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Lead Assistant Manager |Insurance|Back Office

EXLNoida🇮🇳India

Quick overview

SeniorityMid Senior
Work modeHybrid
LocationNoida, India
ComplianceVariance Analysis

Job description

  • Manage end‑to‑end reinsurance operations including system setup, sanctions checks, submissions, and facultative/treaty contract administration.

    Handle post‑bind activities such as cancellations, endorsements, and accurate calculation and booking of reinsurance premiums and bordereaux.

    • Calculate and record contractual obligations including profit commission, premium adjustments, and no‑claims bonuses, ensuring compliance with quarterly and annual instructions.
    • Perform variance analysis of actual results against expectations and prior periods, while maintaining regular communication with customers and internal stakeholders.
    • Lead teams through daily operations, query resolution, Lean process improvements, and structured training initiatives to enhance controls and performance.
  • · Reinsurance Setup, Sanctions & Submission clearance in the system.
  • · Facultative & Treaty Reinsurance Contract Management - Setting up & maintaining the reinsurance contract.
  • · Post bind work like Cancellation/endorsement management.
  • · Premium - Calculating and booking of reinsurance premiums and processing bordereaux in the system.
  • · Calculating & booking of contractual obligations like Profit commission, Prem adjustments, No claims bonus etc.
  • · Ensure the quarterly and yearly instructions are reviewed and incorporated.
  • · Analysis of actual results compared with expectations, as well as prior periods.
  • · Communicate with customer on day-to-day basis and internal stakeholder on regular basis
  • · Team handling skills, daily query handling, feedback management to iron out the operational challenges and driving improvements (Lean) to bring better controls.
  • · Exposure towards training methodology to drive effective training to bring desired result.
  • · Graduate with at least fifteen (15) years of education in any discipline
  • · 4+ years of experience for AM and 7+ Years of experience for LAM
  • Knowledge of UK Insurance industry preferable
  • · Experience in Open Co preferable
  • · Capability to conduct an appraisal discussion and assess different levels of performance and potential
  • · Capability to communicate with large teams
  • · Appreciation of the domain needs of the process and its key drivers
  • · Reasonable level of business perspective regarding the internal functioning of BPO and Supplier’s organization
  • · Good networking capability and client facing skills

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