Domain Trainee - Underwriting

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose - the relentless pursuit of a world that works better for people - we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.

We are inviting applications for the role of Domain Trainee / Management Trainee - Underwriting
Your role will require you to utilize your experience in and knowledge of insurance/reinsurance and underwriting processes to process transactions for the Underwriting Support Teams and communicate with the Onsite Team.
Responsibilities
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 s of London Market is mandate
Well versed with the MRC Slips, Endorsement, Declarations, Submissions, quote and promise documents and it s 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 s 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
Qualifications we seek in you
Minimum Qualifications
Graduate (in any discipline)
Relevant work experience for London P&C Insurance market
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
Insurance domain awareness
Good knowledge of MS Office
Preferred with certification on one of the streams i.e. CII i.e. ALMI, FIT or Cert CII or equivalent or AINS, CPCU certification
Knowledge of Bureau/Non Bureau market
Knowledge of end to policy life cycle (Submission till Endorsements and UW Support Tasks)
Exposure to Reinsurance Market and its 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. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook.
Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a starter kit, paying to apply, or purchasing equipment or training.