ANUJ SINGH
Greater Noida West
Summary
Being Reinsurance Accounting Manager, I am responsible for managing reinsurance accounting operations, closing books of accounts, ensuring compliance with statutory and regulatory requirements, and managing the financial reporting of reinsurance transactions. Collaborating with internal and external stakeholders and optimizing Captive reinsurance accounting processes to improve efficiency and accuracy. Leading a team, focusing on objective setting, coaching, and development, Management Reporting, Key Performance Management, Attrition Management, Overtime Management, and Productivity Management
Overview
13
13
years of professional experience
Work History
Manager
Accenture (formerly AIG Analytics & Services Ltd)
04.2019 - Current
- Managing the accounting and financial reporting for Captive reinsurance transactions
- Ensure accurate recording of premiums, commissions, Fronting Fee and reserves through Journal Entry (SAP-EP1) and SMME (SRM based platform)
- Managing Blackline Reconciliation for entire Reinsurance which includes monitoring, allocation and ensuring timely completion
- Managing Funds Withheld and their accounting
- Led project related to Sub-ledger balance clearance
- Monitor Captive ceded premium payments using SAP-R3P and ensure comply with Key Performance Indicator
- Work closely with Cash Application teams to ensure timely closure of open items in subledger (SAP-EP3) related to Captive business
- Identification of open items using SAP FSCD and Webi Hana and their solutions
- Reconcile reinsurance recoverable using SAP-EP3, with counterparties
- Managing Schedule F reporting and ensure compliance with regulatory guidelines
- Ensure compliance with FAS 5 provisions
- Preparing 10 K/10 Q reports to be compliant with Securities and Exchange Commission (SEC) using Workiva
- Support regulatory audits and internal controls testing
- Leading and mentoring a team of reinsurance accountants including Team Leads, providing guidance and professional development
- Collaborating and presenting Captive Cession Dashboard with Risk Management Group to discuss challenges and potential solution with cession disbursement
- Liaise with external auditors, Underwriters, and reinsurers to ensure smooth reporting and compliance
- Key Performance Management
- Overtime Management
- Governance Dashboard
- Attrition Management including hiring of new resource
- Productivity Management of team
Team Leader - Reinsurance
Cognizant Technology Solutions
06.2015 - 04.2019
- Supervised a team of 4 associates, focusing on performance management, training, and monthly close activities
- Managed client interactions, resolving team-related issues, and ensuring accuracy in performance metrics
- Ensure accurate and timely recording of reinsurance premiums, commissions, claims recoveries, and reserves using Oracle PeopleSoft ERP
- Ensure timely completion of Reconciliation using Cadency
- Validation of Treaty information using ProCede and processing Assumed Invoices using SAP-SHARP
- Calculation of Profit Commission, Sliding Scale Commission and Reinstatement Premium
- Involuntary Pool – Fair Plan calculation and booking in SAP-SHARP
Analyst
Accenture Operation
05.2012 - 06.2015
- Supported US-based Reinsurance Group, handling assumed invoice processing and system reconciliations
- Catastrophe adjustments
- SPOT processing
- System Interface reconciliations for Reinsurance Ceded Balance Payable, Reinsurance Ceded Balance Recoverable, Cash Reconciliation etc
- Journal Entry Automation for Fac business –Implemented Python & Dot Net with the help of IT, saving 240 hours annually
- Captive Cession Digitalization - Reduced corporate costs
- Spot Processing Activity - Leveraged Macros to save 100 hours annually
- RDM - Researched, tested, and implemented Reinsurance Database Management tool
Education
MBA - Finance
Punjab Technical University
01.2011
Skills
- Team Management
- Captive Reinsurance Management
- Assumed Invoice Processing
- Profit Commission
- Sliding Scale Commission
- Reinstatement Premium
- Blackline & Cadency Reconciliation
- General Ledger – PeopleSoft
- SAP-EP1
- Subledger - SAP EP3
- SAP FSCD
- SAP-SHARP
- Repository – ProCede
- CRUIS
- RDM
- Management Reporting
- Team Performance Evaluations
Certifications And Skills
- Licentiate – IC01 & IC02 cleared from Insurance Institute of India
- Team Management
- Captive Reinsurance Management
- Assumed Invoice Processing
- Profit Commission, Sliding Scale Commission, Reinstatement Premium
- Blackline & Cadency Reconciliation
- General Ledger – PeopleSoft, SAP-EP1
- Subledger - SAP EP3 (SAP FSCD), SAP-SHARP
- Repository – ProCede, CRUIS, RDM
- Management Reporting
- Team Performance Evaluations
Passport Availability
Yes
Personal Information
- Date of Birth: 01/17/85
- Marital Status: Married
Process Improvement And System Optimization
- Journal Entry Automation for Fac business –Implemented Python & Dot Net with the help of IT, saving 240 hours annually.
- Captive Cession Digitalization - Reduced corporate costs.
- Spot Processing Activity - Leveraged Macros to save 100 hours annually.
- RDM - Researched, tested, and implemented Reinsurance Database Management tool.
Timeline
Manager
Accenture (formerly AIG Analytics & Services Ltd)
04.2019 - Current
Team Leader - Reinsurance
Cognizant Technology Solutions
06.2015 - 04.2019
Analyst
Accenture Operation
05.2012 - 06.2015
MBA - Finance
Punjab Technical University
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