Business Improvement Specialist

2 days ago

Hyderabad, Telangana, India beBeeDevelopment Full time ₹ 15,00,000 - ₹ 20,00,000
Process Development Specialist

Job Title: Process Developer, Technical Accounting

We are seeking a skilled process development specialist to drive business process improvement and implement innovative solutions.

Main Responsibilities:

  • Identification, validation, and processing of technical statements of account for all types of business (proportional, non-proportional treaty business, and FAC business)
  • Handling of financial transactions related to statements of account, claims payments, and reconciliation of broker statements
  • Accounting/reporting of collateralized amounts to ensure compliance with contract requirements
  • Calculation of reinstatement premiums, reserving, portfolio in/out, premium adjustments, deposit retain/release, headline loss (large losses) adjustments, profit commissions, sliding scale, no claims bonus, and other fees in accordance with contract terms
  • Supporting quarter close by ensuring high levels of data quality on client-reported figures and actively participating in the close process with multiple GAAPs (e.g., closing open worksheets, validating loss-sensitive features, working closely with finance, handling queries from management, external, and internal auditors)

Requirements:

  • Commerce graduation/post-graduation
  • Prior team-leading experience (not required for resources at 4A level and below)
  • Proven experience within the reinsurance domain preferably assumed business
  • Solid organizational, problem-solving, and interpersonal skills
  • Strong relationship-building and organizational navigation skills
  • Excellent written and verbal skills
  • Strong presentation skills - band 4A and above

Preferred Qualifications:

  • Reinsurance domain knowledge preferably technical accounting
  • Experience in working with SICS systems would be an added advantage
  • Good knowledge of MS Excel/PowerPoint

About Genpact

Genpact 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.

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