Consultant – Operations
WNS
full-time
Posted on:
Location Type: Remote
Location: India
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About the role
- Managing and reconciling all reinsurance-related transactions during the annual financial closing process
- Ensure 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
- Prepare reinsurance-related journal entries for year-end closing
- Reconcile reinsurance accounts, including premiums, commissions, recoverables, and payables
- Assist in preparing reinsurance disclosures for statutory financial statements
- Support actuarial and finance teams with reinsurance data for reserve calculations and risk assessments
- 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)
- Verify accuracy of reinsurance balances, premiums, losses, commissions, and recoverables
- Ensure all reinsurance balances agree with supporting documentation and contracts
- Maintain documentation and support for all Schedule S entries for audit and regulatory review
- Coordinate with underwriting, claims, actuarial, and finance teams to obtain accurate data
- Communicate with external reinsurers and brokers for confirmations and clarifications
Requirements
- Commerce Graduate or above
Benefits
- Employees can work remotely
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
reinsurance transactionsfinancial closing processSchedule S reportingjournal entriesaccount reconciliationreinsurance disclosuresreserve calculationsrisk assessmentsdata validationregulatory compliance
Soft Skills
communicationcollaborationattention to detailorganizational skills
Certifications
Commerce Graduate