Domain Trainee- Reinsurance

2 weeks ago

gurugram, India Genpact Full time

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 - Reinsurance 
In this role you will be responsible for collaborating with appropriate reinsurance resources (i.e., Underwriting, Reinsurance, Accounting, Operations, IT, etc.) to report and provide resolution to issues preventing the accurate and timely completion of facultative reinsurance premium booking transactions
Responsibilities: 
• Understand all reinsurance processes and be able to research and process daily assumed/Ceded reinsurance new business as well as renewal transactions 
• Balance the placement of new and renewal reinsurance treaties. At strategic level, understand how each reinsurance program supports the activities for instance by enabling premium growth, owning the premium, surplus ratio, or reducing exposure to catastrophic loss
• Providing Facultative support and services to clients from UK, US, and APAC region.
• Adherence to underwriting rules and guidelines and developing good customer relationships through providing outstanding service.
• Meet regularly with business unit leaders and with Head of Reinsurance to discuss strategic value of reinsurance placements and make recommendations to leadership on the placement of new reinsurance treaties
• Maintain work tracking system to provide up to date and accurate metrics on facultative reinsurance submission premium booking activity
• Exception handling of complex facultative reinsurance agreements that require processing outside the standard reinsurance workflow.
Qualifications we seek in you
Minimum Qualification
• BCom / B.Sc. / B.A
• Any graduate except technical
• Experience in Underwriting Reinsurance/Insurance
• Open but prior Underwriting Service in Reinsurance /Insurance company experience preferred
Preferred Qualifications/ Skills
• Required in P&C Reinsurance (Facultative & Treaty) experience
• Good understanding of Reinsurance underwriting cycle (Subs to Certificate issuance) 
• Knowledge of Endorsement processing and Premium calculations
• Exposure to UK & US Reinsurance markets
• Preferred Certification in Insurance & Reinsurance e.g., LM1, LM2, IIA & ARE
• Advance excel knowledge required
• Good written and Verbal Communication
• Good in Analytical skills

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