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Process Associate - Reinsurance

1.00 to 4.00 Years   Bangalore   06 May, 2021
Genpact India Pvt Ltd
Job LocationBangalore
EducationNot Mentioned
SalaryNot Disclosed
IndustryIT - Software
Functional AreaSales / BD
EmploymentTypeFull-time

Job Description

Process Associate, ReinsuranceIn 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 youMinimum 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.).
,

Keyskills :
customer relationsinsurancequalitysalessapdata entrycustomer focusjournal entriescritical thinkinginterpersonal skillsinformation extraction

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