Job Title – Domain Trainee
Qualification – Graduation
Company Name – Genpact
Location – Gurugram, Haryana, India
Salary – Rs. 2 to 4LPA
Job Info.:-
Any graduate except technical
Meaningful experience in Reinsurance & Underwriting will be an advantage
Preferred Skill Set:
Required P&C Reinsurance experience in Facultative business and good understanding of Reinsurance Slips & Certificate
Knowledge of Endorsement processing and Premium calculation and exposure to UK & US Reinsurance markets
Preferred Certification in Insurance & Reinsurance e.g. LM1, LM2, IIA & ARE
Proficient in MS office and Excel
Good in Analytical Ability and Decision-making
Excellent interpersonal skills
Roles & Responsibilities:-
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.