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Inviting applications for the role of Manager, 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.
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1. Technical 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. Provide technical support to the offshore team in performing all tasks/projects - Serve as the subject matter expert (SME)
c. 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.
d. 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
e. Lead by example - drive consistency in expected behaviors.
2. Process Support
a. Perform tasks/projects/analysis assigned to him/her by the Client process manager.
b. Act as a checker / reviewer producing commentary with detailed analysis to support the results.
c. 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
d. Understand end-to-end working of the actuarial process.
e. Identify potential areas of support for the offshore team
f. Coordinate with Client and Genpact leaders on expectations, priorities, transitioning work to offshore.
g. Perform process tasks and activities as needed to maintain knowledge, serve as back up and balance workload.
h. Create knowledge repository building through process documentation
2. Program/process Governance:
a) Ensure all process and project related deliverables include defined controls and supporting evidence meet agreed upon requirements
b) Ensure agreed upon 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
. BS/BA Degree in actuarial science, mathematics, statistics and/or related major
. Partially Qualified Actuary (5+ 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)
. 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. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.