Process Specialist, Central Operations

2 - 5 years

3 - 7 Lacs

Posted:2 weeks ago| Platform: Naukri logo

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Work Mode

Work from Office

Job Type

Full Time

Job Description

What youll be DOING

What will your essential responsibilities include?

  • Setting up/amending reinsurer/brokers/Captive name in Genius Application for global use.
  • Additions and amendments to bank details to Major participant (Broker/Reinsurer/Captive).
  • Setting up LORS Code in Frame Application for Syndicate business.
  • Update rate of exchange for Facultative business as per the request from Middle office/Underwriters.
  • Temporary addition or amendment to list of currencies for Reinsuer/Broker/Captive as per request from Technical Accounting within Ceded Reinsurance (Treaty Business).
  • Update rate of exchange for Treaty business as per the request from Technical Accounting within Ceded Reinsurance.
  • Input FX rates in the system for global use. Support the integration of any new processes into the Ceded Central Operations team.
  • Performing monthly exercises for Name and Address Download, Audit Trail and Xchange rates.
  • Managing Reinsurance documents to get signatues of all internal stakeholders/entities as per request from placement team.
  • Collation and management of procedure manuals and process documentation.
  • Ensure compliance towards all regulatory & system controls.
  • Handling of adhoc queries related to the process on regular basis.
  • Identify process improvements and make and implement recommendations to streamline the process.

You will report to Deputy Manager, Ceded Central Operations Management.

What you will BRING

Were looking for someone who has these abilities and skills:

Required Skills and Abilities:

  • Graduate with relevant years of experience in operations or reporting or Technical Accounting.
  • 1230 to 2100 Hours (UK Hours) - The incumbent is required to be flexible in order to accommodate occasional requirements.
  • An individual with a robust understanding of Reinsurance contract language is essential.
  • Prepared to demonstrate self-motivation in order to develop an outstanding understanding of Reinsurance contract language. Also, proven ability to multi task and prioritise effectively.
  • Any experience to Solvency II or regulatory reporting will be an added advantage.

Desired Skills and Abilities:

  • Good project management skills - planning, coordination, sharing status/update on regular intervals and execution.
  • Excellent communication skills to include very high grade English language skills .
  • High degree of accuracy and attention to detail.
  • Experienced and pro-active/proficient in recognising requirements and providing quality service.
  • Effective stakeholder management in order to drive the project forward and ensure milestones are met .
  • Proficient in Microsoft Office particularly PowerPoint, Outlook, Word and Advance Excel skills.
  • The Individual will demonstrate the following AXA Values and Commitments: Integrity, Communication, Flexibility, Problem Solving, Outcome Orientation.

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Axa Xl

Insurance and Reinsurance

Greenwich

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