Prasanna Kulkarni

Highly motivated and results-oriented Finance and Reinsurance professional with 6 years progressive experience in insurance UAT, Reinsurance Operations, financial analysis, risk management, and IRDA reporting. Seeking to leverage strong analytical skills, financial acumen, and a comprehensive understanding of insurance and Reinsurance principles to contribute effectively to a dynamic organization. Eager to apply expertise in optimizing financial performance, enhancing risk mitigation strategies, and driving operational efficiencies within the finance or reinsurance.

Deputy Manager – Reinsurance Operations - Bajaj General Insurance Limited

(2023-09)

A. Reinsurance Accounting and Settlement: B. Treaty Renewal and Workings for CAT Modelling: C. Financial Reporting and Analysis: D. Facultative Placement (terrorism): E. Internal Control, Automations and Audit:

• Managed the end-to-end accounting process for a diverse portfolio of reinsurance transactions, including both proportional and nonproportional (Excess of Loss) treaties, ensuring accuracy and adherence to treaty terms for all non-life business.
• Preparing statements and follow up for settlement for Prop and Non Prop Treaties.
• Assisted in Annual Treaty Renewal Activity by preparing treaty info packs, Conducting exposure analysis for CAT Modelling and attending reinsurer queries related to Renewal.
• Prepared various treaty performance reports and presentations to management and reinsurers.
• Maintaining records for the reinsurer to ensure due diligence has been followed.
• Contributed indirectly to the preparation of the Financial statement related to Reinsurance operations and various reconciliations along with the actuarial work for reinsurance exposure and recoveries.
• Analyzing Treaty and Line of business performances with various aspects to assist in profitability and Reinsurance operations.
• Had limited exposure for limited time for Facultative placement of the standalone terrorism policies.
• Could incorporate various internal checks to speedy and accurate operational activities.
• Exposure to Altryx software, TCS Banca assisted in Automation

Assistant Manager (Financial Control and Change Management) - Bajaj Allianz Life Insurance Company

(2022-01 - 2023-08)

• Product UAT & Testing IT development calls finance side.
• Active member of discussion and Documentation of product development.
• Assisted in Monthly closing of financial statement within deadline like various control accounts, MIS, Analysis and corrective actions of Bugs in Finance Reports.
• Assisted in monthly reporting to IRDA, preparation of reports etc.
• Assisted in Internal Audit, System Control Audit and Statutory Audit.

Finance Executive (Off role) - Bajaj Allianz Life Insurance Company

(2021-06 - 2021-12)

• UAT testing of various development calls with from finance point of view.
• Monthly Closing, GL Management and Control.
• MIS of various reports
• Exception Analysis.

Articled Assistant - Dinesh Kasture and Associates

(2015-03 - 2018-02)

• Accounting
• Assistance in statutory audit, internal audit and monthly closing.
• Exposure to indirect taxation like excise, service tax and then GST.

CA Inter - Chartered Accountancy - Institute of Chartered Accountants of India (2018-11)

CA Final - Chartered Accountancy - Institute of Chartered Accountants of India (2019-11)

Bachelor of Commerce - Commerce - Pune University (2015)

Mandatory Information Technology Training and Management Certification - Information Technology and Management - Institute of Chartered Accountants of India