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Assistant Manager- London Market/ Delegated Underwriting Authority

Assistant Manager- London Market/ Delegated Underwriting Authority

Genpact

3 - 7 years

0 Lacs

noida uttar pradesh

Posted:5 days ago| Platform: Shine logo

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Skills Required

brokerage ipt microsoft excel insurance technical analysis london market processes lpan premium calculations tax regulations imr ecf applications bordereaux submissions gross premium net premium rate of exchange roe

Work Mode

On-site

Job Type

Full Time

Job Description

Genpact is a global professional services and solutions firm dedicated to shaping the future and delivering valuable outcomes for clients worldwide. With a workforce of over 125,000 professionals spread across more than 30 countries, we are fueled by curiosity, agility, and the commitment to create lasting value. Our purpose, the relentless pursuit of a world that works better for people, drives us to serve and transform leading enterprises, including the Fortune Global 500, by leveraging our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI. We are currently looking for candidates interested in the position of Domain Trainee/Assistant Manager for the London Market/Delegated Underwriting Authority. As an Insurance Technical Analyst with a keen eye for detail and strong analytical skills, you will be responsible for interpreting and processing London Market processes, especially LPAN (London Premium Advice Note), and associated premium, tax, and regulatory frameworks. Your role will be pivotal in ensuring accuracy in premium calculations, compliance with tax regulations, and providing technical support to underwriting and finance teams. Your key responsibilities will include interpreting and analyzing various types of LPANs, calculating and validating Gross to Net Premium, handling IMR and ECF applications, analyzing Bordereaux submissions, and ensuring accurate handling of key premium terms. You will also be expected to support underwriting, claims, and finance teams by providing accurate and timely technical analysis. Qualifications we seek in you: - A 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 - Fluency 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 - Certification on one of the streams (e.g., CII London i.e., ALMI, FIT or Cert CII or equivalent, or AINS, CPCU certification) If you are a detail-oriented individual with a passion for insurance technical analysis and a desire to excel in a dynamic global firm, we invite you to apply for this exciting opportunity.,

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Assistant Manager- London Market/ Delegated Underwriting Authority