Senior Associate at EXL in Pune, Maharashtra, India

ExperiencedOn-siteFull-timePune, Maharashtra, India

Job Description

Senior Associate

Location: Pune, Maharashtra, India

We are seeking a candidate with strong knowledge of the Lloyd's of London Insurance Market and hands-on experience in Premium Booking and Endorsement Processing. The candidate will be responsible for accurate premium processing, interpreting insurance documentation, and supporting team knowledge calibration and audit activities.

Lloyd's of London Syndicate Operations

London Market Insurance
UK Commercial Insurance
Premium Processing and Policy Administration
Strong understanding of the Lloyd's of London Insurance Market.
Excellent MRC reading and interpretation skills.
Hands-on experience in Premium Booking and Endorsement Processing.
Good knowledge of UK Insurance market functions, mechanisms, and workflows.
Understanding of the end-to-end insurance processing cycle.
Familiarity with underwriting and policy documentation

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.

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

EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company. We partner with clients using a data and AI-led approach to reinvent business models, drive better business outcomes and unlock growth with speed. EXL harnesses the power of data, analytics, AI, and deep industry knowledge to transform operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 54,000 employees spanning six continents. For more information, visit www.exlservice.com.

EXL never requires or asks for fees/payments or credit card or bank details during any phase of the recruitment or hiring process and has not authorized any agencies or partners to collect any fee or payment from prospective candidates. EXL will only extend a job offer after a candidate has gone through a formal interview process with members of EXL’s Human Resources team, as well as our hiring managers.