Job Description

With a startup spirit and 115,000+ curious and courageous minds, we have the expertise to go deep with the world\xe2\x80\x99s biggest brands\xe2\x80\x94and we have fun doing it. We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We\xe2\x80\x99re harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people. Now, we\xe2\x80\x99re calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing., People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower. Welcome to the relentless pursuit of better.
Welcome to the relentless pursuit of better.
Inviting applications for the role of Business Analyst - 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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Responsibilities
1. Process Management:
a. Provide technical and managerial 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 \xe2\x80\x93 Quality and on time
e. Ensure agreed governance practices are in place and adhered too \xe2\x80\x93 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 \xe2\x80\x93 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 \xe2\x80\x93 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 \xe2\x80\x93 calibrate with Client onshore process owner as needed for updates and changes
l. Timely advance issues that need attention \xe2\x80\x93 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 \xe2\x80\x93 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\xe2\x80\x99s requirements \xe2\x80\x93 Need-based
b. Support business initiatives and projects as per Client\xe2\x80\x99s preference and priority
c. Pro-actively seek ways to improve the efficiency and calibrate with Client process owners to improve the value-add of the valuation team
d. 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 Or Partially qualified (Preferably 3-4+ Actuarial exams cleared) with experience in life/annuity insurance or financial services industry
• Demonstrate eye for business by extending actuarial analysis into practical commercial solutions
• Proven analytical skills
• Ability to manage concurrent deadlines and multiple priorities
• Strong communication skills (verbal and written)

• Strong Life actuarial work experience and understanding of Annuity and Life products
• Specific knowledge of tools \xe2\x80\x93 MG ALFA, AXIS, MS Access
• Knowledge of Valuation close actuarial processes
• Knowledge of GAAP, STAT, and Tax reporting concepts