The FP&A team is responsible for providing reports to various stakeholders - Insurance Leadership Team (for reports like Business Performance Metrics, impact of treaty placements on Combined Ratio of Insurance Segment), Ceded Re Placement team (for Budgeting, placement support etc.) Finance (for accruals, bad debts provision on reinsurance recoverable, CDCA etc.), Assist in planning and re-forecasting exercise, providing data analytics support for treaty reinsurance purchase decision (as and when required).
• Financial reports to wide range of teams - Insurance Leadership team, various team in Finance, Operations. It also provides reporting support to other areas with in Ceded Re as and when required.
• Analysis of Ceded Performance against plan, impact of treaty placements on Combined Ratio (Insurance Segment)
• Exposure analysis with reference to recoverable from major counterparts.
• Support for regulatory reporting requirements.
What will your essential responsibilities include?
• Work and assist the Ceded Re FP&A Manager in preparing and providing various financial analytics and reporting with focus on quality review, timely delivery of reports, collaboration with other teams and onshore.
• Prepare quarterly reports ceded financial dashboards. (Ceded Premium, Commission, Expenses, credit and capital exposure, etc.)
• Treaty Placement analysis which results in the changes expected in written & earned premiums.
• Exposure analysis with reference to recoverable from major counterparts.
• Support in regulatory reporting requirements.
• Development and maintenance of existing excel spreadsheets to improve existing/new reports
• Support in Yearly Budgeting, Ceded Margin Analysis, Plan Allocation & other exhibits.
• Maintaining strong communication with onshore (both written and verbal) and managing expectations.
• Keeping the flexibility in reports to incorporate any high level adjustments or structural changes as requested from onshore.
• Support and involve in various Ceded Re projects
• Ad hoc reports or projects.
• Will support in Reinsurance Segment reporting & Analysis.
