Lead Assistant Manager |Insurance|Reinsurance|Back Office

Job description

- Job Description: Manage end‑to‑end reinsurance and Broking 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. - Experience on Bureau systems and LPAN creation knowledge will be an added advantage. - - Responsibilities: · 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. - - Qualifications: · Graduate with at least fifteen (15) years of education in any discipline - - 6+ Years of relevant experience - Knowledge of UK and Lloyds Insurance market 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