Tauheed Ahmad

Experience

• 

  AIG

  May 2014 - Jan 2021

  REINSURANCE FINANCE REPORTING>FAS113 Quarterly GL Entry for All Ceded Reserves on Consolidation Basis for both Domestic & International under US GAAP and IFRS Accounting into SAP Ledger.>Reconciling & Validating CIRPI(Oracle DB) Data at Reinsurer level reported by All 80 Countries Local Offices for Assumed & Ceded Business on Quarterly basis.>Follow-up and tracking of Ceded Reserves, Paid Loss, Premuims’s issues/queries from each International & Domestics offices Controllers on Calls/Email to get accurate data for Risk Management reporting.>Prepare Enterprise Risk Management Report & Top 10 Reinsurer details along with Analytics of all ceded reserves for US GAAP reporting purpose.>Black Line Reconciliation from GL to SL.>Train New Staff, plan training schedule for key staff development.>Brain Storming sessions with Team in Lean Periods to enhance the process & Business Knowledge. Show less REINSURANCE FINANCE(XOL) :->Remote Transition through WebEx of Annual Cash Budgeting with New York Onshore Partener on Excess of Loss Treaties for Management Reporting.>Remote Transition through WebEx of Monthly Cash Forcast worksheet for intercompany & external settlements/payments.>Taking care of Domestic & International Payments for Brokers of reinsurance business with Computron & SAP R3P Systems.>Receipt & Disbursement Allocation at Reinsurers level as per Treaty Shares.>Preparing and posting US GAAP & STAT GL Entries for premiums & Losses in SAP EP1 system.>Schedule F adjustment on Ceded Business Transactions for STAT Reporting to NAIC Regulators.>Remote Transition through WebEx of STAT Analytics on Treaty & Fac related to the loss booking at insured level.>Reconciliation of Mark offs, Bad Debts, Chargeback & Commutes items for XOL A/P & A/R Sub-Ledger.>Variance Analysis for STAT related to the loss booking at insured level.>UAT Testing on RDPS NMJE & Schedule F.>Review of Team work before final submission. Show less REINSURANCE FIN OPS:->Reconciliation of mark offs, Bad settlement, Chargeback & Commutes item for XOL A/P & A/R sub-ledger on a daily basis to tie it with mainframe generated controls at the end of MSA Close.> Taking care of Domestic & International Payments for Reinsurers which is made by specific system called "SAP R3P(Domestic) & Computron(International)".> Receipt & Disbursement Allocation for Reinsurers as per treaty share.> Preparing & posting GL entries with specific systems are called "SAP GL Entries(SAP-EP1), GJV(Mainframe system), RDPS Non Machine Entries(RDPS System)".> Cash Budgeting.> Variance Analysis for Loss Paid Expense, Allocated Paid Loss Expense & Un-Allocated Paid Loss Expense on the basis of "Quarter & Year to date". Show less

  • Assistant Manager

    Dec 2018 - Jan 2021

  • Junior Manager

    Jul 2016 - Nov 2018

  • Process Developer

    May 2014 - Jun 2016
• 

  AXA XL

  Jan 2021 - now

  Reinsurance Financial Reporting and Data Analysis Reinsurance Financial Reporting and Data Analysis

  • Consultant(DM)

    Mar 2023 - now

  • Associate Consultant(AM)

    Jan 2021 - Mar 2023