Company:Guy CarpenterDescription:
Senior Specialist
What can you expect?
- An opportunity to understand end to end lifecycle of Re-insurance Broking
- Strong understanding of Reinsurance principles, Reinsurance contracts and market practices
- A place to enhance your knowledge and leadership skills
- Immense opportunity to lead Change Management initiatives as teams are undergoing system/process migration
- Within the first 30 days, we expect you to gain in-depth knowledge of the service you would handle & understand the role requirements. Within 60 days, attain competency & have a good understanding of process and systems & finally within 90 days be able to technically lead the team with limited support
- Lead discussions with Clients / Re-insurers / Client Executives as well as Placing brokers
What is in it for you?
- Solid platform to demonstrate your technical skills
- Build strong technical connects across our organization
- Enhance your skills via various development programmes offered in-house
- All benefits as per the location HR policy will be applicable
We will count on you for:
Core accountabilities:
- Processes cash receipts and disbursement of fiduciary funds and reconciliations responding to resulting queries
- Responds to requests from various stakeholders and appropriately escalates issues
- Supports personal cash processing and fiduciary targets, including the use of Key Performance Indicators (KPIs) to facilitate reporting from the CSS Dashboard and other system tools
- Coordinates with Client / Market Teams at regular intervals to review and assign balances, and to assist with collection of funds
- Establishes Client and/or market relationship on assigned portfolio
- Builds on technical reinsurance knowledge, and applies past learnings and experiences to solve problems
Technical Development:
- Lead/Participate in knowledge sharing forums across all the Practices
- Provide insights into complex technical jargons and clarify procedures.
- Lead authorization/sign off and approvals on technical reports and documentation
- Actively take path in the Business Continuity and Business Impact Analysis including a detailed mitigating plan.
- Participate in System Release Testing (Enhancement, Regression, report bugs)
- Mentor and train team members to grow technically and professionally within the organisation
Financial Performance
- Lead various Financial KPI (Cash, Funding, Income Exposure, Receivables, Retentions, Claims Collections, etc) review to drive continuous improvement and identify area for improvement.
- Ensuring Working Capital improvement and Bad Debt provisioning requirement well below the existing provision.
- Drive complex account/portfolio with a proper account notes / memo highlighting servicing methodology and key concepts/protocols followed for business continuity.
- Leading financial delivery for the team/BU / entities assigned and provide operations dashboard and metrics to show trends, figures and business insight.
Risk & Compliance:
- Ensure Compliance adherence to internal and external regulators guidelines
- Participate in Internal/External audits at Team Level and ensure team adherence to various compliances mandates
Knowledge and Skills:
- Experience of Insurance / Reinsurance Accounting in London Market, Asian market OR US Markets.
- Knowledge of Broking business and the Insurance / Reinsurance terminologies.
- Know-how of markets/legislations/regulators/procedures governing our business
- Technical aptitude, analytical skills and ability to acquire subject matter expertise on existing and new processes
- Attention to detail is vital to succeed in this role
- Well-read and updated on recent developments and happenings impacting our business
- Good written and verbal communication skills
- Ability to prioritise and organise tasks, work within stiff timelines
- Ability to work independently and as part of the team
- Good command on MS Office applications (MS-Excel, MS-Word)
- Experience working in a team environment, where influence is required to get work done
- Experience handling multiple client requests
Education:
Graduate (Commerce, Banking & Insurance, and Finance preferable)
Eligibility:
- 4+ years of experience in insurance broking in the operations / finance areas
- Should have undertaken the responsibility of coaching / mentoring team members.
Desirable:
- Experience in Insurance Broking Accounts/Fiduciary function
- Fiduciary account management experience
- Client and/or market facing experience
What makes you stand out?
- CII certification
- Post-Graduation/Certificate Courses in Insurance
- Adaptable communicator, facilitator, influencer and problem solver
- Excellent Team Management Skills
- Good relationship skills, Proven ability to work on own initiative as well as in a team
- Ability to multi-task and prioritize time effectively
- Experience in regulations that govern Insurance in our countries of operation (i.e. UK, Australia, Asia) (preferred)
Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.Marsh McLennan 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 McLennan 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 McLennan 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.
