Accounting and Operations Management Practices at NRIC: A Focus on Reinsurance Operations

Abstract

This report provides an overview of my three-and-a-half-month internship at Nepal Reinsurance Company Limited (NRIC), a leading reinsurance firm in Nepal. The main objectives of this report are:

● To gain firsthand experience in the daily operations of a reinsurance company.
● To understand financial management practices unique to the reinsurance industry.
● To learn how accounting tools like Tally are used for transaction recording.
● To bridge the gap between academic theories and practical, real-world applications.
● To engage in innovative tasks that contribute fresh perspectives and improvements.

During my internship, I primarily worked in the reinsurance department under the direct supervision of the department manager, with a brief assignment in the operations department, where I assisted in vendor communications. This report outlines my key responsibilities, the challenges I encountered, and the innovative solutions I proposed. Engaging in tasks such as processing journal entries and identifying potential efficiencies, I had multiple opportunities to apply academic concepts while enhancing my understanding of reinsurance operations. Each day resented fresh insights into managing and coordinating complex financial processes, and I became proficient in tools that drive industry efficiency. Overall, this internship has been a valuable learning experience, meeting my objectives and enabling me to contribute innovative ideas.

Keywords : Reinsurance Operations, Tally Software, NRIC

ดร.ศรีสุดา จงสิทธิผล – Dr. Srisuda Chongsithiphol, บธ.บ. การเงินและการลงทุน (หลักสูตรนานาชาติ) – B.B.A. Finance and Investment (International Program), บริหารธุรกิจ (Business Administration), บริหารธุรกิจบัณฑิต สาขาวิชาการเงินและการลงทุน (หลักสูตรนานาชาติ) – Bachelor of Business Administration Program in Finance and Investment (International Program), 3/2566 (2023)