Domain Trainee- Reinsurance

2 weeks ago

Gurugram Haryana, India Genpact Full time

With a startup spirit and 115,000+ curious and courageous minds, we have the expertise to go deep with the world’s biggest brands—and we have fun doing it. We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We’re harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people. Now, we’re calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing., People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower. Welcome to the relentless pursuit of better._
- 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_
- _B.Com / B.Sc / B.A_
- _Any graduate except technical_
- _Expereince in Underwriting Reinsurance/Insurance_
- _Open but prior Underwriting Service in Reinsurance /Insurance company experience preferred_
- Preferred Skill Set_
- _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_

**_
Job_**_Domain Trainee_

**_ Primary Location_**_India-Gurugram_

**_ Schedule_**_Full-time_

**_ Education Level_**_Higher Degree_

**_ Job Posting_**_Apr 18, 2024, 8:29:16 AM_

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

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