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Management Trainee

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.

We are inviting applications for the role of Domain Trainee / Management Trainee - Underwriting
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