Domain Trainee- Statutory Reporting

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, Statutory Reporting

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

Preparation of Yellow Book Financials as per NAIC Guidelines – quarterly and annually

Understanding and analyzing financial statements from quarterly/ annual reports and filings to come out with logical interpretations and trends 

Contributes to financial close cycles, including preparation of journal entries, account reconciliations and preparation of information needed for GAAP and Statutory reporting requirements

Build effective controls in the reporting processes to ensure accuracy of the financials and other supplements filings

Analyzes results of studies, reports, analyses. Prepares complex reports/analyses including analysis on balance sheets, income statements, annual/quarterly reports 

Process improvements and streamlining to drive efficiencies and effectiveness

Preparation of other Regulatory Reporting, Board packs, Management Packs, and other Internal Reports, G2S, Cash Flow, Part III (Loss Development)

Coordinates, conducts reviews and/or documents and efforts involving financial close processes, analysis, GAAP and Statutory reporting requirements, ad hoc requests, research and special projects.

Type of Experience Required:

Hands on experience in US Insurance STAT reporting process is desirable

Should have sound knowledge of US GAAP. 

Strong customer service focus and willingness to respond to queries and provide deliverables within prompt timeframes

Highly self-motivated and demonstrating excellent problem-solving abilities

Experience of front ending with customer, issue escalation

Good experience with ERP - Preferably Oracle Essbase; IT savvy & Understands interface processes with accounting ledger

Regulatory Reporting exposure as per NAIC guidelines

Good knowledge of Microsoft office. (PowerPoint) and advance Excel (V lookup, H lookup and Pivot)

Qualifications we seek in you

Minimum Qualifications / Skills

•CA/CA (Inter)/B.Com/ M.Com/ MBA/PGDBM

Preferred Qualifications/ Skills• Preferred with US statutory reporting experience of Insurance entity (P&C) but training can be provided to the suitable candidate• CA (Inter)/B.Com/M.com/MBAPreferredQualifications/ Skills

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