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Process Developer, Treaty Reinsurance

4 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 Process Developer, Treaty Reinsurance
Responsibilities 

• Collaborate with appropriate reinsurance resources (i.e., Underwriting, Reinsurance, Accounting, Operations, IT, etc.) to report and provide resolution to issues preventing the accurate and prompt completion of Treaty reinsurance premium booking transactions
• Understand all reinsurance processes and be able to research and process daily assumed/Ceded reinsurance new business as well as renewal transactions (Submissions and Premium Booking)
• Underwrite new and renewal treaty business per underwriting authority, dealing with complex treaty placements including all tasks associated with information, data gathering, Analyzing documents, coverage analysis, Premium calculations.
• Oversee the P&C treaty portfolio and support clients from UK, US, and APAC regions 
• Check reinsurance slip, treaty wording, and endorsements
• Handle complex Treaty reinsurance agreements that require processing outside the standard reinsurance workflow
• Prepare recurring status reports on Treaty reinsurance premium booking activity
• Willing to work flexibly in varying shifts through the year and must react positively and effectively to needs of handling volume spikes (usually at quarter & Year ends)
Qualifications we seek in you
Minimum qualifications
• B. Com / B.Sc. / B.A
• Any graduate (except technical)
• Relevant experience in Reinsurance Underwriting
• P&C Reinsurance experience
• Good understanding of Reinsurance Slips & Certificate 
• Attention to details and ability to work independently and efficiently
• Knowledge of Endorsement processing and Premium calculations
• Exposure to UK & US Reinsurance markets
• Advance excel knowledge 
• Good written and Verbal Communication
• Good Analytical skills

Preferred Skill Set
• Preferred Certification in Insurance & Reinsurance e.g., LM1, LM2, IIA & ARE