Ceded Reinsurance Specialist

Company Description

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000 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.

Job Description

The Ceded Reinsurance Specialist plays a crucial role in managing and analyzing ceded reinsurance to protect the company's portfolio of insurance operations. This position requires strong analytical skills, attention to detail, and excellent communication abilities to collaborate effectively with key stakeholders within the company.

In this role, you would be required to ​​use extensive reinsurance & analytical skills to serve Genpact Global Insurance and Reinsurance clients. Will be engaged on varied consulting projects but may be engaged in long-term business process outsource work as well. Demonstrate critical thinking to perform analyses, independently solve problems and recommend changes to improve efficiency.  Contribute to improving account margin and maintaining strong client relationships and high levels of client satisfaction. 

Responsibilities

• Manage existing or standard accounts with minimal supervision, complete complex assignments
• Manage customer expectations
• Communicate with clients, prospects, account teams, and sales teams
• Work within the scope of the Statements of Work and adhere to the Master Service Agreement
• Contribute to account strategy, including revenue forecasting 
• Prepare and review assigned account work for accuracy and completeness
• Maintain accurate and complete files
• Ensure procedures and service standards are documented and updated as changes occur
• Participate in and/or support onboarding of new accounts
• Compile information to monitor, control and report internal account metrics used by management for profitability and productivity
• Competence with documenting, flowcharting and project management tools and procedures
• Participate in process optimization
• Manage and analyze large and complex datasets, including ability to recognize and understand data irregularities that may flag processing issues
• Participate in due diligence efforts and presentations to clients or prospects as needed
• Help identify potential new business opportunities from existing clients
• Provide guidance to junior team members
• Conduct special projects and additional job-related duties as needed

Qualifications

Minimum Qualifications / Skills

• Advanced skills with MS Office suite of products (Excel, Access and PowerPoint), SQL experience a plus
• In depth knowledge of interpreting reinsurance contract wording and knowledge of cession calculation for Quota Share, FAC, Excess of Loss and CAT treaties.
• Aptitude and interest in re/insurance systems and working with large data sets
• Ability to think strategically and analytically and make independent decisions
• Excellent organization, prioritization and time management skills
• Ability to meet deadlines and work in a fast-paced environment
• Accuracy, thoroughness, and strong attention to detail
• Results oriented, self-motivated team player with the ability to take initiative
• Prior management experience

Preferred Qualifications/ Skills

• Bachelor’s degree (BA/BS) or equivalent experience 
• Minimum of four years of experience in the ceded reinsurance industry 
• Expertise in one or more of the following disciplines:   
• Interpreting Ceded Reinsurance Contract wordings
• Ceded Reinsurance Claims (QS, FAC, XOL, CAT)
• Accounting
• Project Management
• Industry designations (such as ARe or CPCU) preferred and/or strongly encouraged 

Additional Information

This is a remote, work from home position. 

The approximate annual base compensation range for this position is $80000 to $90000. The actual offer, reflecting the total compensation package plus benefits, will be determined by a number of factors which include but are not limited to the applicant’s experience, knowledge, skills, and abilities; geographic location; and internal equity

If you are interested in a phone interview please advise a good number and day/time to reach you. I look forward to hearing from you!