Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000 people across 30 countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.
Inviting applications for the role of Domain Trainee/Assistant Manager, Reinsurance
In this role, you should have In-depth understanding of Reinsurance, Underwriting activities with New Business, renewals and straight decline process. Relevant Business understanding with solid organizational, problem solving, and inter-personal skills.
Responsibilities
Reinsurance contract administration - setting up the reinsurance contract in the legacy system (Treaty and FAC)
Ceded premium/loss processing - calculating and booking of ceded premiums and losses in the legacy system. Good knowledge in the reinsurance calculation of proportional/ non-proportional contracts
Reinsurance balance payable and receivable -handling reinsurance payments and collections
Creating Reinsurance journals, handling accounting transactions and performing general ledger reconciliations
Review and preparation of reinsurance bordereau
Financial reporting
Qualifications we seek in you
Minimum Qualifications / Skills
Commerce Graduation/Post Graduation
Prior team leading experience for Band 4A and above level.
Proven experience within Re-Insurance domain preferably underwriting Assistance
Solid organizational, problem solving, and inter-personal skills
Strong relationship building and organizational navigation skills
Excellent written and verbal skills
Strong presentation skills.
Preferred Qualifications/ Skills
Reinsurance domain knowledge,
Experience in working with SICS system would be added advantage.
Certification in Property and Casualty (PC) Insurance will be an added advantage
Good knowledge of MS Excel/PowerPoint
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com . Follow us on Twitter, Facebook, LinkedIn, and YouTube.
Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.