SREENIVAS SUNDARESHA
Bangalore
Overview
1
1
Language
1
1
Certification
24
24
years of professional experience
Work History
Reinsurance finance Associate manager
AIG Analyst Services India Private Ltd. (CRBG)/ Accenture India Pvt ltd
10.2015 - Current
- Leveraged skills in steering the entire gamut of operations related to Insurance/Reinsurance Accounting end-to-end processes for the US Life, Annuity, and Retirement Market.
- Administered daily reinsurance transactions in the US Life, Annuities, and Retirement domain, including premium processing, claims suspense monitoring, reinsurance accounting, and financial reporting.
- Prepared complex premium snapshots for management approval to facilitate payments to reinsurers.
- Reviewed daily claims to ensure compliance with treaty conditions and provided approval for sending notices to reinsurers (INOD and RFP processes).
- Monitored the daily INOD robotics process.
- Reviewed daily, weekly, and monthly close activities.
- Reviewed high- and low-dollar invoices in SAP EP1.
- Reviewed daily and monthly accrual journal entries (JEs).
- Monitored smooth User Acceptance Testing (UAT) on SAP/HANA.
- Monitored the smooth implementation of SAP/HANA.
- Led monthly India staff meetings with the onshore team.
- Conducted weekly stakeholder calls with all relevant areas.
- Conducted monthly client calls to resolve payment-related queries with Swiss Re.
- Monitored monthly KPIs (Turnaround Time & Accuracy) and reported them to stakeholders.
- Monitored the common mailbox for client escalations and responded within 24 hours.
- Monitored the completion of audit requests and oversaw coordination of responses to internal and external auditors.
- Reviewed monthly and quarterly Blackline accounts.
- Rolled out quarterly stakeholder surveys and implemented action plans to address feedback received.
- Supported continuous improvement activities.
- Facilitated the transition of new projects from onshore by conducting FTE capacity analysis.
- Identified high achievers and recognized them through reward and recognition programs.
- Updated SOPs quarterly and ensured signoff from the onshore team.
- Finalized year-end discussions with managers by calibrating employee performance at the team level.
- Conducted one-on-one meetings with assistant managers on a weekly basis and set targets accordingly.
- Met with the quality team to ensure effective implementation of all proposed automation ideas.
- Team Size: 18 (directly reporting 5 people - Assistant managers)
- Led financial analysis and reporting processes to enhance accuracy and streamline operations.
- Managed risk assessments and compliance reviews, ensuring adherence to regulatory standards.
- Developed financial models that supported strategic decision-making and optimized resource allocation.
- Collaborated with cross-functional teams to drive process improvements and increase operational efficiency.
- Spearheaded initiatives to automate financial reporting, reducing manual errors and processing time.
- Conducted variance analysis to identify trends, informing budgeting and forecasting efforts.
- Mentored junior staff in financial principles and best practices, fostering professional development.
- Implemented training programs that improved team performance and enhanced knowledge sharing.
- Created and verified invoices.
Assistant Vice President
Swiss RE Shared Services India Pvt. Ltd.
10.2004 - 10.2015
- Planned and recruited new staff and internal staff; executed plans for R&R to elevate the team’s performance to the next level.
- Examined the progress on the trainings delivered to the team by gathering feedback on the program success; ensured a transparent review of acquired talent in the company.
- Provided charge on Insurance, Reinsurance, Products, Underwriting and so on.
- Conducted third party survey for measuring employee satisfaction by analyzing the data and presenting it to the senior management initiatives towards enhancing efficiency levels.
- Key Clients (South African client): Liberty Group, Momentum, Sanlam Life, ABSA, Old Mutual Insurance, and AON Re
- Software worked on: LEIS-98, BIS, CIAL & SR Host and SICSnt
- Growth Path: Oct’04 – Aug’12 Specialist - Accounts Processing (Team Size: 4) Aug’12 – Oct’15 Assistant Vice President (Team Size: 15)
- Led cross-functional teams to enhance operational efficiency, resulting in streamlined service delivery.
- Developed and implemented strategic initiatives to improve risk management processes and compliance adherence.
- Mentored junior staff, fostering professional growth and improving team performance through knowledge sharing.
- Collaborated with stakeholders to identify opportunities for process automation, enhancing productivity and accuracy.
- Managed vendor relationships to optimize service agreements, ensuring alignment with organizational objectives.
- Facilitated data-driven decision-making by analyzing operational metrics and presenting actionable insights to leadership.
- Coordinated training programs for staff, reinforcing compliance standards and improving overall workforce competency.
- Drove continuous improvement initiatives across departments, resulting in enhanced service quality and customer satisfaction.
- Established a high-performance culture within the team by setting clear expectations and providing regular feedback on individual performance contributions.
- Collaborated closely with executive leadership to align department goals with overall company objectives, resulting in stronger organizational cohesion.
- Managed a diverse portfolio of projects, ensuring that each project met established quality standards and delivered expected results on time and within budget.
- Enhanced collaboration between team members by implementing innovative communication tools and fostering an open dialogue culture.
- Implemented data-driven decision-making processes, leading to more informed strategic choices and improved overall performance metrics.
- Led cross-functional teams to deliver successful projects on time and within budget, enhancing company reputation in the industry.
- Increased efficiency by streamlining processes and implementing new software tools for the team.
- Contributed to budget planning, and initiatives for communications, planning and coordination of facility management and space allocations.
- Attended weekly meetings and special sessions of Leadership and Executive Leadership Teams and contributed to major administrative initiatives, policies and decisions.
- Improved employee retention rates through the development of comprehensive training programs and mentorship initiatives.
Accounts Assistant
B Prashanth Hegde & Co. (Chartered Accountants)
06.2002 - 09.2003
Education
B.Com. - Accounts
APSCC
Bangalore01-2002
Skills
TAI (Main Frame)
SAP S4 Hanna
Blackline
Iron Mountain
Change Agent
Collaborator
Communicator
Planner
Thinker
Accomplishments
- Special Recognition 2017
- Star Award
- Lean Six Sigma- Green Belt from Benchmark
- Lean Six Sigma- Black Belt from Benchmark
Certification
Certified Six Sigma Black Belt Offering 20 years of experience with enriched knowledge of Accounting Process & Insurance & Re-Insurance Accounts Processing
Core Competencies
- Technical Expert
- People Management
- Stakeholder Management
- Business Acquisition
- Robotics Implementation
- Team Management & Leadership
- Back up Planning / Cross Training
Timeline
Reinsurance finance Associate manager
AIG Analyst Services India Private Ltd. (CRBG)/ Accenture India Pvt ltd
10.2015 - Current
Assistant Vice President
Swiss RE Shared Services India Pvt. Ltd.
10.2004 - 10.2015
Accounts Assistant
B Prashanth Hegde & Co. (Chartered Accountants)
06.2002 - 09.2003
B.Com. - Accounts
APSCC