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Transformation happens here. Come, be a part of our exciting journey Inviting applications for the role of Senior Associate, 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 ResponsibilitiesProcess Management:
a. Provide technical support to the Valuation team supporting all close and non-close processes b. 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 c. Performs Annual statement and other annual reporting as advised by Client manager d. Ensure results are prepared to satisfy the close & project requirements Quality and on time e. Ensure agreed governance practices are in place and adhered too daily / weekly / monthly status reporting of team activities against the program plan or schedule f. Primary Do / Check responsibility for ~95-100% tasks processed by the Valuation team provide review summary on results/outputs (Why these are ok) g. Responsible for doing process tasks and activities to remain in touch and also act as secondary doer back up on need basis h. Develops a good understanding of all Valuation process activities managed by the offshore team not just run the processes but also understand the end to end process and linkages of various process activities i. 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) j. 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) k. 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 l. Timely advance issues that need attention to Genpact Leadership / Client process owners and work to create necessary action plans 2. Process Documentation a. Ensure process documentation on all close tasks is updated and saved on a specified share drive structure. b. Establish a process documentation structure that best serves the need to train a new hire and also provide step by step mentorship to a doer/reviewer i. Template consistency ii. Table contents background, systems/file references, inputs-process-output, high-level process flow, procedure notes,etc iii. Version control & change management iv. Storage & archiving past versions c. Build documentation for any new tasks (new transitions/new requirements) d. Seeks necessary update and documentation sign off from onshore Client SMEs/ process owners e. Evaluate the need for checklists and reminders for specific tasks/activities that help in minimizing errors/rework & improve review and doer efficiency 3. Other Responsibilities: (Need-based) a. Work with functional managers and Genpact leadership to acquire necessary staff to support the team s requirements Need-basedGenpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and ...