Domain Trainee- Underwriting

2 weeks ago

Gurugram Haryana, 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._
- _Setting up Binding Authority contract with Contractual rules and aggregate limits on DUA tool_
- _Completing a Bordereau Questionnaire by mapping the bordereaux with relevant reporting standard using the DUA schema questionnaire_
- _Review of errors/ breaches and perform data enrichments within the DUA system_
- _Setting up Submissions, Processing of bookings, Endorsements, Renewals_
- _Logging of data quality issues into the query log._
- _Working with the onshore team regarding a quality control review of issues as part of an onshore escalation process to underwriters_
- _Bordereaux standardization and Financial Reconciliation for monthly BDX spreadsheets_
- _Exposure to London Market (Syndicate & Company) is a must_
- _Knowledge of P&C, Specialty, Reinsurance, Claims and Underwriting services_
- _Working as per the TAT and SLA agreed for the business_
- _Maintaining customer’s services and Quality standards by adhering to client procedures and process requirements_
- _Manage team of 10-15 staff as per given service level targets_
- _Monitoring submissions of the monthly Bordereaux and chasing up any that are late_
- _Leading weekly/monthly/quarterly discussions on operations with client UW and company stakeholders._
- _Understanding of risks faced by the function and the controls in place to manage and mitigate the risks_
- _Ensuring clarity around priorities and goals for the entire functional area_
- _Ability to function effectively in a team environment exercising good judgment_
- _Working with senior management and other peers for strategy development and execution planning_
- _Root Cause Analysis on escalations received_

**_ _**
- Qualifications we seek in you_

**_ _**
- Minimum qualifications:_

**_ _**
- _Graduate (in any discipline)_
- _Relevant work experience for London Market Insurance_
- _Should have wing to wing knowledge of the Underwriting lifecycle_
- _Must demonstrate and foster customer focus, teamwork, accountability, initiative and innovation._
- _Fluent in English language
- both written and oral_
- _Preferred Qualifications_
- _Any Graduate (Preferred - BSc/B Com)_
- _Knowledge of Binding Authority/ Delegated Authority Business for Coverholder_
- _Good Knowledge of MS Office, MRC, MRCE and Bordereaux._
- _Provide technical support and bordereau processing assistance to other members of the team_
- _Be experienced in a technical insurance role, such as account handling, wordings or underwriting, is essential_
- _Be experienced in producing Binding Authority MRC Slips & Endorsements from scratch_
- _Excellent knowledge of binders process_
- _Very good problem solving skills & attention to detail._
- _Ability to accurately interpret and compile information from a variety of sources and systems_

**_ _**
- Preferred qualifications:_

**_ _**
- _Insurance domain awareness_
- _Good knowledge of MS Office_
- _Preferred with certification on one of the streams i.e. CII London i.e. ALMI, FIT or Cert CII or equivalent or AINS, CPCU certification_
- _Knowledge of Bureau/Non Bureau market_
- _Knowledge of Binder, Lineslip and Consortium Processing_
- _Exposure to Reinsurance Market and it's types such as Prop and Non prop_
- _Exposure to Treaty and Fac Reinsurance_
- _

**_
Job_**_Domain Trainee_

**_ Primary Location_**_India-Gurugram_

**_ Schedule_**_Full-time_

**_ Education Level_**_Bachelor's / Graduation / Equivalent_

**_ Job Posting_**_May 16, 2024, 8:42:11 PM_

**_ Unposting Date_**_Ongoing_
- Master Skills List_Operations_
- Job Category_Full Time_

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