Reinsurance Accounting/Controllership - Sr. Consultant 2

3 days left

Employer
Deloitte
Location
India
Posted
May 25, 2024
Closes
Jun 21, 2024
Ref
4707388700
Level
Staff, Senior
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
Position Summary

About

At Deloitte, we do not offer you just a job, but a career in the highly sought-after risk Management field. We are one of the business leaders in the risk market. We work with a vision to make the world more prosperous, trustworthy, and safe. Deloitte's clients, primarily based outside of India, are large, complex organizations that constantly evolve and innovate to build better products and services. In the process, they encounter various risks and the work we do to help them address these risks is increasingly important to their success-and to the strength of the economy and public security.

By joining us, you will get to work with diverse teams of professionals who design, manage, and implement risk-centric solutions across a variety of domains. In the process, you will gain exposure to the risk-centric challenges faced in today's world by organizations across a range of industry sectors and become subject matter experts in those areas.

Our Risk and Financial Advisory services professionals help organizations effectively navigate business risks and opportunities-from strategic, reputation, and financial risks to operational, cyber, and regulatory risks-to gain competitive advantage. We apply our experience in ongoing business operations and corporate lifecycle events to help clients become stronger and more resilient. Our market-leading teams help clients embrace complexity to accelerate performance, disrupt through innovation, and lead in their industries. We use cutting-edge technology like AI/ML techniques, analytics, and RPA to solve Deloitte's clients 'most complex issues. Working in Risk and Financial Advisory at Deloitte US-India offices has the power to redefine your ambitions.

The Team

Regulatory & Legal Support

We help organizations in their efforts to achieve regulatory and legal compliance and transform their departments to add greater value to the business. We combine highly specialized skills in discovery and data management, corporate investigations, Foreign Corrupt Practices Act, and anti-fraud with financial acumen and advanced analytics to produce transformative insights.

The regulatory landscape continues to increase in complexity across the globe. Our Regulatory & Legal Support team leverages deep knowledge of industry-specific regulations with demonstrated methodologies to design, assess, and transform the processes, controls, and infrastructure needed to mitigate risk and achieve compliance.

Our capabilities include designing the target operating model, assessing policies and procedures, testing and monitoring on a managed services and project basis, assessing risk, reporting, and communicating, as well as building the analytics and reporting structures to allow for ongoing measurement and monitoring.

We use proprietary tools, technologies and accelerators to allow clients a more proactive approach to managing risk and achieving regulatory compliance. We design comprehensive compliance programs and advise clients on how to effectively navigate a regulatory investigation or inquiry.

Work you'll do -

We are seeking a highly motivated and experienced Reinsurance Accounting/Controllership Sr.Consultant. This role will be responsible for providing expert advice and analysis on all aspects of our reinsurance program (Life/Annuity and/or P&C/Specialty), with a particular focus on accounting, financial reporting, and regulatory compliance. Must have experience working with an ERP platform and related Reinsurance Administration platforms.

Responsibilities:
  • Analyze and interpret reinsurance treaties, including coverage, terms, conditions, and limitations.
  • Prepare and maintain accurate reinsurance accounting records in accordance with GAAP and IFRS standards.
  • Ensure timely and accurate recording of reinsurance premiums, claims, recoveries, and other related transactions.
  • Perform reconciliations of reinsurance balances with cedants and reinsurers.
  • Participate in the preparation of reinsurance loss reserves and estimates.
  • Prepare and analyze various reinsurance reports, including bordereaux, cession reports, accounting schedules, and exposure reports.
  • Document existing and envision improve procedures
  • Elicit business requirements for reinsurance administrative system implementations/enhancements.
  • Work collaboratively with client stakeholders, including underwriters, claims, actuaries, finance/accounting/controllership and external auditors.
  • Stay abreast of current developments in reinsurance accounting and regulatory changes.

Qualifications:
  • Bachelor's degree in Accounting, Finance, Insurance, Actuarial or a related field.
  • Minimum of 4 years of experience in reinsurance accounting and controllership.
  • Proven experience in applying GAAP, STAT and IFRS standards to reinsurance transactions.
  • Strong understanding of reinsurance treaties, structures, and products.
  • Excellent analytical and problem-solving skills.
  • Strong attention to detail and accuracy.
  • Excellent communication and interpersonal skills.
  • Proficiency in MS Office Suite (Excel, Word, PowerPoint).
  • Experience with reinsurance accounting/administration software a plus.
  • CPA or relevant professional accounting designation a plus.

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Benefits

At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits.Learn more about what working at Deloitte can mean for you.

Our people and culture

Our diverse, equitable, and inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our client most complex challenges. This makes Deloitte one of the most rewarding places to work.Learn more about our inclusive culture.

Our purpose

Deloitte's purpose is to make an impact that matters for our clients, our people, and in our communities. We are creating trust and confidence in a more equitable society. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. We are focusing our collective efforts to advance sustainability, equity, and trust that come to life through our core commitments.Learn more about Deloitte's purpose, commitments, and impact.

Professional development

From entry-level employees to senior leaders, we believe there's always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.

Requisition code: 184331