Domain Trainee- Technical Accounting

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.

Inviting applications for the role of Domain Trainee, Technical Accounting

In this role, you should have In-depth understanding of Reinsurance, Technical Accounting – Assumed Business with solid organizational, problem solving, and inter-personal skills.

Responsibilities

· Identification, validation, and processing of technical statements of account for all types of business (Proportional, Non-Proportional Treaty business, and FAC Business)

· Must be having good understanding of technical verification of accounts within the

· context of our validation framework and contract wording.

· Handling of financial transactions related to statements of account, claims payments, & reconciliation of broker statements

· Accounting / reporting of collateralized amounts to ensure compliance with contract

· requirements.

· Calculation of reinstatement premiums, reserving, Portfolio In/Out, Premium

· adjustments, deposit retain/release, Headline Loss (Large Losses) adjustments, profit

· commissions, sliding scale, no claims bonus & other fees in accordance with contract terms.

· Supporting quarter close by assuring high levels of data quality on client reported figures & actively participate in close process with multi-GAAP (e.g. close open worksheets, validate Loss Sensitive Features, work closely with Finance, handle queries from management, external and internal auditors)

· End to end understanding of Unallocated cash and Aged receivable clearance life cycle

· Liaise with external and internal clients in resolving data issues.

Qualifications we seek in you!

Minimum Qualifications / Skills

· Commerce Graduation/Post Graduation

· Proven experience within Re-Insurance domain preferably Assumed business

· Solid organizational, problem solving, and inter-personal skills

· Strong relationship building and organizational navigation skills

· Excellent written and verbal skills

· Strong presentation skills

Preferred Qualifications/ Skills

· Reinsurance domain knowledge, preferably Technical Accounting

· Experience of working with the SICS system would be an added advantage.

· Good knowledge of MS Excel/PowerPoint

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.