Specialist - Insurance Operations

Reposted 9 Hours Ago
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Building End, Uttlesford, Essex, England, GBR
In-Office
Entry level
Professional Services • Consulting
The Role
Process insurance-related documentation and data (loss runs, summaries), meet SLAs/KPIs and quality targets, complete required training, follow regulatory and company procedures, communicate status to managers, and adhere to assigned shifts and schedule requirements.
Summary Generated by Built In
Company:Marsh

Description:

MMA-Insurance Operations

Gurugram Location

Specialist – Insurance Services (Grade C1)

What can you expect:

  • Excellent exposure to complex & diverse insurance handling work.
  • Opportunity to enhance insurance knowledge and understanding & build on client management skills.
  • As a new colleague, you will be provided with Business Overview/Insights, in-depth process training, roles & responsibilities overview, expectations of various stakeholders to make you successful in this role.
  • Within the first 30 days, we expect you to gain good understanding of the role and requirement that it entails. Within 60 days, attain competency & have a good understanding of process and systems & finally within 90 days be able to handle the work processing with limited support

What is in it for you?

  • Holidays (As Per the location – the final decision will depend on business requirements at that time)
  • Shared Transport (Provided the address falls in accepted service zone)

We will count on you to:

  • Process and self-Management:
  • Contribute to achieving Service Level Agreements (SLAs), Key Performance Indicators (KPIs) and business objectives
  • Adheres to Company policies and is always complying.
  • Maintains performance standards. 
  • Updates reports based on predefined templates on a regular basis to ensure accurate entry
  • Maintains a basic understanding of the core aspects of relevant Insurance and related legislation
  • Completing all training related activities when assigned
  • Cognizant of completing all assigned activities within the stipulated time
  • Ensuring all production targets are met in training
  • Ensuring all production targets are met in BAU (Post training)
  • Ensuring all Quality targets are met in training
  • Ensuring all quality targets are met in BAU (Post training)
  • Communicate status of work, any issues with team managers and manager on time
  • Schedule adherence is a must
  • No unplanned leaves
  • Ready to work in below shifts:
    • 6.30AM to 3.30PM
    • 2:30 PM to 11:30 PM
    • 6:30 PM to 03:30 AM
  • Your hiring manager and HR will inform you the shift requirement for the team you are interviewing for.
  • Compliance, Regulatory and Procedural Responsibilities
  • Ensure that all statutory regulations and company procedures are followed to protect clients, colleagues and the business interest of the company
  • Demonstrate clear understanding of regulatory requirements
  • Proactively ensures compliance with regulatory and risks framework
  • Adheres to policies, guidelines and operating procedures
  • Keeps own knowledge and expertise up to date and relevant
  • Identifies and evaluates risks appropriately. Recognizes how own actions impact on compliance

What you need to have:     

  • Prior years of work experience in Loss Runs / Loss Summary - Preferrable
  • Graduate in any stream
  • Fair understanding of Insurance Broking business and dynamics
  • Good command over spoken and written English
  • Superior comprehension and articulation skills
  • Ability to prioritize and organize tasks, work within stiff timelines
  • Eye for detail and innovative mindset
  • Basic knowledge of MS Office
  • Willingness to learn and adapt to changes

What makes you stand out:

  • Insurance certification from The Institutes, USA
  • Post-Graduation/Certificate Courses in Insurance
  • Any prior experience on any insurance process

  

While the above are basic requirements mentioned, the role may not be limited to only these listed.

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.

Skills Required

  • Prior experience with Loss Runs / Loss Summary
  • Graduate in any stream
  • Understanding of Insurance Broking business and dynamics
  • Good command of spoken and written English
  • Strong comprehension and articulation skills
  • Ability to prioritize, organize tasks and meet tight timelines
  • Attention to detail and innovative mindset
  • Basic knowledge of MS Office
  • Willingness to learn and adapt to change
  • Adherence to schedule, no unplanned leaves, and availability for assigned shifts
  • Complete assigned training and meet production and quality targets
  • Awareness of regulatory and compliance requirements relevant to insurance operations
  • Insurance certification from The Institutes, USA
  • Post-graduation or certificate courses in Insurance
  • Any prior experience on insurance processes
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The Company
HQ: New York, New York
9,026 Employees

What We Do

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 7,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC].

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