Job title: Domain Trainee- Reinsurance

Company: Genpact

Job description: 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 – 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 timely completion of facultative 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
  • Balance the placement of new and renewal reinsurance treaties. At strategic level, understand how each reinsurance program supports the activities for instance by enabling premium growth, owning the premium, surplus ratio, or reducing exposure to catastrophic loss
  • Providing Facultative 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.
  • Meet regularly with business unit leaders and with Head of Reinsurance to discuss strategic value of reinsurance placements and make recommendations to leadership on the placement of new reinsurance treaties
  • Maintain work tracking system to provide up to date and accurate metrics on facultative reinsurance submission premium booking activity
  • Exception handling of complex facultative reinsurance agreements that require processing outside the standard reinsurance workflow.

Qualifications we seek in you
Minimum Qualification

Pediatrician - Hospital - DCH/DNB/MD (0-20 yrs) Maharashtra (Doctor)
  • B.Com / B.Sc / B.A
  • Any graduate except technical
  • Expereince in Underwriting Reinsurance/Insurance
  • Open but prior Underwriting Service in Reinsurance /Insurance company experience preferred

Preferred Skill Set

  • Required in P&C Reinsurance (Facultative & Treaty) experience
  • Good understanding of Reinsurance underwriting cycle (Subs to Certificate issuance)
  • Knowledge of Endorsement processing and Premium calculations
  • Exposure to UK & US Reinsurance markets
  • Preferred Certification in Insurance & Reinsurance e.g. LM1, LM2, IIA & ARE
  • Advance excel knowledge required
  • Good written and Verbal Communication
  • Good in Analytical skills

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.
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.

Location: Gurgaon, Haryana

Job date: Thu, 02 May 2024 22:26:13 GMT