Senior Reinsurance Contracts Specialist
4 days ago
Genpact is a global professional services and solutions firm dedicated to 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.
Job DescriptionWe are inviting applications for the role of Management Trainee/Domain Trainee/ Assistant Manager - Reinsurance Contracts. As a Senior Reinsurance Contracts Specialist, you will be responsible for calculating and booking ceded premiums & losses in the legacy system. You will have good knowledge in the reinsurance calculation of proportional/ non-proportional contracts.
Key Responsibilities:- Cedded Premium/Loss Processing - Calculating and booking of ceded premiums & losses in the legacy system.
- Re-insurance Contract Set up basis information derived from Facultative Certificate.
- Coordinate with broker/reinsurer/underwriter to get supporting documents, understanding reinsurance structure, analyzing and interpreting limits and various terms & conditions of contracts and accordingly entering into system.
- Research and analyze the Premium discrepancies in order to clear Open transactions and items on Broker billing statements.
- Review & Preparation of Reinsurance Bordereau.
- Respond to email /phone queries related to queries related above activities.
- Follow-up with various departments to get supporting documents/ info for discrepancy resolution.
- Identify opportunities and recommend solutions for process and automation enhancements.
- Work as a team player to process any adhoc request in a timely manner.
- D deliver quality customer service by researching and responding to all internal & external stakeholders' inquiries quickly, effectively and professionally.
- Escalate problems to senior staff members and or management as appropriate.
We seek individuals with:
- B.Com degree.
- Excellent Communication Skills.
- Relevant experience in Insurance/Reinsurance accounting/reporting (Preferred qualification).
This is an exciting opportunity to join Genpact's dynamic team as a Senior Reinsurance Contracts Specialist. We offer a competitive salary range of $80,000 - $110,000 per annum, based on location and experience.
Please 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.
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