Mayank Dabral

ROLES & RESPONSIBILITIES REPORTING SETTLEMENTS

• Handling a team of 18 members.
• Quality check of the works done by team members.
• Responsible for delivering agreed SLA's with client.
• Developing new solutions for existing work flows related to existing client.
• Business Improvement through Quality projects.
• Responsible for yearly appraisals and increments for all team members.
• Responsible for monthly deck presentation

• Prepare all regulatory (Statutory and GAAP requirements) on a monthly, quarterly, and annual basis.
• Cash call reporting for the Reinsures, Broker and for internal use
• Prepare SL – GL reconciliations for Payable and recoverable accounts on quarterly basis.
• Prepare Accrual entries, Schedule F -Analytics and various reporting on a monthly, quarterly, and annual basis.
• Work with brokers/reinsures to ensure collection of outstanding cash balances are performed in a timely manner.
• Booking of Facultative Certificates issued by Reinsures/Broker into URS (Universal Reinsurance System).
• Involved in the various activities of the project like information gathering, analyzing the information gathered and documenting the functional or business requirements.
• Prepare necessary settlements files for Pro-rata Ceded & Facultative Reinsurance Agreements on monthly & quarterly basis.
• Work with financial reporting counterparts to ensure ceded activities align with direct results.
• Provide requested documentation and respond to open queries to the brokers/reinsures based on monthly and quarterly settlements.
• Prepare cash allocations based on the monthly and quarterly settlements.
• Prepare necessary wire transactions to be provided to brokers/reinsures based on the monthly and quarterly settlements.

Leading Responsibilities

• Handling a team of 12 members.
• Insurance Policy Audit of various LOB’s (Line of Business) like COMMERCIAL GENERAL LIABILITY, COMMERCIAL PROPERTY, AUTOMOBILE, WORKERS COMPENSATION & INLAND MARINE.
• Quality check of the works done by team members.
• Responsible for delivering agreed SLA’s with client.
• Developing new solutions for existing work flows related to existing client.
• Business Improvement through Quality projects.
• Responsible for yearly appraisals and increments for all team members.
• Responsible for monthly deck presentation.

• Prepare necessary settlements files for ProRata Ceded & Facultative Reinsurance Agreements on monthly & quarterly basis.
• Work with financial reporting counterparts to ensure ceded activities align with direct results.
• Provide requested documentation and respond to open queries to the brokers/reinsures based on monthly and quarterly settlements.
• Prepare cash allocations based on the monthly and quarterly settlements.
• Prepare necessary wire transactions to be provided to brokers/reinsures based on the monthly and quarterly settlements.

Issuance of Advices – Notify reinsures for any new
claims or change in the reserves for the existing
claims.
RDPS address table maintenance – Maintain reinsure
databases updated with correct details.
Manage Reinsurer Queries – To analyze reinsures
queries and get them resolved from claims team.
Prepare Manual Billings – To manually prepare
invoice or proof of losses if it is not in the system.
Prepare Chargebacks & Markoff – To prepare
Chargebacks & Markoff to clear balance in Live
Ledger.
Work with brokers/reinsurers to ensure collection of
outstanding cash balances are performed in a
timely manner.

Accounting of Premiums and claims (AP/AR).
SL-GL reconciliation
Preparing and posting of journals into SAP
Preparing remittance letter according to the states
and booking of data into RDPS.
Managing XOL business for Assumed reinsurance for
various brokers/reinsurers.