Consultant - Operations-REF97649Q at WNS Global Services

Pune, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

30 Jun, 26

Salary

0.0

Posted On

01 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Reinsurance Accounting, Financial Reporting, Data Validation, Regulatory Compliance, Journal Entries, Reconciliation, Statutory Reporting, Collaboration, Actuarial Support, Underwriting Coordination, Claims Coordination, Audit Support, Schedule S Preparation, Documentation Maintenance, Risk Assessment, Premiums Management

Industry

Business Consulting and Services

Description

Company Description WNS, part of Capgemini, is an Agentic AI-powered leader in intelligent operations and transformation, serving more than 700 clients across 10 industries, including Banking and Financial Services, Healthcare, Insurance, Shipping and Logistics, and Travel and Hospitality. We bring together deep domain excellence – WNS’ core differentiator – with AI-powered platforms and analytics to help businesses innovate, scale, adapt and build resilience in a world defined by disruption. Our purpose is clear: to enable lasting business value by designing intelligent, human-led solutions that deliver sustainable outcomes and a differentiated impact. With three global headquarters across four continents, operations in 13 countries, 65 delivery centers and more than 66,000 employees, WNS combines scale, expertise and execution to create meaningful, measurable impact. Job Description Job SummaryThe Reinsurance Accounting Specialist is responsible for managing and reconciling all reinsurance-related transactions during the annual financial closing process. This role ensures compliance with regulatory requirements, accurate reporting, and timely completion of reinsurance schedules and statements. Compiling, validating, and submitting Schedule S as part of the annual statutory financial reporting process for a reinsurance company• Annual Closing Activities• Prepare reinsurance-related journal entries for year-end closing.• Reconcile reinsurance accounts, including premiums, commissions, recoverables, and payables.• Financial Reporting• Assist in preparing reinsurance disclosures for statutory financial statements.• Support actuarial and finance teams with reinsurance data for reserve calculations and risk assessments.• Preparation of Schedule S• Gather and reconcile ceded and assumed reinsurance data from internal systems.• Prepare detailed Schedule S exhibits, including Part 1 through Part 7, in accordance with NAIC statutory requirements.• Ensure proper classification of reinsurance agreements (e.g., proportional, non-proportional, affiliated vs. unaffiliated).• Data Validation & Reconciliation• Verify accuracy of reinsurance balances, premiums, losses, commissions, and recoverables, etc. Ensure all reinsurance balances agree with supporting documentation and contracts.• Reconcile Schedule S data to the general ledger and other statutory schedules (e.g., Schedule F, Schedule P).• Compliance & Regulatory Reporting• Ensure compliance with NAIC Annual Statement Instructions and state regulatory requirements.• Maintain documentation and support for all Schedule S entries for audit and regulatory review.• Collaboration• Coordinate with underwriting, claims, actuarial, and finance teams to obtain accurate data.• Communicate with external reinsurers and brokers for confirmations and clarifications.• Audit Support Qualifications Commerce Graduate or above

Responsibilities

The Reinsurance Accounting Specialist manages and reconciles all reinsurance-related transactions during the annual financial closing process. This role ensures compliance with regulatory requirements and accurate reporting of reinsurance schedules and statements.