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Job Description
With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world&rsquos biggest brands&mdashand we have fun doing it. Now, we&rsquore calling all you rule-breakers and risk-takers who see the world differently, and are bold enough to reinvent it. Come, transform with us.
Are you the one we are looking for
We are inviting applications for the role of Assistant Manager (Technical Cash Accounting,), Data Operations!
Responsibilities
. Identifying of cashes received from Different Broker and Co-insurer on the basis of Region, country code and respective parties accounts.
. Preparation of Cash balances as per the statements received from different Broker and Co-insurer.
. Booking of Cash Journals as per the correct Broker or Co-insurer accounts.
. Settlements of balances amongst different country code, as per the policy agreement.
. Performing Inter-branch for the transfer of cashes within different branches.
. Discussion with onshore teams in case of unidentified cashes in order to clear the balances.
. Return Payment to different Broker and Co-insurer in case of excess cash received.
. Preparation of various reports in order to match the overall cashes received.
. Auditing of all the payments done to different parties in order to avoid any wrong transfer.
. Analysis of need for further TCC reconciliation, I.e. our current focus is on matching TCC cash transactions to Genius/IRIS
. Technical Cash Clearance of UW transactions to Genius/IRIS, to bank statements, to bank statements
. Conduct Technical checks on insurance documentation to ensure accuracy, this includes using specific IT based system to supports the technical adjusting process with some supervision where applicable
. Working knowledge of insurance and re-insurance from Lloyd&rsquos of London Market is mandate
. Well versed with the MRC Slips, Endorsement, Declarations, Submissions, quote and promise documents and it&rsquos various sections
. Premium reconciliation and adjustment in the system
. Reviewing bordereaux files to resolve commission, premium difference
. Active management of aged debts, unallocated cash, internal and external queries
. Monthly reconciliation highlighting and recording transaction movement and raising with finance to ensure process is consistent
. Monitor daily signing for Lloyd&rsquos LIRMA accounts
. Process daily cash analysis report
. Follow up or escalate with responsible business units on outstanding breaks according to internal procedure
. Timely and accurate processing of premium and endorsements
. Support existing backlog clean up exercises
. Working knowledge of Genius Application is mandate
. Resolving Premium/ Claims/ Tax differences
. Excellent written & verbal communication skills
. Knowledge of MS Office and its tool
. Taxes knowledge for different countries
Other Responsibilities:
. Lloyds Market Insurance or UK Insurance Experience of 5+ years
. Manage team of 10+ staff as per given service level targets however able to work independently basis requirement
. Good Knowledge of MS Office, MRC, MRCE and Bordereaux.
. Provide technical support and bordereau processing assistance to other members of the team
. Be experienced in a technical insurance role, such as account handling, wordings or underwriting, is essential
. Leading weekly/monthly/quarterly discussions on operations with client UW and company stakeholders.
. Understanding of risks faced by the function and the controls in place to manage and mitigate the risks
. Ensuring clarity around priorities and goals for the entire functional area
. Ability to function effectively in a team environment exercising good judgment
. Working with senior management and other peers for strategy development and execution planning
. Root Cause Analysis on escalations received
. Very good problem solving skills & attention to detail.
. Ability to accurately interpret and compile information from a variety of sources and systems
Qualifications we seek in you!
Minimum Qualifications
. Graduate (in any discipline)
. Relevant work experience for London Market Insurance
. Should have wing to wing knowledge of the Underwriting lifecycle
. Must demonstrate and foster customer focus, teamwork, accountability, initiative and innovation.
. Fluent in English language- both written and oral
. Preferred Qualifications
. Any Graduate (Preferred – BSc/B Com)
Preferred Qualifications
. Insurance domain awareness
. Good knowledge of MS Office
. Preferred with certification on one of the streams i.e. CII London i.e. ALMI, FIT or Cert CII or equivalent or AINS, CPCU certification
. Knowledge of Bureau/Non Bureau market
. Exposure to Reinsurance Market and it’s types such as Prop and Non prop
. Exposure to Treaty and Fac Reinsurance
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.
