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Process Associate - Reinsurance @ Genpact India

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 Process Associate - Reinsurance

Job Description

Process Associate, Reinsurance

In this role, you would be responsible to balance day-to-day Reinsurance Accounting operations.

  • Knowledge of Insurance /Reinsurance domain
  • Participate in many aspects of insurance/ reinsurance accounting and reporting (Weekly/Monthly) and understanding of Net Premium, Gross Premium, and Reinsurance-commission taxes etc.
  • Ability to understand the concept & types of reinsurance and to ensure that all team administration processes are completed within the required time frame to the accurate level of quality.
  • Over checking of reinsurance premiums i.e. gross premium, net premium written by Underwriter s to make sure data entry are accurate and responsible for monitoring the information extraction from Policy administration & Reinsurance administration system, processing the RI transaction based on reinsurance treaties parameters.
  • Calculating the portion of each risk that is retained and portion that is ceded, verify the changes are made from direct side : Ex; Increase or decrease of policy values.
  • Responsible for preparing daily dashboards, volume trend reports quality scoring etc.
Qualifications we seek in you

Minimum qualifications

  • B.Com
  • MBA Finance (Preferred)
Preferred Skill Set
  • Niche course in Insurance/Reinsurance would be preferred
  • Knowledge of insurance/ reinsurance concepts, ability to interpret reinsurance treaties, critical thinking, hands on experience with reinsurance admin systems and in-depth knowledge of advance excel.
  • Ability to analyze complex calculation of premium distributions and determine actual share for reinsurance premium/claims.
  • Good interpersonal skills and ability to coordinate and collaborate with Onshore/Offshore team.
  • Sound knowledge and hands on experience in finance and accounting (preparing journal entries, reporting etc.).
,

Employement Category:

Employement Type: Full time
Industry: IT - Software
Role Category: Sales / BD
Functional Area: Not Applicable
Role/Responsibilies: Process Associate - Reinsurance

Contact Details:

Company: Genpact India
Location(s): Bengaluru

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Genpact India

Genpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and ...