Assistant Manager- London Market Underwriting

Noida - India

Monthly Salary: Not Disclosed

Posted on: 3 days ago

Vacancies: 1 Vacancy

Job Summary

Ready to shape the future of work
At Genpact we dont just adapt to changewe drive it. AI and digital innovation are redefining industries and were leading the charge. Genpacts AI Gigafactory our industry-first accelerator is an example of how were scaling advanced technology solutions to help global enterprises work smarter grow faster and transform at scale. From large-scale models to agentic AI our breakthrough solutions tackle companies most complex challenges.

If you thrive in a fast-moving tech-driven environment love solving real-world problems and want to be part of a team thats shaping the future this is your moment.

Genpact (NYSE: G) is anadvanced technology services and solutions company that deliverslastingvalue for leading ourdeep business knowledge operational excellence and cutting-edge solutions we help companies across industries get ahead and stay by curiosity courage and innovationour teamsimplementdata technology and AItocreate tomorrow to know us onLinkedInXYouTube andFacebook.

We are inviting applications for the role of Domain Trainee/Management Trainee/Assistant Manager London Market 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 Lloyds of London Market is mandate
Well versed with the MRC Slips Endorsement Declarations Submissions quote and promise documents and its 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 Lloyds 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

Why join Genpact
Be a transformation leader Work at the cutting edge of AI automation and digital innovation
Make an impact Drive change for global enterprises and solve business challenges that matter
Accelerate your career Get hands-on experience mentorship and continuous learning opportunities
Work with the best Join 140000 bold thinkers and problem-solvers who push boundaries every day
Thrive in a values-driven culture Our courage curiosity and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress
Come join the tech shapers and growth makers at Genpact and take your career in the only direction that matters: Up.
Lets build tomorrow together.

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.
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

If you thrive in a fast-moving tech-driven environment love solving real-world problems and want to be part of a team thats shaping the future this is your moment.