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| Job Location | Gurugram |
| Education | Not Mentioned |
| Salary | Not Disclosed |
| Industry | Insurance |
| Functional Area | Finance / Accounts / Tax |
| EmploymentType | Full-time |
*Techical Operations team in is plays a pivotal role within the Ceded Reinsurance function. We are responsible for the setting up of the Reinsurance contracts in the source systems followed by premium processing and collaborating with Ceded Re-Technical Accounting team for for the payment of ceded premium to the reinsurers. Further to this, Technical Operations team is also responsible for the identification, application & calculation of the reinsurance recovery followed by posting of the same in the source systems. The team collaborate with ineternal departments i.e underwriting, claims, actuaries etc and also handles quries form brokers & reinsurers. The work within Technical Operations is structuered by different line of busiess i.e Specialty, Property, casualty and Professional lines. DISCOVER your opportunity What will your essential responsibilities include Set up/review of reinsurance policy in the legacy systems after reviewing the RI contract in legacy reinsurance systems. To review, analyze quota share reinsurance premium. Coordination with both RI claims and Underwriters followed by preparation of reinsurance statement of account. Checking RI applicability on gross claim movements. Calculation/review of Reinsurer s share of claims for FAC Prop & simple XOL contracts. Creating/reviewing Initial loss notifications,collection notes, responses etc to be sent to reinsurers Processing/reviewing the claims recoveries in Genius/the Frame/ProCede/ recoveries calculated offsystem Reviewing & resolving the Broker/Reinsurers queries in regards to the claims ceded to them. Provide relevant process reports on timely basis along with ensuring accuracy of the reports, *We re looking for someone who has these abilities and skills: Essential ability to follow/modify/create processes/procedures manuals Self-motivated with good use of time management skills Flexible, able to deal with changing priorities Ability to work in a team environment Accuracy and thoroughness in all operational task (should have an eye for detail ) Client service attitude & experience Accuracy and thoroughness in all administration/operational tasks Confidence to raise issues with local management without delay Ability to adapt to change and multi-Tasking Competency
Keyskills :
insurancelegacy systemscustomer relationsmanualsslaunderwritingmanagement skillsclaimsrecoveryclient servicetime managementsettechnical operationsfinancial justificationresearchpivotal