Assistant Manager- London Market/ Delegated Underwriting Authority

Genpact

5 - 10 years

Noida

Posted: 08/07/2025

Job Description

Responsibilities

Interpret and analyse various types of LPANs and ensure accurate data entry and processing.
Calculate and validate Gross to Net Premium including adjustments for brokerage, taxes, IPT, and other factors.
Possess strong working knowledge of tax types including Additional Taxes, Deductible Taxes, and Stamp Duties.
Handle IMR (Insurers Market Repository) and ECF (Electronic Claims File) applications with attention to detail.
Demonstrate understanding of Signed Lines vs Written Lines, and how they affect premium allocation.
Analyse and process Bordereaux submissions in line with internal and regulatory standards.
Ensure accurate handling of key premium terms such as Gross Premium, Net Premium, Brokerage, IPT, and Rate of Exchange (ROE).
Apply strong analytical and mathematical skills to perform complex premium and tax calculations.
Support underwriting, claims, and finance teams by providing accurate and timely technical analysis.

Minimum Qualifications

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.
Fluent 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
Preferred with certification on one of the streams i.e. CII London i.e. ALMI, FIT or Cert CII or equivalent or AINS, CPCU certification
Experience with London Market systems (e.g., LIMOSS, PPL) desirable
Prior experience with multinational insurance or reinsurance firms preferred

About Company

Genpact is a global professional services firm that offers a wide range of digital transformation services and solutions. With a presence in over 30 countries, Genpact leverages its deep domain expertise in operations and analytics to help businesses transform their operations, improve efficiency, and enhance customer experience. The company combines digital technology, data science, and operational excellence to deliver business outcomes across various industries, including banking, insurance, manufacturing, and healthcare. Founded in 1997 as a subsidiary of GE, Genpact has grown into an independent, NYSE-listed company with a diverse workforce of over 90,000 employees globally.