Senior Specialist - Transactional Services

Guy Carpenter is seeking candidates for the following position based in the Mumbai office:

Job Title: Senior Specialist – Transactional Services

What can you expect?

• Strong understanding of Reinsurance principles, Reinsurance contracts and market practices.
• Dealing with complex Reinsurance placements, 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 complex 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
• Assist in quick settlement of funds to clients and reinsurers

What is in it for you?

• Solid platform to demonstrate your leadership skills
• Build strong network across our organization
• Enhance your skills via various development programs offered in-house
• All benefits as per the location HR policy will be applicable

We will count on you to:

• Assisting Junior Technicians with technical queries and troubleshooting systems issues.
• Ensure that own work and the work of the Junior Technicians are processed accurately and in accordance with internal and external Key Performance Indicators (KPIs)/Service Level Agreements (SLAs).
• Produce all necessary documentation per market requirements to support the advice of claims to the market and the collection and payment of funds to/from Clients and Underwriters.
• Maintain accurate records of all communications (written only) with Clients (internal and external) and Underwriters and ensure that e-filing is per written procedures.
• Ensure that all statutory regulations and company procedures are adhered to in line with the Operating Policies & Guidance Manual/Operating Procedures Manual/Claims Procedures.
• Appropriate use of internal systems and controls.
• A good understanding and processing capability in systems and ECF and ability to work on the London IMR.
• 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. Conduct training to team members on complex reinsurance terms and practices to improve knowledge of the team.
• 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

What you need to have: 

• Experience in Reinsurance domain (minimum 5 years)
• Basic understanding of Insurance principles, terminologies and Reinsurance concepts and practices
• 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 (preferred)
• Excellent presentation and MS office power point skills (preferred)
• Basic understanding of Risk & Financial regulatory bodies (preferred)
• Experience in regulations that govern Insurance in our countries of operation (i.e. UK, Australia, Asia) (preferred)

Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,500 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. Guy Carpenter is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. The company’s 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow us 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.