Shruti Saxena

Key projects: Worked on two transition projects, both were related to insurance and reinsurance technical accounting domain. Initially these were the pilot projects. I was involved from taking knowledge transfer till provided training to multiple team members. One of the initial project is now into auto pilot stage and the another one has successfully cleared the transition phase. Team is working independently as per the expected target strategy.

• Reviewed and reconciled various files related to ceded re business during month end and quarter close.
• Reviewed large loss reports related to Facultative and validate at the time of month end close, reported out high value movement to treasury and other designated teams.
• Reviewed contracts/endorsement set up by team from signed slips and certificates provided by underwriters.
• Review payment request forms prepared by team and notify payment teams for timely payments.
• Review monthly Facultative recovery billing invoice prepared by team in order to share it with market
• Reviewed Cash amounts and approved recoverable receipt/disbursement and allocated them into system.
• Approved Cash calls prepared by team and asked them to track on timely recovery of funds as per agreed timeline.
• Prepared manual entry template and booked them into system to matched up the exceptional cash balancing amount.
• Lead aged item report, guided team to do timely follow ups with market and accordingly share the points with client in order to showcase the progress of recoveries.
• Handled inquiries from market and try to resolve them with in timeline.
• Facilitated supporting documents to market on request from available repositories as well as through adjusters.
• Shared XOL and other treaty billings, reserve notices on quarterly basis.
• Provided Reinsurance information to broker as per their request and also update contacts and other critical information shared by the Broker/Reinsures to maintain the accuracy.

• Formulated and updated customer and treaty forms, ensured accurate data integration for quarterly reporting.
• Facilitated monthly cash flow projections for ceded business, liaising with treasury team.
• Managed quarterly customer invoices, reconciliation of balances with SAP, and executed cash call billing statements for reinsurers.
• To calculate interest rates on treaty allocation tables sent quarterly statements/bordereau/renderment letters, and maintained statement of accounts
• Provided confidential Reinsurer information reports for commutation discussions
• Conducted meticulous validation of new treaties, panel additions, and exclusions in the electronic data interface
• Performed accurate allocation and settlement of daily incoming amounts, maintained open balance reports for treasury team.
• Prepared reports for commuted, insolvent cases, and conducted quarterly analysis on reporting
• Updated and monitored Key Performance Indicators (KPIs).

• Booked premium & claims for Fronting business in SICS NT system.
• Handled daily payment reconciliation, allocation, and settlement with market.
• Generated Statement of Account, Payment Orders, and reconciliation reports.
• Maintained reserves, booked claims, and gained approvals from claims handler
• Successfully interacted with auditors, promptly addressed client queries, and facilitated VC meetings
• Trained and supervised new team members, consistently achieving high-quality output
• Proactively contributed to process improvement initiatives, yielding target results.
• Collaborated effectively with onshore consultants to resolve uncleared balances of fronting premium and claims.