Assistant Manager, Underwriting Support Delegated Authority

4 hours 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 Assistant Manager, Underwriting Support Delegated Authority
In this role, you shall be responsible for managing delivery team. Your role will require you to utilize your experience in and knowledge of insurance/reinsurance, Delegated Authority and underwriting processes to process transactions for the Underwriting & Delegated Support Teams and communicate with the Onsite Team.

Responsibilities
• Manage team of 10-15 staff as per given service level targets
• Knowledge of Binding Authority/ Delegated Authority Business for Cover holder
• Good Knowledge of MS Office, MRC, MRCE and Bordereaux.
• Provide technical support and bordereau processing assistance to other members of the team
• Be experienced in a technical insurance role, such as account handling, wordings or underwriting, is essential 
• Be experienced in producing Binding Authority MRC Slips & Endorsements from scratch
• Effective communications and forecast planning with the onshore client team
• Excellent knowledge of binders process
• Monitoring submissions of the monthly Bordereaux and chasing up any that are late
• Leading weekly/monthly/quarterly discussions on operations with client UW and company stakeholders.
• Understanding of risks faced by the function and the controls in place to manage and mitigate the risks 
• Ensuring clarity around priorities and goals for the entire functional area
• Ability to function effectively in a team environment exercising good judgment
• Working with senior management and other peers for strategy development and execution planning
• Very good problem-solving skills & attention to detail.
Qualifications we seek in you
Minimum qualifications
• Graduate (in any discipline)
• Relevant work experience for London Market Insurance
• 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
• Any Graduate (Preferred - BSc/B Com)

Preferred qualifications
• Insurance domain awareness
• Good knowledge of MS Office
• Preferred with certification on one of the streams i.e. CII London i.e. ALMI, FIT or Cert CII or equivalent or AINS, CPCU certification
• Knowledge of Bureau/Non Bureau market
• Knowledge of Binder, Lineslip and Consortium Processing
• Exposure to Reinsurance Market and it's types such as Prop and Non prop
• Exposure to Treaty and Fac Reinsurance

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