Summary
Overview
Work History
Education
Skills
Certification
Work Availability
Software
Timeline

Abhinav Mangla

Insurance/Reinsurance
Gurgaon,India

Summary

Experienced Professional with over 12 years of experience in Insurance & Reinsurance Industry.

Excellent reputation for resolving problems and improving customer satisfaction.

Overview

4
4
Certifications
5
5
years of post-secondary education
12
12
years of professional experience

Work History

Deputy Manager (Ceded Reinsurance)

AXA XL (XL India Business Services Private Limited)
Gurgaon, India
12.2013 - Current
  • Managing & Mentoring team and their performance appraisals.
  • Exposure in various Onshore & Offshore Process Transitions & detailed diagnosis of Insurance & Reinsurance businesses, mapping client’s requirements, process & knowledge transfer.
  • Subject matter expert (SME) of Department on process related matters for various Lines of Business including Aviation, Specie, FineArt, BI, Marine, Property & Casualty, Cat Covers, Terrorism.
  • Technical Operations- Providing Policy Management Support like reviewing Reinsurance contracts, setting up of Reinsurance Policies like Treaty Excess of Loss, Quota Share & Facultative policies in various source systems
  • Experience on Reinsurance Claims and analyzing & commenting on Large loss reports. Calculating reinsurance recovery followed by posting in source systems and preparation of reinsurance Initial Loss Notifications, collections / advices notes on quota share, facultative and excess of loss contracts.
  • Collaborating with internal departments like underwriting, claims, actuaries etc. and reserves validation including complex risks involving multiple systems/periods.
  • Technical Accounting- Reconciliation of Cash receivable & payable, Monitoring receivables management, Billing & Issuance.
  • Integral part of Quality Check Team. Ensuring quality controls and setting parameters for quality assurances. Maintained FIC controls and process manuals and raised any anomalies or required changes to procedures immediately.
  • Communicating and following up with internal departments and claim handlers for any queries from brokers & reinsurers.
  • Provide relevant process reports on timely basis to Senior Management along with ensuring accuracy of the reports.
  • Conference calls with colleagues in other Country locations (UK & France) on a regular basis for sharing process updates.
  • Knowledge & experience of Lloyd's of London and London market

Significant Highlights across the Tenure

  • Identified as the Process Mentor & Trainer - Responsible for learning all new processes migrated to India and responsible for training team members on the same.
  • Awarded “You Have Earned It!” and various other awards at company level for delivering quality performance.
  • Certified as Quality Champion and other awards like 'Kaizen' Award at company level.
  • Visited London for Transition of new Processes on various occasions.

Senior Process Specialist (Credit Control)

XL India Business Services Private Limited
Gurgaon, India
12.2008 - 02.2013
  • Reconciling & Processing statements for different Brokers, Co-insurers and Re-insurers using ERP Software (Genius).
  • Allocating cash received for the respective country.
  • Ensuring daily processing of transactions as per defined procedures.
  • Mentoring Team Members for different processes and responsible for smooth functioning of work & high quality deliverables.
  • Overview of process and guiding team members on various deliverables.
  • Providing relevant process reports on timely basis, ensuring accuracy of reports.
  • Maintaining track of process updates and ensure proper documentation.
  • Acquiring process knowledge and functioning as a domain knowledge expert.

Significant Highlights across the Tenure

  • Designated by Management; Successfully Transitioned Work from Italy to India within a period of 6 Weeks.
  • Always maintained high repute with onshore counterparts & received time-to-time appreciation for continuous high quality performance.
  • Considering process requirement, Worked & Assisted on Projects such as Backlog Clearance for the country process in addition to designated country project.
  • Consistently maintained 100% SLA in terms of TAT & Accuracy.
  • Sharing best practices, enhancing productivity & efficiency with changing requirements.

Education

MBA - Finance

Centre For Management Development, India
06.2006 - 05.2008

Bachelor of Commerce

Delhi University, India
06.2001 - 05.2004

Skills

Multi-Tasking Competency

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Certification

Cert CII - General Insurance

Work Availability

monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Software

Working expertise on Insurance Applications/Systems like GENIUS, SUBSCRIBE, FRAME, PROCEDE, CITRIX etc

Well versed with MS-Office 2007 & 2010

Timeline

Pursuing Associate in ReinsurancE (ARe) - AICPCU

06-2021

Licentiate - Insurance Institute of India

03-2020

Cert CII - General Insurance

10-2019

AINS 21 - AICPCU

12-2015
Deputy Manager (Ceded Reinsurance) - AXA XL (XL India Business Services Private Limited)
12.2013 - Current
Senior Process Specialist (Credit Control) - XL India Business Services Private Limited
12.2008 - 02.2013
Centre For Management Development - MBA, Finance
06.2006 - 05.2008
Delhi University - , Bachelor of Commerce
06.2001 - 05.2004
Abhinav ManglaInsurance/Reinsurance