About this role
Position Title Senior Executive – Reinsurance Accounting Function Reinsurance Finance & Accounting Location Noida, India Position Type Permanent 1. Role Overview The Senior Executive – Reinsurance Accounting is responsible for executing reinsurance accounting activities including premium, claims, and commission processing, journal entries, and reconciliations. The role ensures accuracy, timeliness, and compliance in financial reporting while supporting audits and stakeholder requirements. 2. Key Responsibilities A. Transaction Processing & Accounting • Process and review: • Reinsurance premium and claims transactions • Commission calculations (brokerage, profit commission, overrides)
• Perform accounting activities: • Journal entries (MJE) • Reinsurance accounting postings
• Handle cash applications and settlements B. Reconciliation & Financial Control • Perform GL and sub-ledger reconciliations • Investigate and resolve discrepancies • Ensure proper documentation and audit trail for all transactions • Support monthly/quarterly close activities C. Reporting & Analysis • Prepare financial and management reports • Support regulatory reporting (if applicable) • Perform variance analysis and highlight key insights D. Audit & Compliance • Support internal and external audits • Ensure adherence to: • Accounting standards (US GAAP / IFRS) • Internal controls and compliance requirements
• Maintain process documentation and SOP adherence
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 with 1 - 2 years of relevant experience