree in accounting with insurance/reinsurance certifications preferable 8 -10 years of experience in Reinsurance Accounting
Skills Required
- Bachelor's degree in accounting or finance
- 7-12 years experience in Reinsurance Operations / Accounting
- Experience managing teams (8-15 FTEs)
- Strong understanding of ceded & assumed reinsurance, treaty & facultative contracts
- Reinsurance accounting including premium, claims, reserves, UEP, commissions
- GL accounting, journal entries and balance sheet reconciliations
- Regulatory and financial reporting (management reporting, Lloyd's/IFRS/Solvency/NAIC knowledge preferred)
- Advanced MS Excel skills
- Experience with reinsurance systems (Genius / URS) or ERP (SAP / Oracle)
- Audit readiness and strong control framework (SOX/Internal/External audits)
- MBA and accounting qualification
- Reinsurance / Insurance certifications
- Strong stakeholder management, communication and leadership skills
What We Do
Choosing a digital partner is about more than capabilities — it’s about collaboration and character. Unrealistic overhauls and off-the-shelf products ignore what matters most — your unique needs, culture, goals, and your legacy data and technology environments. At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We’re your business evolution partner—tailoring solutions that make the most of data to make better business decisions and drive more intelligence into your increasingly digital operations. Whether your goals are scaling the use of AI and digital, redesign operating models, or driving better and faster decisions, we’re here to partner with you to help you gain—and maintain—competitive advantage with efficient, sustainable models at scale. Our expertise in transformation, data science, and change management helps make your business more efficient and effective, improve customer relationships and enhance revenue growth. Instead of focusing on multi-year, resource- and time-intensive platform designs or migrations, we look deeper at your entire value chain to integrate strategies with impact. We use our specialization in analytics, digital interventions, and operations management—alongside deep industry expertise — to deliver solutions that help you outperform the competition. At EXL, it’s all about outcomes—your outcomes—and delivering success on your terms. Share your goals with us and together, we’ll optimize how you leverage data to drive your business forward. For more information, visit www.exlservice.com.
