Domain Trainee- Reinsurance

2 days ago

Gurugram Gurugram, India Genpact Full time

Job Description Ready to shape the future of work At Genpact, we don't just adapt to change-we drive it. AI and digital innovation are redefining industries, and we're leading the charge. Genpact's AI Gigafactory, our industry-first accelerator, is an example of how we're scaling advanced technology solutions to help global enterprises work smarter, grow faster, and transform at scale. From large-scale models to agentic AI, our breakthrough solutions tackle companies most complex challenges. If you thrive in a fast-moving, tech-driven environment, love solving real-world problems, and want to be part of a team that's shaping the future, this is your moment. Genpact (NYSE: G) is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally. Through our deep business knowledge, operational excellence, and cutting-edge solutions - we help companies across industries get ahead and stay ahead. Powered by curiosity, courage, and innovation, our teams implement data, technology, and AI to create tomorrow, today. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook. Inviting applications for the role of Domain Trainee/ Management Trainee- Reinsurance Operations (Assumed & Ceded) Responsibilities: - Technical Accounting & Processing - Handle end-to-end processing of technical statements of account (SoA) for premiums, claims, and risk transactions across all reinsurance businesses - Contract Setup & Interpretation - Review and interpret reinsurance contracts, wordings, and slips to accurately set up treaty and facultative agreements in operational systems - Financial Booking & Reconciliation - Record and reconcile financial transactions related to premiums, claims, recoveries, and brokerage in accordance with contract terms and accounting policies - Reinsurance Calculations - Perform complex calculations including reinstatement premiums, profit commissions, sliding scale adjustments, and no-claims bonuses - Cash & Receivables Management - Manage unallocated cash and aged receivable clearance, ensuring timely identification, matching, and resolution of outstanding items - Stakeholder & Broker Engagement - Liaise with brokers, reinsurers, and internal finance/underwriting teams to resolve data discrepancies and maintain accurate records - Reporting & Controls - Support management and regulatory reporting needs, maintain audit trails, and ensure compliance with internal controls and reinsurance governance standards - Continuous Improvement & Controls - Strengthen process controls, identify automation opportunities, and drive consistency and efficiency across Reinsurance operations Minimum Qualifications: - Graduate / Postgraduate in any stream - Relevant years of experience in managing Reinsurance Operations processes - Proven experience within Re-Insurance domain preferably Assumed business - Experience in working with SICS system would be added advantage Preferred Skill Set: - Thorough knowledge of Insurance / Reinsurance business - Understanding of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) - Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables) - Strong communication skills, with the ability to clearly and succinctly articulate issues to senior management - Excellent analytical skills with an attention to detail - Self-starter, with ability to work under own initiative - Strong time management skills - Integrity, with an ability to handle confidential information - - - - -

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