Arvind Kuhar
Reinsurance Administration - Insurance
Sonepat
Summary
Qualified Fellow in Life insurance with proven track record in leading teams and driving operational efficiency. Demonstrated ability to implement strategic initiatives that enhance productivity and foster growth. Known for utilizing strong leadership and communication skills to facilitate team collaboration and achieve organizational goals.
Overview
16
16
years of professional experience
2
2
Languages
Work History
Senior Manager - Reinsurance Admin
Axis Max Life Insurance Company Ltd.
Gurugram
04.2022 - Current
- Managing new system developments in ReNova, system integrations and special projects in Reinsurance administration.
- Managing Audits (annual & half yearly) like Statutory audit, Internal audit, Risk audit, Compliance audit etc.
- Participation with Actuarial team in new treaty guidelines finalization and sign-off with Reinsurers.
- Managing and developing SICs for Reinsurance operations to validate ReNova Input data, RI premium & claim computation.
- Managing compliance and RCSA activities with Risk team.
- Participation in multiple forums at organization level to discuss on Risk, Audit, compliance and BAU matters.
Reinsurance Manager
Canara HSBC OBC Life Insurance Company Ltd.
Gurugram
02.2020 - 04.2022
- Managing the reinsurance operations for the organization as a ceding company.
- Managing treaty setup in software, writing BRDs, system development as per new treaties, analyzing system gaps, SAR formulas, life insurance products for reinsurance business ceding.
- Monthly computation of Reinsurance premium, recovery of claims as per treaties in ReNova (i.e. Reinsurance application).
- Quarterly reinsurance business settlement with the reinsurers, Invoice processing, balance confirmation, reconciliations. Dealing with 5 foreign and 1 domestic reinsurers.
- Business risk & control management activities and RCSA testing for reviewing control effectiveness.
- Handling audits like CAAG audit, statutory audit, internal audit, IRDA audit and Reinsurers audit.
- Managing data analytics, MIS, macro development, dashboards and other ad hoc reports to the management.
- Supporting and closely working with internal and external stake holders like Reinsurers, Actuaries, Finance, Underwriting, Claims, Legal, Compliance and Risk Teams. Providing them required reinsurance information, data support and resolving their queries.
Manager in Re Insurance Treaty Administration & Technical Accounting
Genpact India Pvt Ltd.
Gurugram
04.2019 - 02.2020
- Working as SME for US and Latin America region. Handling P&C business reinsurance technical accounting for both proportional and non-proportional accounts.
- Calculation of reinsurance premium, deposit premium, reinstatement premium and adjustments, commissions, profit commissions and sliding scale commissions with respect to the treaties and reconciliation with the shared bordereaux by ceding companies.
- Accounting of the reinsurance premium, commission, brokerage, profit/sliding scale commission, RIP, Deposit premium, adjustment, claim, claim expense, outstanding claim and outstanding claim expense in the Subscribe application with in TAT.
- Working closely with the onshore partner to setup of the Reinsurance treaties in the Subscribe application.
- Handling queries from the onshore SMEs, brokers and internal stake holders. Research and resolve all the queries promptly. Communicate with the brokers and ceding companies to resolve account discrepancies, missing accounts and balance confirmations.
- Work closely with the credit control team for timely settlement of the reinsurance balances.
- Managing weekly, monthly and quarterly reporting and dashboards.
Deputy Manager in Re Insurance Treaty Administration & Business Analyst
Aviva Life Insurance India Ltd.
Gurugram
11.2013 - 04.2019
- Monthly Reinsurance Premium, Claims & expenses Provision (Individual & Group business) to Finance for early closing of accounting books.
- Reinsurance Premium Computation and claim recoverable (Individual & Group business) adhering Treaties (Rates/ aggregation of retention/Rebate/Mode etc.), Reinsurance principles & guidelines as per Company Regulations.
- Handling ReNova Application (Oracle based software) for Reinsurance premium and claim Computation, data flow, Treaty rules setup, SAR formula set up, new product setup & Bordereaux generation.
- Development of Reinsurance system with the help of IT team, writing BRD and project management to adhere with the new signed treaties and products. End to end testing of the new developments.
- Reinsurance Reports (Treaty wise Business Statics information, Reinsured Business data information, Details of O/s Recoveries, Products information, Retention, Profit commissions, Risk assessment, Selection discount etc.) to internal stakeholders & reinsurers. IRDA statutory reinsurance reporting at annually (LR1- LR13 & Statements 1-3) and quarterly frequencies (LR8, LR11& statement 1).
- Monthly/Weekly/Quarterly MIS & dashboards to management.
- Data analysis (SAR, Premium, Solvency & Trend analysis) and support in new product launch and strategy planning.
- Reinsurance accounting, Bordereaux sharing, Invoice settlement, Account Reconciliation, Balance Confirmation and internal invoice settlement process with stakeholders.
- Handling Statutory audit, Internal Audit, Risk Audit, FRCF audit, IRDA audit and Reinsurer audit.
- MIS, Business Analytics to Actuaries, Reinsurers & IRDA.
Executive in Finance Department
Danblock Brakes India Pvt Ltd. (MAT Holdings Group)
Sonipat
02.2010 - 10.2013
- Investigation accounting i.e. reporting on unreasonable consumption of any consumables, prepaid expenses, insurance, freight out & tracing reasons for the same.
- Preparation of annual budget, monthly variance reports i.e. actual Vs budget, control accounting of company’s expenses by assigning appropriate general ledger and cost Centre to irregular expenses and reviewing expenses for their correct assignment.
- Finalizing MIS reports in segment of monthly sales (basis on margin, customers, products etc.), power & fuel consumption (unit generated by diesel or purchased, per unit consumption Vs budget), direct labor cost (with manpower reports as per contractual & regular, absenteeism, efficiency, incentives, per unit labor cost) Vs budget.
- Coordinating with statutory and internal auditors by resolving their issues and participation in finalizing audit reports.
- Monthly analysis of critical General ledgers for preparing various regular reports as well any other report as & when desired by management.
- Reviewing activities of various departments i.e. HR, Logistics, purchase, scrap yard and general admin by collecting and analyzing data for preparing questionnaire for points to be reported.
- Verification and approval of staff salary, labor wages, production incentives, reimbursements and overtime.
Education
MBA Finance -
Jaipur National University
05.2016
Fellow member -
Insurance Institute of India
08.2014
Advance Course in Tally 9.0 -
ICA
11.2009
B.Com (p) - undefined
Delhi University
01.2008
Professional Education-1 - undefined
ICAI
01.2005
XII - undefined
CBSE, University Campus School MDU Rohtak
01.2003
X - undefined
CBSE, Maharishi Vidya Mandir Kurukshetra
01.2001
Skills
Strategic planning
Operations management
Cross-functional collaboration
Data analytics
Adaptability
Business administration
Idea development and brainstorming
Business planning
Business analysis and reporting
Time management abilities
Multitasking Abilities
Continuous improvement
Analytical thinking
Documentation and reporting
Cross-functional team coordination
Organizational improvement
Interests
Travelling, Travelling Religious places, Farming & Adventure activities
Accomplishments
- Topped in one of Fellowship examination in India.
- Reduce inventory of the company to a minimum level and detects many frauds while working with the production firm.
- Automated many of the MIS reports.
- Solely handled the policy admin system migration for Reinsurance successfully working with Aviva Life Insurance.
- Put efficiency and automation in the Reinsurance process by developing macros for maximum processes and reports working with Aviva Life Insurance.
- Managed process to go live in 4 months meeting all the SLA, error %age and training team members immediately after joining the Genpact.
Disclaimer
I hereby confirm that the information given above is accurate and true to the best of my knowledge. (Arvind Kuhar)
PERSONAL DETAILS
- Date of birth : 23-July-1985
- Marital status : Married
- Nationality : Indian
- Languages Known : English, Hindi
- Hobbies : Travelling, Travelling Religious places, Farming & Adventure activities
- Communication Address : S/O Sh. Satyapal Kuhar, Street No.-2, Mayur Vihar, Sonepat (Haryana)-131001
Timeline
Senior Manager - Reinsurance Admin
Axis Max Life Insurance Company Ltd.
04.2022 - Current
Reinsurance Manager
Canara HSBC OBC Life Insurance Company Ltd.
02.2020 - 04.2022
Manager in Re Insurance Treaty Administration & Technical Accounting
Genpact India Pvt Ltd.
04.2019 - 02.2020
Deputy Manager in Re Insurance Treaty Administration & Business Analyst
Aviva Life Insurance India Ltd.
11.2013 - 04.2019
Executive in Finance Department
Danblock Brakes India Pvt Ltd. (MAT Holdings Group)
02.2010 - 10.2013
B.Com (p) - undefined
Delhi University
Professional Education-1 - undefined
ICAI
XII - undefined
CBSE, University Campus School MDU Rohtak
X - undefined
CBSE, Maharishi Vidya Mandir Kurukshetra
MBA Finance -
Jaipur National University
Fellow member -
Insurance Institute of India
Advance Course in Tally 9.0 -
ICA
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