GenpactEmployer profile
Reinsurance-Assistant Manager-INS025056
Location not specified · Experience not specified
Experience- Experience not specified
Salary- Not disclosed
Location- Location not specified
- Work mode
- Not specified
- Job type
- Full-time
Apply by- Closing date not listed
- Posted
- 12 Feb 20
About this role
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 AM,Treaty Reinsurance
In this role you will be responsible for Collaborating 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
- Handles the negotiation, placement, and maintenance of ceded reinsurance treaties. This role will meet with business unit leaders to figure out how reinsurance can support their strategic initiatives
- 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)
- Ensure new and renewal treaty business underwrite in accordance with the underwriting authority, taking care of complex treaty placements including all tasks associated with information, data gathering, Analyzing documents, coverage analysis, Premium calculations.
- Providing Treaty support and services to clients from UK, US and APAC region.
- Adherence to underwriting rules and guidelines and developing good customer relationships through providing outstanding service.
- Ensure that the treaty reinsurance has the right structure, the right terms and conditions, at the best possible price.
- Maintain work tracking system to provide up to date and accurate metrics on treaty reinsurance submission premium booking activity
- Experience of handling of complex treaty reinsurance agreements that require processing outside the standard reinsurance workflow.
- Prepare recurring status reports on facultative reinsurance premium booking activity
- Willing to work flexible and varying shifts through the year and also must react positively and effectively to needs of balancing volume spikes (usually at quarter & Year ends)
Minim Qualification
- Any graduate except technical
- Relevant experience in Reinsurance & Underwriting will be an advantage
- Required P&C Reinsurance experience in Treaty business and Good understanding of Reinsurance Slips & Certificate
- Knowledge of Endorsement processing and Premium calculations and Exposure to UK & US Reinsurance markets
- Preferred Certification in Insurance & Reinsurance e.g. LM1, LM2, IIA & ARE
- Advance excel knowledge required
- Good in Analytical Ability and Decision-making
Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.
Job
Assistant Manager
Primary Location
India-Gurugram
Schedule
Full-time
Education Level
Bachelor's / Graduation / Equivalent
Job Posting
Jul 23, 2024, 11:48:19 PM
Unposting Date
Aug 22, 2024, 11:59:00 PM
Master Skills List
Operations
Job Category
Full Time