Senior Manager - Actuarial Job in Genpact

Inviting applications for the role of Senior Manager, Actuarial

Responsibilities

• Provide technical and managerial leadership to the Valuation team.
• 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
• Perform Annual statement and other annual reporting as advised by the Client manager
• Ensure results are prepared to satisfy the close & project requirements Quality and on time
• Ensure agreed governance practices are in place and adhered to daily / weekly / monthly status reporting of team activities against the program plan or schedule
• Primary Review responsibility for ~95-100% tasks processed by the Valuation team provide review summary on results/outputs (Why these are ok)
• Responsible for doing process tasks and activities to remain in touch and also act as secondary doer back up on a need basis
• Develop to be the offshore SME for all Valuation process activities managed by offshore team not just own the processes but also understand the end to end process and linkages of various process activities
• 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)
• 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, the frequency can vary to weekly in non-close periods)
• 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
• Timely intensify issues that need attention to Genpact Leadership / Client process owners and work to build vital action plans
• Ensure process documentation on all tasks is updated and saved on specified share drive structure.
• Evaluate the need for checklists and reminders for specific tasks/activities that help in minimizing errors/rework & improve review and doer efficiency
• Develop team training & development plans
• Empower and encourage team members and maintain balanced work dynamics
• Lead by example drive consistency in encouraging behaviors

Qualifications we seek in you

• Bachelors degree or equivalent in Mathematics, Actuarial Science or related field

Preferred qualifications

• Relevant experience in Life insurance with B.S. degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or another major with significant credits in the technical, analytical or quantitative subject matter
• Student member of the Society of Actuaries/Institute of Actuaries (India / UK) required with minimum 9 actuarial exams cleared.
• Excellent analytical and problem solving skills
• Proficiency in MS Excel, Word, and PowerPoint.
• Ability to work independently as well as in larger teams.
• Excellent business and teamwork skills.
• Effective time leadership skills.
• Excellent written and verbal communication skills.