Specialist - Transactional Services

Description:

We are seeking a talented individual to join our Operations team at Guy Carpenter. This role will be based in Gurugram. This is a hybrid role that has a requirement of working at least three days a week in the office.

Specialist– Transactional Services

We’re seeking a Specialist - Transactional Services who will be part of the reinsurance contract document. Setting up risk on system basis contract document/Broker Instruction sheets and generating covering letter (EOC) for the clients. Creating Premiums transactions & generate LPANs and closing instructions. Understanding/analysing the claims documents from the clients, setting up of claims on system, creating claims transactions & generating documents. Submission of documents to Reinsurers. Monitor the agreement, following up with clients and reinsurers. Handling enquiries from Reinsurers and clients

We will count on you to:

• Produce accurate client/Underwriter documentation associated with the respective processes within specified turnaround times
• Update self with knowledge of the core product principles and regulations to align with the continuous learning culture at MMC
• Ensure that all statutory and company regulations are followed while processing work to protect clients, colleagues and the business interests of the company
• Contribute to the development of a supported and flexible working environment ensuring business needs are met at all times
• Achievement of individual performance measures as outlined and targets set within performance appraisal as agreed with line manager
• Understand and contribute to the achievement of individual and departmental Key Performance Indicators and Service Levels Agreements
• Working towards enhancing customer/client experience whilst adding value to the respective end-to-end business process
• Displaying professional communication skills at all levels within MMC and with external customers
• Maintenance of relevant record / logs / timesheet & hygiene of work as required by management and for MIS purposes
• Participate and attend any training programs or learning sessions as deemed necessary for enhancing job skills or nominated by managers
• Constantly build technical expertise and business knowledge associated with the respective process as deemed necessary by line manager
• Taking ownership of work queues and ensuring proper handover of work to team/line manager in case of absence from work
• Support, assist and provide guidance to less experienced colleagues as needed
• Participate and support manager in team meetings and activities to share opinions, ideas, knowledge and solutions; maintain strong working relationships and participate in initiatives and/or contribute where required to deliver outcomes.
• Perform quality checks for less experienced colleagues as per standard guidelines as needed

What you need to have:

• 3+ years of experience in Reinsurance broking in the operations area
• Good written and verbal communication skills (mandatory).
• The position requires technical expertise (XOL, Facultative & Proportional Treaty business)
• Logical Reasoning and prioritization skills
• Problem Solving and Analytical Skills
• Proficient with MS outlook & MS Excel

What makes you stand out?

• Experience in interacting with international customers
• Excellent presentation and MS office power point skills (preferred)
• Good understanding of Insurance/Reinsurance business/processes
• Good understanding of Risk & Financial regulatory bodies (preferred)
• Experience in regulations that govern Insurance in our countries of operation (i.e. UK, US, Australia, Asia) (preferred)

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.