Company:
Guy Carpenter
Description:
We are seeking a talented individual to join our Fiduciary team at Guy Carpenter, a Marsh business. 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.
Specialist – Fiduciary
We’re seeking a colleague to ensure seamless accounting of Fiduciary portfolio assigned for either Client / Insurer or Third Party agents (Commission Agents). Accountable for collection and settlement of premiums/Claims from/to Client / Re-insurer and ensuring resolution of queries if any. Ensuring highest proficient handling as per Fiduciary perspective and accuracy for the accounts assigned
We will count on you to:
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 Accounting in London Market, Asian market OR US Market.
- Knowledge of Broking business and the Insurance 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)
What you need to have:
- Experience of Insurance Accounting in London Market, Asian market OR US Market.
- Knowledge of Broking business and the Insurance 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)
- 3+ years of experience in insurance broking in the operations / finance areas
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
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.
At Guy Carpenter, a Marsh business, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.
Guy Carpenter is a business of Marsh (NYSE: MRSH), 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 about Guy Carpenter, visit guycarp.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.