Skill required: Property & Casualty- Underwriting Support - Underwriting
Designation: Underwriting New Associate
Qualifications:Any Graduation
Years of Experience:0 to 1 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do? We help insurers redefine their customer experience while accelerating their innovation agenda to drive sustainable growth by transforming to an intelligent operating model. Intelligent Insurance Operations combines our advisory, technology, and operations expertise, global scale, and robust ecosystem with our insurance transformation capabilities. It is structured to address the scope and complexity of the ever-changing insurance environment and offers a flexible operating model that can meet the unique needs of each market segment. Define Insurance policy and calucating premium including terms and condition for P*C A process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing either equity or debt securities. Underwriting services are provided by some large specialist financial institutions, such as banks, insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee.
What are we looking for? • In this role, one should be able to collaborate well with Underwriters, Onshore Managers, and Brokers as needed to be able to get closures on missing support documentation • Ensuring the accuracy, completeness, and timely administration of Insurance policies after underwriting decisions are made • Supporting the Underwriting team by handling post-approval documentation, policy issuance, endorsements, system updates, and customer/broker communications • Identify the incoming premium payment / funds to match and apply to specific policies or accounts • Analyze unallocated cash daily and reach out to UWs/ Brokers when payments can’t be matched • Monitor trends in unallocated cash to identify recurring issues and report to finance and audit functions • Booking and Issuance of binders / policies, endorsements & cancellations per defined timelines • Track premium booking and policy issuance to ensure LOB metrics are met Proficient in MS excel • Proficient in English (written & verbal)
Roles and Responsibilities: •In this role you are required to solve routine problems, largely through precedent and referral to general guidelines • Your primary interaction is within your own team and your direct supervisor • In this role you will be given detailed instructions on all tasks • The decisions that you make impact your own work and are closely supervised • You will be an individual contributor as a part of a team with a predetermined, narrow scope of work • Please note that this role may require you to work in rotational shifts
Any Graduation