Consultant Operations-REF97649Q
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Job Location:
Monthly Salary:
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
Job SummaryThe Reinsurance Accounting Specialist is responsible for managing and reconciling all reinsurance-related transactions during the annual financial closing process. This role ensures compliance with regulatory requirements accurate reporting and timely completion of reinsurance schedules and statements. Compiling validating and submitting Schedule S as part of the annual statutory financial reporting process for a reinsurance company Annual Closing Activities Prepare reinsurance-related journal entries for year-end closing. Reconcile reinsurance accounts including premiums commissions recoverables and payables. Financial Reporting Assist in preparing reinsurance disclosures for statutory financial statements. Support actuarial and finance teams with reinsurance data for reserve calculations and risk assessments. Preparation of Schedule S Gather and reconcile ceded and assumed reinsurance data from internal systems. Prepare detailed Schedule S exhibits including Part 1 through Part 7 in accordance with NAIC statutory requirements. Ensure proper classification of reinsurance agreements (e.g. proportional non-proportional affiliated vs. unaffiliated). Data Validation & Reconciliation Verify accuracy of reinsurance balances premiums losses commissions and recoverables etc. Ensure all reinsurance balances agree with supporting documentation and contracts. Reconcile Schedule S data to the general ledger and other statutory schedules (e.g. Schedule F Schedule P). Compliance & Regulatory Reporting Ensure compliance with NAIC Annual Statement Instructions and state regulatory requirements. Maintain documentation and support for all Schedule S entries for audit and regulatory review. Collaboration Coordinate with underwriting claims actuarial and finance teams to obtain accurate data. Communicate with external reinsurers and brokers for confirmations and clarifications. Audit Support
Qualifications :
Commerce Graduate or above
Remote Work :
Yes
Employment Type :
Full-time
Key Skills
About Company
WNS (Holdings) Limited (NYSE: WNS), is a leading Business Process Management (BPM) company. We combine our deep industry knowledge with technology and analytics expertise to co-create innovative, digital-led transformational solutions with clients across 10 industries. We enable busin ... View more
