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    Specialist - Reinsurance Operations - Mumbai, India - Marsh McLennan

    Marsh McLennan
    Marsh McLennan Mumbai, India

    4 days ago

    Default job background
    Accounting / Finance
    Description

    Entity: Guy Carpenter

    As a part of the Guy Carpenter Client Support Services function of Marsh McLennan Global Services (MMGS) the colleague would support Operations team. The role will be based in Mumbai Hiranandani office. :

    Job Title: Specialist – Transactional Services

    What can you expect?

    • Understanding the reinsurance contract document
    • Setting up risk on system basis contract document/Broker Instruction sheets and generating covering letter (EOC) for the clients

    · Creating Premiums transactions & generate LPANs and closing instructions

    · Understanding/analysing the claims documents from the clients, setting up of claims on system, creating claims transactions & generating documents

    · Submission of documents to Reinsurers

    · Monitor the agreement, following up with clients and reinsurers

    · Handling enquiries from Reinsurers and clients

    We will count on you to:

    • Produce accurate client/Underwriter documentation associated with the respective processes within specified turnaround times
    • Update self with knowledge of the core product principles and regulations to align with the continuous learning culture at MMC
    • Ensure that all statutory and company regulations are followed while processing work to protect clients, colleagues and the business interests of the company
    • Contribute to the development of a supported and flexible working environment ensuring business needs are met at all times
    • Achievement of individual performance measures as outlined and targets set within performance appraisal as agreed with line manager
    • Understand and contribute to the achievement of individual and departmental Key Performance Indicators and Service Levels Agreements
    • Working towards enhancing customer/client experience whilst adding value to the respective end-to-end business process
    • Displaying professional communication skills at all levels within MMC and with external customers
    • Maintenance of relevant record / logs / timesheet & hygiene of work as required by management and for MIS purposes
    • Participate and attend any training programs or learning sessions as deemed necessary for enhancing job skills or nominated by managers
    • Constantly build technical expertise and business knowledge associated with the respective process as deemed necessary by line manager
    • Taking ownership of work queues and ensuring proper handover of work to team/line manager in case of absence from work
    • Support, assist and provide guidance to less experienced colleagues as needed
    • Participate and support manager in team meetings and activities to share opinions, ideas, knowledge and solutions; maintain strong working relationships and participate in initiatives and/or contribute where required to deliver outcomes.
    • Perform quality checks for less experienced colleagues as per standard guidelines as needed

    What you need to have:

    • Good written and verbal communication skills (mandatory)
    • Good Typing speed
    • Logical Reasoning and prioritization skills
    • Problem Solving and Analytical Skills
    • Proficient with MS outlook & MS Excel

    What makes you stand out?

    • Experience in interacting with international customers
    • Excellent presentation and MS office power point skills (preferred)
    • Good understanding of Insurance/Reinsurance business/processes
    • Good understanding of Risk & Financial regulatory bodies (preferred)
    • Experience in regulations that govern Insurance in our countries of operation (i.e. UK, US, Australia, Asia) (preferred)

    MARSH & MCLENNAN:

    Marsh McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 85,000 colleagues advise clients in 130 countries. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit , or follow us on LinkedIn and Twitter.

    Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, caste, gender identity or any other characteristic protected by applicable law.

    GUY CARPENTER:

    Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth.Our Mission is to be our clients most trusted and valuable broker and strategic advisor. For more information, visit and follow Guy Carpenter on LinkedIn and Twitter @GuyCarpenter.

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