EXL

Senior Executive

EXL  •  Noida, IN (Onsite)  •  2 hours ago
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Job Description

Position Title

Senior Executive – Reinsurance Accounting

Function

Reinsurance Finance & Accounting

Location

Noida, India

Position Type

Permanent

1. Role Overview

The Senior Executive – Reinsurance Accounting is responsible for executing reinsurance accounting activities including premium, claims, and commission processing, journal entries, and reconciliations. The role ensures accuracy, timeliness, and compliance in financial reporting while supporting audits and stakeholder requirements.

2. Key Responsibilities A. Transaction Processing & Accounting
  • Process and review:
    • Reinsurance premium and claims transactions
    • Commission calculations (brokerage, profit commission, overrides)
  • Perform accounting activities:
    • Journal entries (MJE)
    • Reinsurance accounting postings
  • Handle cash applications and settlements
B. Reconciliation & Financial Control
  • Perform GL and sub-ledger reconciliations
  • Investigate and resolve discrepancies
  • Ensure proper documentation and audit trail for all transactions
  • Support monthly/quarterly close activities
C. Reporting & Analysis
  • Prepare financial and management reports
  • Support regulatory reporting (if applicable)
  • Perform variance analysis and highlight key insights
D. Audit & Compliance
  • Support internal and external audits
  • Ensure adherence to:
    • Accounting standards (US GAAP / IFRS)
    • Internal controls and compliance requirements
  • Maintain process documentation and SOP adherence

Managing accounting for Ceded Premium, commission, UEP,Claims, reserves and cash

Calculation and booking of manual top side journals

Performing Balances sheet and Intercompany reconciliations

Preparation of Management & Financial Reporting

Preparation of regulatory reporting

Bachelor degree with 1 - 2 years of relevant experience

EXL

About EXL

Choosing a digital partner is about more than capabilities — it’s about collaboration and character.

Unrealistic overhauls and off-the-shelf products ignore what matters most — your unique needs, culture, goals, and your legacy data and technology environments.

At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We’re your business evolution partner—tailoring solutions that make the most of data to make better business decisions and drive more intelligence into your increasingly digital operations.

Whether your goals are scaling the use of AI and digital, redesign operating models, or driving better and faster decisions, we’re here to partner with you to help you gain—and maintain—competitive advantage with efficient, sustainable models at scale.

Our expertise in transformation, data science, and change management helps make your business more efficient and effective, improve customer relationships and enhance revenue growth. Instead of focusing on multi-year, resource- and time-intensive platform designs or migrations, we look deeper at your entire value chain to integrate strategies with impact.

We use our specialization in analytics, digital interventions, and operations management—alongside deep industry expertise — to deliver solutions that help you outperform the competition.

At EXL, it’s all about outcomes—your outcomes—and delivering success on your terms. Share your goals with us and together, we’ll optimize how you leverage data to drive your business forward.

For more information, visit www.exlservice.com.

Industry
Consulting & Advisory
Company Size
10,000+ employees
Headquarters
New York, NY
Year Founded
Unknown
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