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Assistant Manager - Actuarial

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Inviting applications for the role of AM, 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.

Are you the one we are looking for? Apply now!

Responsibilities

  1. Technical Leadership & Support:
  1. Provide technical support to the Valuation team supporting all close and non close processes
  2. Work with the Valuation team in completing monthly/quarterly valuation and analysis - Perform data extraction, reconciliation, model runs, calculation of policy liabilities and assist on analysis of reserving results on a monthly basis and quarterly basis
  3. Perform Annual statement and other annual reporting as directed by Client manager
  4. Ensure deliverables are prepared to satisfy the close & project requirements – Quality and on time
  5. Ensure agreed governance practices are in place and adhered too – daily /  weekly / monthly status reporting of team activities against the program plan or schedule
  6. Primary Do / Check responsibility for ~95-100% tasks processed by the Valuation team – provide review summary on results/outputs (Why these are ok)
  7. Responsible for doing process tasks and activities to remain in touch and also act as secondary doer back up on need basis
  8. Develop good understanding for all Valuation process activities managed by offshore team – not just run the processes but also understand end to end process and linkages of various process activities
  9. Work with the Onshore Client Process owner on offshore work planning - Close task allocation and non-close activities plan & other adhoc work asks (testing, improvements, regulatory / control asks)
  10. Responsible for day to day work management at Offshore -  task allocation against agreed work plans, re-assignments as needed, back up planning and end of day reporting of progress (more specifically during close days, frequency can vary to weekly in non close periods)
  11. Own & maintain Valuation Close task list, Project list and any Valuation adhoc task list – calibrate with Client onshore process owner as needed for updates and changes
  12. Timely escalate issues that need attention – to Genpact Leadership / Client process owners and work to create necessary action plansProvide technical and managerial leadership (need based) to the Genpact team in performing all tasks/projects - serve as the subject matter expert (SME).

2. Process Documentation:

  1. Ensure process documentation on all close tasks are updated and saved on specified sharedrive structure.
  2. Establish a process documentation structure that best serves the need to train a new hire and also provide step by step guidance to a doer / reviewer
    1. Template consistency
    2. Table contents – background, systems/files references, inputs-process-output, high level process flow, procedure notes,etc
    3. Version control & change management
    4. Storage & archiving past versions
  3. Create documentation for any new tasks (new transitions/new requirements)
  4. Seek necessary update and documentation sign off from onshore Client SMEs/ process owners
  5. Evaluate need for checklists and reminders for specific tasks/activities that help in minimizing errors/rework & improve review and doer efficiency

 

3. Other responsibilities:

  1. Work with functional managers and Genpact leadership to obtain necessary staff to support the team’s requirements – Need based
  2. Support business initiatives and projects as per Client’s preference and priority
  3. Pro-actively seek ways to improve the efficiency and calibrate with Client process owners to maximize the value-add of the valuation team
  4. Establish working relationships within the Client environment across other actuarial functions, finance, IT and project management teams

Qualifications we seek in you

Minimum qualifications

  • BS/BA Degree in actuarial science, mathematics, statistics and/or related major
  • Partially Qualified Actuary (3-4 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

  • Strong Life actuarial work experience and understanding of Annuity and Life products
  • Specific knowledge of tools – MG ALFA, AXIS, MS Access Good excel, VBA, SQL knowledge
  • Knowledge of actuarial processes
  • Knowledge of GAAP, STAT, and Tax reporting concepts

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.

 

Job: Consultant

Job ID: INS009879

Primary Location: India - Gurugram

Education Level: Bachelor's / Graduation / Equivalent

Job Posting: Oct 27, 2021

Master Skills List: Operations

Job Category: Full Time