Consultant - Actuarial

Job Description

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
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Keyskills :
ms accessprocess flowmusic makingtax reportingcustomer focus