EXL

Analyzes business data and runs outsourced operations

Manager – Reinsurance Operations and Accounting

Financial AccountingConfirmed live in the last 24 hours

Full-timeNoida, Uttar Pradesh, IndiaNo salary listedIn-person

About the Job

Requirements

A bachelor's degree in accounting or finance is required.
Seven to twelve years of experience in reinsurance operations or accounting; the posting also specifies eight to ten years of reinsurance accounting experience.
Strong expertise in the ceded and assumed reinsurance lifecycle, including contract setup, accounting, reporting, and claims handling.
Strong understanding of treaty and facultative contracts and reinsurance accounting, including premiums, claims, and reserves.
Experience in general ledger accounting, reconciliations, regulatory reporting, and compliance.
Advanced Microsoft Excel skills and experience with reinsurance systems such as Genius, URS, SAP, or Oracle.
Experience managing a team of 8–15 FTEs and interacting with clients and stakeholders.

Responsibilities

Manage end-to-end reinsurance operations, including treaty and facultative contract setup, premium, commission, and claims accounting, bordereaux and statement-of-account processing, cash settlements, and reconciliations.
Ensure timely and accurate delivery of daily, monthly, and quarterly activities.
Monitor service-level agreements and key performance indicators and ensure adherence to client commitments.
Lead and manage a team of analysts, senior analysts, and assistant managers; drive performance management, training, knowledge development, backup planning, and cross-skilling.
Provide subject-matter-expert support and resolve complex operational issues.
Ensure a strong control framework across manual journal entries and general ledger reconciliations, balance-sheet substantiation, and regulatory and financial reporting.
Drive readiness for SOX, internal, and external audits; implement and monitor process controls and documentation standards.
Interface with onshore stakeholders and clients, auditors, compliance teams, and internal training, quality, transformation, and finance functions; manage escalations and ensure timely resolution.
Oversee financial, management, and applicable regulatory reporting, including Lloyd’s, IFRS, Solvency, and NAIC reporting.
Drive dashboarding, service-level reporting, and insights for senior leadership.
Identify automation opportunities in bordereaux, reporting, and reconciliations; lead Lean, Six Sigma, and transformation initiatives; standardize processes, improve efficiency and productivity, and reduce errors.
Manage accounting for ceded premiums, commissions, unearned premium reserves, claims, reserves, and cash.
Calculate and book manual top-side journal entries.
Perform balance-sheet and intercompany reconciliations.
Prepare management, financial, and regulatory reports.

Desired Qualifications

An MBA and accounting qualifications are preferred.
Reinsurance or insurance certifications are preferred.

Position Title

Manager – Reinsurance Operations and accounting

Function

Reinsurance Finance & Accounting / Operations

Location

Noida, India

Span of Control

8–15 FTEs

1. Role Overview

The 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

B. Team Management & Leadership

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

C. Financial Control & Compliance

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

D. Stakeholder Management

Interface with:
- Onshore stakeholders / clients
- Auditors and compliance teams
- Internal functions (Training, Quality, Transformation, Finance)
Manage escalations and ensure timely resolution

E. Reporting & Analytics

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

F. Process Improvement & Transformation

Identify opportunities for:
- Automation (e.g., BDX / reporting / reconciliations)
- Process standardization and efficiency
Lead Lean / Six Sigma / transformation initiatives
Enhance productivity and reduce errors

3. Technical Skill Requirements

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)

4. Qualifications

Bachelor’s degree in accounting / finance
MBA and accounting preferred
Reinsurance / Insurance certifications preferred

5. Experience

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

6. Key Competencies

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

Bachelor Degree in accounting with insurance/reinsurance certifications preferable 8 -10 years of experience in Reinsurance Accounting

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

About the Company

EXL

Analyzes business data and runs outsourced operations

EXL analyzes business data and runs outsourced operations for insurers, healthcare payers, banks, retailers, and other large organizations. Its teams combine industry expertise with data engineering and AI to handle tasks such as claims processing, payment reviews, customer service, and finance within existing technology environments. The company also builds software, including LifePRO, which manages insurance policies, and EXLdata.ai, which connects fragmented data for use in AI systems. Clients pay for consulting projects, ongoing managed services, and software delivered through the cloud. EXL was founded in 1999 and is headquartered in New York City.

Company size: 10,001+
Company stage: IPO
Headquarters: New York City, New York
Founded: 1999

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