Domain Trainee- Technical Accounting

2 months ago

Gurugram, 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 Domain Trainee, Technical Accounting

In this role, you should have In-depth understanding of Reinsurance, Technical Accounting – Assumed Business with solid organizational, problem solving, and inter-personal skills.

Responsibilities

Identification, validation, and processing of technical statements of account for all types of business (Proportional, Non-Proportional Treaty business, and FAC Business) 

Must be having good understanding of technical verification of accounts within the 

context of our validation framework and contract wording. 

Handling of financial transactions related to statements of account, claims payments, & 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 & other fees in accordance with contract terms. 

Supporting quarter close by assuring high levels of data quality on client reported figures & actively participate in close process with multi-GAAP (e.g. close open worksheets, validate Loss Sensitive Features, work closely with Finance, handle queries from management, external and internal auditors) 

End to end understanding of Unallocated cash and Aged receivable clearance life cycle 

Liaise with external and internal clients in resolving data issues. 

Qualifications we seek in you

Minimum Qualifications / Skills

Commerce Graduation/Post Graduation

Prior team leading experience

Proven experience within Re-Insurance domain preferably Assumed business

Solid organizational, problem solving, and inter-personal skills

Strong relationship building and organizational navigation skills

Excellent written and verbal skills

Strong presentation skills

Preferred Qualifications/ Skills

Reinsurance domain knowledge, preferably Technical Accounting 

Experience of working with the SICS system would be an added advantage. 

Good knowledge of MS Excel/PowerPoint 

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