Lead Specialist-Technical Placement| Reinsurance| 2-3+yrs| Mumbai

2 days ago

Mumbai, Maharashtra, India Gryphon Hytech Services Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Role : Lead Specialist Technical Placement

Location : Mumbai

Experience:

  • Reinsurance domain experience is mandatory.

General Requirements:

  • Strong domain knowledge in insurance, placement, claims, and reconciliation processes as per JD
  • Excellent communication and analytical skills.
  • Ability to work in a hybrid mode with day shifts.

Position Summary

We are hiring an Lead Specialist to FAC process for ensuring the quality and effectiveness of business, products, and services within India business. The reinsurance placement & claims tasks process transactions for end to end client servicing of accounts per IRDAI guidelines. This role requires a comprehensive understanding of the policy life cycle and the various actions required for New Business/Renewals, Mid-Term Adjustments, claims cycle and its collection.

Primary Responsibilities

  • Set-up client in our system, ensuring all the necessary details and documentation are accurately recorded
  • Handle booking inquiries for all potential clients on our system
  • Book the business on the system, ensuring all the transactions are accurately recorded and aligned with the clients requirements
  • Generate closing statements to facilitate the collection of premium
  • Coordinate closely with cedents and underwriters to ensure smooth processing of all transactions, maintaining clear communication and addressing issues promptly

Claims:

  • Identifying and booking claims: Our team identifies valid claims as per the slip, books them in the system and ensures all claim details are accurately documented
  • Generating closings: We generate closing statements to facilitate the settlement of claims
  • Coordinate closely with cedents and underwriters to ensure smooth processing of all transactions, maintaining clear communication and addressing issues promptly

Additional Responsibilities

  • Coordinate closely with cedents and underwriters to ensure smooth processing of all transactions, maintaining clear communication and addressing issues promptly
  • Ability to think critically and make sound judgments based on the evidence presented.
  • Understanding of best practices in business processes and quality assurance.
  • Ability to work independently and as part of a team to achieve quality and compliance objectives.
  • Commitment to maintain confidentiality and handling sensitive information appropriately.
  • Willingness to continuously learn and develop new skills to enhance audit effectiveness.

Skills and Competencies

  • Technical Proficiency and Understanding of Insurance service
  • Excellent Written and Oral communication skills
  • Interpersonal skills
  • Ownership and Accountability
  • Insurance domain knowledge
  • Reinsurer office visits

Education

  • Major Any Graduate or Post Graduate with any Specialization
  • Degree Bachelor Master

Licenses/Certificates

  • Insurance Certification will be the additional advantage

Work Experience

  • Minimum 2-3+ year of experience of Quality Analysis in Insurance domain

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