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Associate Trainee

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WTW

Oct 31

Applications are closed

  • Internship
    Full-time
    Summer Internship
  • Data
  • Thane

Requirements

  • Designation: Trainee
  • Education: Graduation (Preferable Maths/Statistics / Commerce)
  • Location: Mumbai
  • Proven ability to work to high levels of accuracy & precision
  • Flexible and adaptable approach to changing demands
  • Good analytical skills to understand / interpret the information from data.
  • Insurance knowledge
  • Graduate (Preferable Math, Stats or Commerce)
  • Experience and good working knowledge of Microsoft Excel, particularly:
  • Creation of basic formulas
  • Look-up tables
  • Pivot tables
  • Insurance certification / Insurance projects in dissertation is preferable
  • Graduation (Preferable Maths/Statistics / Commerce)

Responsibilities

  • Process risks to ensure that all operational procedures have been complied with, geocoding levels are as per agreed standards, policy limits & deductibles have been correctly applied in Open Exposure
  • Work closely with the team undertaking Underwriting activities
  • Gain in-depth understanding of the structure of London-Market policies
  • To ensure exposure information is captured in a precise and accurate manner and within the timeline specified. Understand and put to practice the basic rules of exposure management.
  • Recognize and comprehend ground level data and associated policy coverages in excel and in allied software to carry out meaningful reporting. Perform data review, cleansing/scrubbing, geocoding, augmenting, validating, preparing exposure data for catastrophe risk analysis. Creating summary reports of client provided exposure.
  • Data Capture, reporting on a weekly / monthly duration, analysis of data for different lines of business including Offshore Energy account, Offshore Construction policies, property, terrorism, marine, construction, cargo, hull etc.
  • Use of third-party software for the capturing exposure information like insured values, financial limits & retention / deductibles for different lines of business.
  • Respond to brokers, clients, and reinsurers on issues and questions relating to data for risk analysis for natural and manmade catastrophes.

FAQs

What is the job title for this position?

The job title is Associate Trainee.

What educational background is preferred for this role?

Graduation in Maths, Statistics, or Commerce is preferable.

Where is this position located?

The position is located in Mumbai.

What are the key responsibilities of an Associate Trainee?

The key responsibilities include processing risks, working with the underwriting team, understanding London-Market policies, capturing exposure information, data review and reporting, and responding to queries related to risk analysis.

What skills are required for this position?

Key skills required include a strong ability to work with accuracy and precision, good analytical skills, and knowledge of insurance.

What software proficiency is expected for this role?

Experience and good working knowledge of Microsoft Excel, including formulas, look-up tables, and pivot tables are expected.

Is there a requirement for insurance knowledge for this job?

Yes, some knowledge of insurance is desired.

Do you require prior experience in insurance-related projects or certifications?

Yes, having insurance certification or involvement in insurance projects during one's dissertation is preferable.

What is the expected level of data analysis in this position?

The position requires data analysis on various lines of business, including reporting and understanding exposure for different types of accounts.

What qualities are sought after in candidates for this role?

Candidates should have a flexible and adaptable approach to changing demands and possess good analytical skills for interpreting information from data.

We transform tomorrows

Finance
Industry
10,001+
Employees
2016
Founded Year

Mission & Purpose

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help you sharpen your strategy, enhance organizational resilience, motivate your workforce and maximize performance.

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