Senior Consultant - Actuarial
Genpact
5 - 10 years
Noida
Posted: 3/5/2025
Job Description
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 Managers 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
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
About Company
Genpact is a global professional services firm that offers a wide range of digital transformation services and solutions. With a presence in over 30 countries, Genpact leverages its deep domain expertise in operations and analytics to help businesses transform their operations, improve efficiency, and enhance customer experience. The company combines digital technology, data science, and operational excellence to deliver business outcomes across various industries, including banking, insurance, manufacturing, and healthcare. Founded in 1997 as a subsidiary of GE, Genpact has grown into an independent, NYSE-listed company with a diverse workforce of over 90,000 employees globally.
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