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Management Trainee - Reinsurance

With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world’s biggest brands—and we have fun doing it. Now, we’re 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 Management Trainee, Reinsurance 
We're looking for someone with deep understanding of Reinsurance Balance Payable and Receivable and someone who can handle Reinsurance payments, receipts, collections & follow-ups with brokers.
Responsibilities
•    Facultative Contract Management - Setting up & Maintain the FAC reinsurance contract
•    Ceded Premium/Loss Processing - Calculating and booking of ceded premiums & losses in the legacy system. Good knowledge in the reinsurance calculation of proportional/ non-proportional contracts
•    Review & Preparation of Reinsurance Bordereau
•    Preparing & reviewing payment & receipt Journals, handling accounting transactions and Performing GL Reconciliations
•    Ensure the quarterly and yearly instructions are reviewed and incorporated
•    Responsible for the review and analysis of financial results, including analysis of actual results compared with expectations, as well as prior periods
•    Communicating with customer on day-to-day basis and internal partner on regular basis
•    Team handling skills, day to day query handling, feedback management to iron out the operational challenges and driving improvements (Lean) to bring better controls
Qualifications we seek in you
Minimum qualifications
•    Graduation in Commerce (B.Com)
•    Meaningful work experience
•    Excellent command on Excel tools from day to day operations delivery standpoint
•    Proficient with MS Excel, MS Word, MS Visio & MS PowerPoint
•    Excellent Accounting conceptual knowledge to handle day to day operations and special events
Preferred qualifications 
•    Certification in P&C Insurance
•    Good Reinsurance Knowledge and significant years of experience in Reinsurance
•    Good analytical and problem solving skills
•    Ability to communicate verbally and through emails with businesses
•    Project Management and ability to handle several priorities

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.

Job: Management Trainee

Job ID: INS010928

Primary Location: India - Gurugram

Education Level: Bachelor's / Graduation / Equivalent

Job Posting: Feb 2, 2022

Master Skills List: Operations

Job Category: Full Time