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Process Developer

2 months ago

Bengaluru, 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.

Inviting applications for the role of Process Developer, Reinsurance

Responsibilities

In this role, you would be responsible to balance day-to-day Reinsurance Accounting operations.

Knowledge of Insurance /Reinsurance domain Participate in many aspects of insurance/ reinsurance accounting and reporting (Weekly/Monthly) and understanding of Net Premium, Gross Premium, and Reinsurance-commission taxes etc. Ability to understand the concept & types of reinsurance and to ensure that all team administration processes are completed within the required time frame to the accurate level of quality. Over checking of reinsurance premiums i.e. gross premium, net premium written by Underwriter’s to make sure data entry are accurate and responsible for monitoring the information extraction from Policy administration & Reinsurance administration system, processing the RI transaction based on reinsurance treaties parameters. Calculating the portion of each risk that is retained and portion that is ceded, verify the changes are made from direct side : Ex; Increase or decrease of policy values. Responsible for preparing daily dashboards, volume trend reports quality scoring etc.

Qualifications we seek in you

Minimum qualifications

B.Com MBA Finance (Preferred)

Preferred Skill Set

Niche course in Insurance/Reinsurance would be preferred Knowledge of insurance/ reinsurance concepts, ability to interpret reinsurance treaties, critical thinking, hands on experience with reinsurance admin systems and in-depth knowledge of advance excel. Ability to analyze complex calculation of premium distributions and determine actual share for reinsurance premium/claims. Good interpersonal skills and ability to coordinate and collaborate with Onshore/Offshore team. Sound knowledge and hands on experience in finance and accounting (preparing journal entries, reporting etc.).