Principal Accountabilities : 

Accountability : 

Supporting Actions : 

- Handling end to end reinsurance portfolio

- Liaison with reinsurer for Proportional, non-proportional treaties and facultative quotes

- Resolution of queries raised by reinsurer by coordination with other departments

- Preparation of reinsurance slips

- Preparation of Bordereau (detailed report of loses & premiums affected by reinsurance)

- Preparation of Reinsurance MIS

- Maintain documentation/data related to reinsurance treaties including facultative treaties

- Assist in internal and statutory audits related to reinsurance matters

- Assist and share data or information in manner and form related to reinsurance with internal stakeholders as approved

- Ensure FAC payments to reinsurers / receipt of premium (RI inward) within PPW date

- Coordinate with Claims department for Claims documents / details

- Ensure recoveries from Reinsurers / payments to Reinsurers as per timelines

- Allocation of FAC cases as per the premium register

- Keep a record of all outward FAC placements and inward acceptances

- Keep updated with Regulatory / compliance related requirements & ensure to align processes accordingly

- Preliminary loss notification for all claims to the reinsurer within defined timelines

- Prepare IRDAI FAC statements, public disclosure details, RI exposure statement

- Assist in the implementation of the Company's Reinsurance Program based on the Company's objectives

- Maintain a business relationship with internal as well as external stake holders including Underwriting, Finance & Actuary departments and local, regional and international reinsurance markets

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