Domain Trainee, Technical Accounting
Genpact
0 - 3 years
Gurugram
Posted: 13/03/2025
Job Description
Responsibilities
Identification, validation, and processing of technical statements of account for all types of business (Proportional, Non-Proportional Treaty business, and FAC Business)
Must be having good understanding of technical verification of accounts within the
context of our validation framework and contract wording.
Handling of financial transactions related to statements of account, claims payments, & reconciliation of broker statements
Accounting / reporting of collateralized amounts to ensure compliance with contract
requirements.
Calculation of reinstatement premiums, reserving, Portfolio In/Out, Premium
adjustments, deposit retain/release, Headline Loss (Large Losses) adjustments, profit
commissions, sliding scale, no claims bonus & other fees in accordance with contract terms.
Supporting quarter close by assuring high levels of data quality on client reported figures & actively participate in close process with multi-GAAP (e.g. close open worksheets, validate Loss Sensitive Features, work closely with Finance, handle queries from management, external and internal auditors)
End to end understanding of Unallocated cash and Aged receivable clearance life cycle
Liaise with external and internal clients in resolving data issues.
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.
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