kowshik sathya

Kowshik sathya

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location of kowshik sathyaDubai, Dubai, United Arab Emirates
Followers of kowshik sathya775 followers
  • Timeline

  • About me

    Senior officer Retakaful

  • Education

    • Modern senior secondary school

      1993 - 2013
    • The institute of company secretaries of india

      2013 - 2020
      Cs company secretary
    • Ramakrishna mission vivekananda college

      2012 - 2014
      Bachelor of commerce - bcom business/commerce, general
    • The institute of chartered accountants of india

      -
  • Experience

    • Annamalai associates

      Feb 2015 - Feb 2018
      Articled assistant

      Accounting, Auditing and Taxation related works.

    • National life & general insurance company saog

      May 2018 - Nov 2018
      Senior finance executive

      Performed Bank reconciliation, Intercompany reconciliation, AP/AR reconciliation and underwriting related works

    • Proeza corp pvt ltd - management consultants

      Aug 2019 - Oct 2019
      Financial analyst
    • Qatar insurance company

      Nov 2019 - Feb 2023

      1. Understanding and Implementation of Reinsurance contacts.2.Preparation of Reinsurance Technical Accounts.3.Coordinating with brokers and MGA for Reinsurance related matters.4. Accounting for various treaties pertaining to General Insurance business.5. Worked closely with Technology Dept for automation of Reinsurance Technical accounting.6.IFRS-17 Implementation.7. Calculating Sliding scale commission, Profit commission for various Quota share contracts.8.Coinsurance accounting.9. Ensuring first level of check between internal database and figures reported by MGA before they move into final financials.10. Prepared sides for board's presentation. Show less

      • Senior Associate Accountant (Reinsurance)

        May 2022 - Feb 2023
      • ASSOCIATE ACCOUNTANT

        Nov 2019 - May 2022
    • Vfi slk

      Feb 2023 - Jan 2024
      Senior associate (reinsurance)

      1.P&C Reinsurance Accounting 2.GAAP & STAT closures.3. calculation Experience rating, withheld, commissions.4. Treaty testing to ensure accuracy based on contracts and accounting memos.5. Performing Paid and Pending claims calculations.6. Creating GL tie outs with MGA results.7. Preparation of Roll forwards and STAT p&l.8.Handling Audit queries.9. Calculating Amortization of statutory deferred gains.10.Accouting for Policy Loans

    • Watania takaful

      Jan 2024 - now
      Senior officer retakaful

      • Expertly managed General and Medical reinsuranceportfolios, ensuring precise technical accounting in line withindustry standards.• Diligently reviewed reinsurance contracts for accurateaccounting practices and regulatory adherence.• Conducted thorough reconciliations of Treaty & FAC accountswith various Brokers and Reinsurers.• Developed and delivered Technical Reinsurance statementscompliant with IFRS-17 requirements.• Facilitated effective communication with Brokers/Reinsurersto meet strategic business objectives.• Prepared detailed Reinsurance closings for General andMedical portfolios.• Assisted in evaluating substantial recoveries from complexclaims.• Executed and managed RI transaction payments throughspecialized portals.• Coordinated Treaty renewals with Brokers and Reinsurers,ensuring seamless continuity.• Compiled Reinsurance data for Central Bank reporting,maintaining compliance with balance of payment regulations.• Calculated XOL recoveries, Burning cost, Profit Commission,and Reinstatements in accordance with contractual terms.• Issued cash calls to Reinsurers and recorded transactions accurately. Show less

  • Licenses & Certifications

    • Certified sarbanes oxley expert (csoe)

      Sarbanes-oxley compliance professionals association (soxcpa)
    • Associate

      Insurance institute of india
      Dec 2023
    • Retirement plan fundamentals

      American society of pension professionals and actuaries
      Oct 2023
    • Iii licentiate

      Insurance institute of india
      Dec 2022
    • Certified insurance anti fraud professional (ciafp)

      Insurance institute of india
      May 2023