Assistant Manager -PSU Coinsurance Reconciliation

Job Profile: PSU coinsurance reconciliation

• Preparation and exchange of leader statement with coinsurer.
• Reconciliation of balances in statement and arrange for Premium & Claim documents.
• Sharing of details and documents with internal marketing/ops/claim and u/w team for booking of premium and claims.
• Follow-up for balance confirmation and remittance of receivable/payable balances with coinsurer.
• Analysis of earlier outstanding items to be incorporated into the settlement statement for final confirmation by the coinsurer.
• Resolve queries raised by our marketing/ops/claims and u/w team.
• Passing of accounting entries and allocations with subsequent booking of premium/claims/commission.
• Reconciliation and Updation of payment details in ETASS.
• Confirmation of 64VB to HO and BAGIC Marketing Team.
• Review of monthly ageing for all coinsurance balances outstanding and minimize ageing for reduction of solvency disallowance.
• Clearance of outstanding balances -Reduction in old & current accumulation of balances.
• Preparation of MIS with ageing with reasons for discussion with seniors.
• Preparation of various necessary data for Audit purpose as and when required.