Domain Trainee Technical Accounting
Domain Trainee Technical Accounting
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Job Description
Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125000 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 Indepth understanding of Reinsurance Technical Accounting Assumed Business with solid organizational problem solving and interpersonal skills.
Responsibilities
Identification validation and processing of technical statements of account for all types of business (Proportional NonProportional 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 multiGAAP (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 ReInsurance domain preferably Assumed business
Solid organizational problem solving and interpersonal 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 respect and integrity customer focus and innovation. For more information visit www.genpact . Follow us on Twitter Facebook LinkedIn and YouTube.
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.
Required Experience:
Intern
Employment Type
Full-Time
