Senior Specialist - Transactional Services in Reinsurance Operations

Marsh McLennan; Gurugram District; Hybrid; INR 1,200,000 - 2,400,000; Full time

Job summary

Marsh seeks aSenior Specialist - Transactional Services in Mumbai for a hybrid role. You will set up risk-on-system contractual documents, generate client letters, process premiums and claims, and coordinate with reinsurers while ensuring compliance.

Responsibilities include producing accurate client documentation, maintaining regulatory knowledge, and supporting a high-quality end-to-end process with strong communication to internal and external stakeholders.

Qualifications

• 5+ years of experience in reinsurance broking operations.
• Strong written and verbal communication skills.
• Experience with XOL, Premiums, Claims and treaty business.
• Strong logical reasoning and prioritization.
• Analytical problem-solving abilities.
• Experience with international clients.
• Proficiency in MS Office/PowerPoint.
• Knowledge of Insurance/Reinsurance processes.
• Familiarity with regulatory bodies in key operation countries (UK/US/Australia/Asia).

Responsibilities

• Produce accurate client/Underwriter documentation within turnaround times.
• Keep knowledge of core product principles and regulations up to date.
• Ensure compliance with statutory and company regulations while processing work.
• Support a flexible working environment to meet business needs.
• Achieve individual performance targets and KPIs.
• Contribute to customer experience and end-to-end processes.
• Maintain professional communication with MMC and external customers.
• Maintain records, logs, timesheets, and data hygiene.
• Participate in training programs and skill development.
• Build technical expertise and business knowledge.
• Take ownership of work queues and handover as needed.
• Support and guide less experienced colleagues.
• Participate in team meetings and share ideas; build relationships.
• Perform quality checks for less experienced colleagues.

Skills

Reinsurance broking

Communication skills

Technical insurance knowledge

Logical reasoning

Analytical skills

International clients

MS PowerPoint

Insurance regulations

Regulatory awareness

Tools

MS PowerPoint

Job description

Senior Specialist - Transactional Services Company: Marsh

Description: We are seeking a talented individual to join our Transactional Services team, part of our reinsurance and capital business at Marsh. 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.

Senior Specialist – Transactional Services

We’re seeking a Senior Specialist - Transactional Services who will be part of the reinsurance contract document. 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 the 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

We will count on you to:

• Produce accurate client/Underwriter documentation associated with the respective processes within specified turnaround times
• Update self with knowledge of the core product principles and regulations to align with the continuous learning culture at MMC
• 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
• 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
• Support, assist and provide guidance to less experienced colleagues as needed
• Participate and support manager in team meetings and activities to share opinions, ideas, knowledge and solutions; maintain strong working relationships and participate in initiatives and/or contribute where required to deliver outcomes
• Perform quality checks for less experienced colleagues as per standard guidelines as needed

What you need to have:

• 5+ years of experience in reinsurance broking in the operations area
• Good written and verbal communication skills (mandatory)
• The position requires technical expertise (XOL, Premiums, Claims, Facultative & Proportional Treaty business)
• Logical Reasoning and prioritization skills
• Problem Solving and Analytical Skills
• Experience in interacting with international customers
• Excellent presentation and MS office power point skills (preferred)
• Good understanding of Insurance/Reinsurance business/processes
• Good understanding of Risk & Financial regulatory bodies (preferred)
• Experience in regulations that govern Insurance in our countries of operation (i.e. UK, US, Australia, Asia) (preferred)

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 Marsh (NYSE: MRSH) is 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, visit marsh.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 Marsh (NYSE: MRSH) is 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, visit marsh.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.

Experience Level Senior Level