Domain Trainee

3 days 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._

**_ _**
- Your role will require you to utilize your experience in and knowledge of insurance/reinsurance and underwriting processes to process transactions for the Underwriting Support Teams and communicate with the Onsite Team._
- Responsibilities_
- _Conduct Technical checks on insurance documentation to ensure accuracy, this includes using specific IT based system to supports the technical adjusting process with some supervision where applicable_
- _Working knowledge of insurance and re-insurance from Lloyd’s of London Market is mandate_
- _Well versed with the MRC Slips, Endorsement, Declarations, Submissions, quote and promise documents and it’s various sections_
- _Premium reconciliation and adjustment in the system_
- _Reviewing bordereaux files to resolve commission, premium difference_
- _Active management of aged debts, unallocated cash, internal and external queries_
- _Monthly reconciliation highlighting and recording transaction movement and raising with finance to ensure process is consistent_
- _Monitor daily signing for Lloyd’s LIRMA accounts_
- _Process daily cash analysis report_
- _Follow up or escalate with responsible business units on outstanding breaks according to internal procedure_
- _Timely and accurate processing of premium and endorsements_
- _Support existing backlog clean up exercises_
- _Working knowledge of Genius Application is mandate_
- _Resolving Premium/ Claims/ Tax differences_
- _Excellent written & verbal communication skills_
- _Knowledge of MS Office and its tool_
- _Taxes knowledge for different countries_
- Qualifications we seek in you_
- Minimum Qualifications_
- _Graduate (in any discipline)_
- _Relevant work experience for London P&C Insurance market_
- _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_
- _Insurance domain awareness_
- _Good knowledge of MS Office_
- _Preferred with certification on one of the streams i.e. CII i.e. ALMI, FIT or Cert CII or equivalent or AINS, CPCU certification_
- _Knowledge of Bureau/Non Bureau market_
- _Knowledge of end to policy life cycle (Submission till Endorsements and UW Support Tasks)_
- _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_**_Dec 24, 2024, 1:57:53 AM_

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

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