Genpact
Location
Gurgaon | India
Job description
Process Developer - Technical Accounting - INS023063
With a startup spirit and 115,000 + curious and courageous minds, we have the expertise to go deep with the world’s biggest brands—and we have fun doing it! We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We’re harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people.
Now, we’re calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing. People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower.
Welcome to the relentless pursuit of better.
Inviting applications for the role of Process Developer - Technical Accounting
In this role, you will be required to utilize your knowledge in the insurance and reinsurance fields to manage and process transactions, interact with clients, manage processes and data, and improve processes.
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, HL 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)
• Liaise with external and internal clients in resolving data issues
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Qualifications we seek in you!
Minimum qualifications
· B. Com / BBA.
· Relevant work experience, preferably in Commercial Insurance/Finance & Accounting domain.
Preferred Qualifications
· Experience working with the SICS system.
· Experience working in a technical accounting unit of a Reinsurance/insurance company
· Good knowledge of MS Office.
Job tags
Salary
