Posted:3 days ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Department:Fusion

Responsibility Level:

Span of Control:Nil

Positions reporting into this role:Nil

Role -Fusion - Loss Sensitive Analyst

Reports to:Assistant Manager

Primary Responsibility

Analyze information from legal agreements, claims data, Audit advices and various systems for a particular insured's policy period/coverage period and process premium adjustments in AMS (Adjustment Module System) to accurately generate & book current gross and net chargeable premium.

Performance Parameters

  • Productivity
  • Accuracy/Quality
  • Corrective Actions
  • Training
  • Documentation
  • Attendance
  • Schedule Adherence

Role Responsibilities

  • Update WTS each time an account is assigned or completed
  • Review all necessary account documents from relevant systems
  • Compile and organize relevant auditand claims data into spreadsheet analysis.
  • Participate in all applicable training and special unit projects when appropriate
  • Analyze and explain impact on Insured's account
  • Ensure that the assigned account has been updated properly on the compliance report
  • Submit daily status reports to Unit Manager
  • Update checklist and store supporting documentation in Pre approval folder for review

Primary Internal Interactions

  • Assistant Manager for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and support
  • RSC for the purpose of raising UW Assists and providing clarification on contracts, and all communications outside of fusion.
  • Manager for the purpose of settling issues left unresolved by the Assistant Manager and monthly evaluation of performance
  • Peers(team members) for the purpose of seeking co-operation & clarification on process-related matters & providing assistance and support when required
  • Approvers for the purpose of contract related issues, escalated transactions, feedback, audit and training

Primary External Interactions

  • Trainers at the client end for the purpose of training

Minimum Qualification

Graduate in Accounting / Commerce / Business Administration with at least 15 years of education

Minimum Experience

Minimum 18 to 24 months of work experience in a related field is preferred

Experience in Insurance process shall be preferred.

Technical Skills

Soft Skills

Process Specific Skills

  • Good Computer Navigation Skills
  • Good knowledge of complete MS Office suite (MS Word, MS Excel, Outlook)
  • Accounting knowledge and computing skills
  • Keyboard handling skill - 25 wpm with 90% accuracy

  • Proficiency in English
  • Communication skills - should be able to read, interpret business documents. Good oral/written communication
  • Analytical and interpersonal skills
  • Data gathering ability/ Eye for detail
  • Team work/ Managing Self / Adaptability
  • Ability to work successfully in production driven environment
  • Ability to work on routine/standardized transactions

  • Knowledge about the Insurance / Re-insurance Industry in US
  • Knowledge about US Culture
  • Knowledge of AIG Loss Sensitive process and process applications

Essential Skills

  • Working knowledge of MS Excel
  • Accounting and computing skills

Desirable Skills

  • Self disciplined and result oriented
  • Ability to multi task
  • Ability to work effectively as part of a team

Other duties as assigned

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