Consultant - Actuarial

*

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose the relentless pursuit of a world that works better for people we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.
Inviting applications for the role of Assistant Manager/ Consultant/ Senior Consultant - Actuarial
In this role, you will work closely with team leaders in Actuarial teams to drive closure to the projects. You will also work on technical documentation for the changes made in the model. You will complete your deliverables with a proactive and problem solving approach with good logical reasoning ability. You will be encouraged to have good client management skills and analytical skills. You also need to work on model coding and model maintenance for the issues identified as part of the research log.
Responsibilities
1. Process Support:
a. Support implementation of the LDTI (Long Duration Targeted Improvements) for US client. This includes Actuarial process transformation from Data requirements, Actuarial Modelling and testing, deploying models to Valuation production environment.
b. Perform tasks/projects/analysis assigned to him/her by the Client process manager.
c. Act as a Doer / Checker producing commentary with detailed analysis to support the results.
d. Value Generation - Pro-actively seek ways to improve efficiency and calibrate with Genpact Offshore team and Client process owners for their direction and prioritization to execute any process improvements.
e. Produce and review the documents (technical or otherwise) that the team produces to ensure they adhere to the guidance provided by the Client process owner.
f. Support team leads for business initiatives and projects as per Client Process Manager s preference and priority - participate as needed for providing process improvement opportunities to Client business owners
g. Understand end-to-end working of the actuarial process.
h. Identify potential areas of support for the offshore team
i. Coordinate with Client and Genpact leaders on expectations, priorities, transitioning work to offshore.
j. Perform process tasks and activities as needed to maintain knowledge, serve as back up and balance workload.
k. Create knowledge repository building through process documentation.
2. Program/process Governance:
a) Produce and follow all process and project related deliverables include defined controls and supporting evidence meet agreed upon requirements
b) Follow governance practices are in place and adhered too daily/weekly/monthly status reporting of team activities against the program plan or schedule
c. Establish working relationships within the Client environment across other actuarial functions, finance, IT and project management teams.
d. Timely escalation of issues requiring attention to Genpact leadership/Client process owners; create necessary action plans

Qualifications we seek in you
Minimum qualifications
BS/BA Degree in actuarial science, mathematics, statistics and/or related major
Good Actuarial exam progress (4+ Actuarial exams cleared) with relevant experience in life/annuity insurance or financial services industry
Proven analytical and problem-solving skills
Demonstrated ability to manage concurrent deadlines and multiple priorities
Demonstrated ability to manage through influence and build long term trust
Strong communication skills (verbal and written)
Preferred qualifications
US ASA equivalent with relevant experience in Life & Annuity insurance industry
Strong actuarial work experience and understanding of US life products & Knowledge of US regulations - GAAP, STAT, and Tax reporting concepts
Specific knowledge of tools Any actuarial modeling tool (preferably PolySystems, AXIS or MGAlfa), Excel, VBA, SQL, Word, PowerPoint
Knowledge of actuarial modeling, preferably for US products

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, 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 diversity and inclusion, respect and integrity, customer focus, and innovation. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook.
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.