We are seeking a talented individual to join our Operations team at MarshRe. This role will be based in Mumbai. This is a hybrid role that has a requirement of working at least three days a week in the office.
Senior Specialist – Transactional Services
We’re seeking a Senior Specialist - Transactional Services who will be part of 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
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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:
5-8 years of experience in reinsurance broking in the operations area
Good written and verbal communication skills (mandatory).
The position requires technical expertise (XOL, Premiums, Claims, Facultative & Proportional Treaty business)
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)
Why join our team:
We help you be your best through professional development opportunities, interesting work and supportive leaders.
We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
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