Management Trainee Reinsurance
Year Gurgaon, Haryana, India
Job Description
With a startup spirit and 115,000+ curious and courageous minds, we have the expertise to go deep with the world?s biggest brands?and we have fun doing it. We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We?re harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people. Now, we?re calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing., People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower. Welcome to the relentless pursuit of better.
Inviting applications for the role of Management Trainee, Treaty Reinsurance
Responsibilities
Manages the negotiation, placement, and maintenance of ceded reinsurance treaties. This role will meet with business unit leaders to determine how reinsurance can support their strategic initiatives
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
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.
JobManagement Trainee Primary LocationIndia-Gurugram ScheduleFull-time Education LevelBachelor's / Graduation / Equivalent Job PostingMay 25, 2023, 8:54:22 AM Unposting DateOngoing Master Skills ListOperations Job CategoryFull Time
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Job Detail
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Job IdJD3076831
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationGurgaon, Haryana, India
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EducationNot mentioned
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ExperienceYear