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- Tasks: Lead teams in the London Market Underwriting, focusing on performance and analytics.
- Company: Genpact is a global leader in professional services, transforming enterprises with innovative solutions.
- Benefits: Enjoy a dynamic work environment with opportunities for mentorship and career growth.
- Why this job: Join a purpose-driven company that values curiosity, innovation, and making a positive impact.
- Qualifications: Graduates from any stream are welcome; knowledge of underwriting lifecycle is essential.
- Other info: Genpact promotes diversity and does not charge fees for job applications.
The predicted salary is between 24000 - 36000 £ per year.
Job Description – Domain Trainee- Underwriting (London Market) (INS027364)
Domain Trainee- Underwriting (London Market) – INS027364
Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.
Inviting applications for the role of Domain Trainee/Management Trainee – London Market Underwriting!
In this role, you will be responsible for leading teams and service level target’s role for P&C Insurance Business. Facilitating goal-level creation for the team in line with Business goals and works with managers to ensure the goals are cascade to all associates. Guiding the talent identification and development process for the team. You will be encouraged to be focused on the Business goals/challenges and know how to seek these using analytics and technology.
Responsibilities
• Knowledge of Market Reform Contract (Slip), it\’s sections and details such as written line, Sign Line etc. as well as carrier generated policy documentation.
• Exposure to London Market i.e., Company and Bureau markets is preferable.
• Lead teams and service level targets. Providing mentorship to direct reports, comprised of Domain Experts and Assistant managers.
• Monitor, analyses, and report on trends in the key underwriting performance drivers
• Leading weekly/monthly/quarterly discussions on operations with UK partners
• Understanding of risks faced by the function and the controls in place to balance and mitigate the risks.
• Ensuring clarity around priorities and goals for the entire functional area
• Ability to function effectively in a team environment exercising good judgment.
• Working with senior management and other peers for strategy development and execution planning
• Approving hiring and redeployment requests within his/her group
Qualifications we seek in you!
Minimum Qualifications
• Graduate in any stream except Technical
• Should have wing to wing knowledge of the Underwriting lifecycle Must demonstrate and further customer focus, partnership, accountability, initiative, and innovation.
Preferred Qualifications/ Skills
• Preferred with certification on one of the streams i.e., CII London i.e., ALMI, FIT or Cert CII or equivalent or AINS, CPCU certification.
• Ability to think long-term strategically and operationally.
• High customer service orientation.
• Excellent interpersonal skills with full understanding of UK insurance U/W and claims cycle dynamics and Lloyd’s market.
• Excellent written and verbal English.
• Strong statistical knowledge
• Highly motivated and achievement oriented
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com . Follow us on Twitter, Facebook, LinkedIn, and YouTube.
Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a \’starter kit,\’ paying to apply, or purchasing equipment or training.
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Domain Trainee- Underwriting (London Market) employer: Genpact
Contact Detail:
Genpact Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Domain Trainee- Underwriting (London Market)
✨Tip Number 1
Familiarise yourself with the London Market and its specific practices, especially the Market Reform Contract (Slip). Understanding its sections and details will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the underwriting field, particularly those who work within the London Market. Attend industry events or join relevant online forums to gain insights and make connections that could help you stand out.
✨Tip Number 3
Consider obtaining relevant certifications like CII London or AINS. These qualifications not only enhance your knowledge but also demonstrate your commitment to the field, making you a more attractive candidate.
✨Tip Number 4
Prepare to discuss your understanding of risk management and how it applies to underwriting. Being able to articulate your thoughts on balancing risks and controls will show your strategic thinking capabilities.
We think you need these skills to ace Domain Trainee- Underwriting (London Market)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Domain Trainee position. Familiarise yourself with the underwriting lifecycle and the specifics of the London Market.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise any knowledge of the underwriting process, customer service orientation, and any certifications you may have.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to lead teams, analyse performance trends, and your understanding of the UK insurance market.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that your writing is clear and professional. This reflects your attention to detail, which is crucial in underwriting.
How to prepare for a job interview at Genpact
✨Understand the Underwriting Lifecycle
Make sure you have a solid grasp of the underwriting lifecycle, as this is crucial for the role. Be prepared to discuss how each stage works and how you can contribute to improving processes.
✨Familiarise Yourself with Market Reform Contracts
Since knowledge of Market Reform Contracts (Slips) is essential, take some time to review their sections and details. Being able to explain these concepts during your interview will demonstrate your preparedness and understanding of the industry.
✨Showcase Your Analytical Skills
The role requires a focus on analytics and technology to identify business goals and challenges. Prepare examples of how you've used data analysis in previous roles or projects to drive decisions or improvements.
✨Demonstrate Leadership Potential
As you'll be leading teams, it's important to convey your leadership style and experience. Think of specific instances where you've mentored others or led a project, and be ready to share these stories to highlight your capability.
