Job Description

Job Title- Servicing-Bureau Accounting & Settlement

Level\\Band- Trainee, Advisor/Sr .Advisor

Department- Re-insurance Servicing

Division GGB- Insurance Office Location Mumbai



Managing the financial day to day activities of Clients via the platform

Performing a key role on the underwriter side of insurance handling reconciliation of accounts for

claims & premiums.

Fair knowledge of the London insurance Market (Lloyds) as well as companies that trade in the

London insurance market outside Lloyds i.e. Institute of London Underwriters (ILU) and London

Insurance and

Reinsurance Market Association (LIRMA) will be an added advantage.

Handling adjustments or offsets to receivable items, posting & application of monies including

incoming wires and

corporate transfers.

Arranging timely payments for different currencies as instructed by the carriers. Also arranging

out of account

settlements for premiums including premium warranties, premium discounts.

Transfer of funds to Underwriter via Casa/Xchanging.

Involved in month end activities which involves Payables, Receivables and Reconciliation.

Analyzing Debts/Payables regularly and preparing action plans for control and timely clearances.

Responsible for paying the Client Claims quickly following the pay as paid policy.

Resolving queries of clients and underwriters. Resolving queries before the funds are received

from or released to the end party.

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