Trainee - Reinsurance Accounting and Reporting

Ready to shape the future of work?  

At Genpact, we don’t just adapt to change—we drive it. AI and digital innovation are redefining industries, and we’re leading the charge. Genpact’s AI Gigafactory, our industry-first accelerator, is an example of how we’re scaling advanced technology solutions to help global enterprises work smarter, grow faster, and transform at scale. From large-scale models to agentic AI, our breakthrough solutions tackle companies’ most complex challenges.  

If you thrive in a fast-moving, tech-driven environment, love solving real-world problems, and want to be part of a team that’s shaping the future, this is your moment. Genpact (NYSE: G) is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally. Through our deep business knowledge, operational excellence, and cutting-edge solutions – we help companies across industries get ahead and stay ahead. Powered by curiosity, courage, and innovation, our teams implement data, technology, and AI to create tomorrow, today. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook. 

Inviting applications for the role of Domain Trainee-Reinsurance Accounting & Reporting 

Responsibilities: 

• Technical Accounting – Manage accounting for all Local and Syndicate entities, ensuring accurate and compliant reporting of reinsurance transactions 

• Premiums – Process written and earned premiums, perform Acumen validation, handle premium adjustments and reconciliations in accordance with accounting policies 

• Losses & Reserves – Post IBNR and loss schedules (e.g., held reserves), validate movements, and support actuarial inputs for reserve accuracy 

• Expenses & DAC – Account for Deferred Acquisition Costs (DAC), operating, and administrative expenses with proper allocation and documentation 

• Financial Close Activities – Perform month-end closing, including profit commission, intercompany settlements, UK GAAP adjustments, FX proofs, and currency balance sheet reconciliations 

• Reporting & Analysis – Prepare lead schedules for P&L and Balance Sheet, consolidation packs for multiple affiliates, and recharge journals where applicable 

• Debtors & Controls – Oversee aged debtors and broker reconciliations, ensuring timely resolution, control adherence, and data accuracy across reporting cycles 

• Continuous Improvement & Controls – Strengthen process controls, identify automation opportunities, and drive consistency and efficiency across Reinsurance operations 

Minimum Qualifications: 

• Commerce Graduate / Postgraduate 

• Relevant years of experience in managing F&A RTR Reinsurance processes 

Experience in working with an insurance client is must 

Preferred Skill Set: 

• Thorough knowledge of Insurance / Reinsurance business 

• Understanding of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) 

• Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables) 

• Strong communication skills, with the ability to clearly and succinctly articulate issues to senior management 

• Excellent analytical skills with an attention to detail 

• Self-starter, with ability to work under own initiative 

• Strong time management skills 

• Integrity, with an ability to handle confidential information 

Why join Genpact?  

• Be a transformation leader – Work at the cutting edge of AI, automation, and digital innovation  

• Make an impact – Drive change for global enterprises and solve business challenges that matter  

• Accelerate your career — Get hands-on experience, mentorship, and continuous learning opportunities  

• Work with the best – Join 140,000+ bold thinkers and problem-solvers who push boundaries every day  

• Thrive in a values-driven culture – Our courage, curiosity, and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress Come join the tech shapers and growth makers at Genpact and take your career in the only direction that matters: Up.  

Let’s build tomorrow together.  

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, colour, 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. 

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.