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Associate

EXL

Pune, Maharashtra, India

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About the role

Good to Have Basic Insurance Understanding and Preferred Domain Experience

  • Lloyd's of London Syndicate Operations
  • London Market Insurance
  • UK Commercial Insurance
  • Premium Processing and Policy Administration

Key Responsibilities

  • Process and book premiums accurately in line with Lloyd's market guidelines and company procedures.
  • Review and interpret MRC (Market Reform Contract) documents and related insurance documentation.
  • Handle endorsement booking and policy amendments with high accuracy.
  • Understand and execute activities across the complete UK Insurance Lifecycle, including:
    • New Business
    • Endorsements
    • Renewals
    • Cancellations
    • Premium Adjustments
  • Ensure compliance with Lloyd's and London Market standards.
  • Perform quality checks and assist in resolving processing discrepancies.
  • Support audit requirements by providing documentation, explanations, and process clarifications.
  • Assist team members with knowledge sharing, process training, and calibration sessions.
  • Maintain productivity and quality standards while meeting turnaround time targets.
  • Graduate in any discipline.
  • Prior experience in Lloyd's Syndicate Operations, Premium Processing, or Insurance Back-office Operations will be preferred.