Assistant Manager- London Market/ Delegated Underwriting Authority
Assistant Manager- London Market/ Delegated Underwriting Authority
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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/Assistant Manager London Market /Delegated Underwriting Authority
We are seeking a detail-oriented and analytical Insurance Technical Analyst with a strong understanding of London Market processes particularly LPAN (London Premium Advice Note) and associated premium tax and regulatory frameworks. The ideal candidate will possess hands-on experience in interpreting and processing LPANs understanding premium calculations and managing documentation such as IMR and ECF applications. This role is critical to ensuring accuracy in premium calculations compliance with tax regulations and effective technical support within the underwriting and finance teams.
Responsibilities
Interpret and analyse various types of LPANs and ensure accurate data entry and processing.
Calculate and validate Gross to Net Premium including adjustments for brokerage taxes IPT and other factors.
Possess strong working knowledge of tax types including Additional Taxes Deductible Taxes and Stamp Duties.
Handle IMR (Insurers Market Repository) and ECF (Electronic Claims File) applications with attention to detail.
Demonstrate understanding of Signed Lines vs Written Lines and how they affect premium allocation.
Analyse and process Bordereaux submissions in line with internal and regulatory standards.
Ensure accurate handling of key premium terms such as Gross Premium Net Premium Brokerage IPT and Rate of Exchange (ROE).
Apply strong analytical and mathematical skills to perform complex premium and tax calculations.
Support underwriting claims and finance teams by providing accurate and timely technical analysis.
Qualifications we seek in you!
Minimum qualifications
Graduate (in any discipline)
Prior experience in the London Insurance Market or technical underwriting support function.
In-depth knowledge of LPAN structure and types.
Familiarity with market systems such as IMR and ECF.
Strong understanding of insurance and reinsurance premium calculations and related taxation.
Basic knowledge of Bordereaux preparation and interpretation.
Fluent in English language- both written and oral
Strong analytical numerical and problem-solving skills.
Proficiency in Microsoft Excel and other relevant software tools.
High attention to detail and the ability to manage multiple data points accurately.
Preferred qualifications
Professional certification (e.g. CII or equivalent) is a plus.
Experience with London Market systems (e.g. LIMOSS PPL) desirable.
Prior experience with multinational insurance or reinsurance firms preferred.
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
Experience with London Market systems (e.g. LIMOSS PPL) desirable
Prior experience with multinational insurance or reinsurance firms preferred
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. Get to know us at 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.
Required Experience:
Manager
Employment Type
Full-Time
