Director Insurance Process Compliance Expert Enterprise Risk Consulting

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125000 people across 30 countries are driven by our innate curiosity entrepreneurial agility and desire to create lasting value for clients. Powered by our purpose the relentless pursuit of a world that works better for people we serve and transform leading enterprises including the Fortune Global 500 with our deep business and industry knowledge digital operations services and expertise in data technology and AI.

Inviting applications for the role of Director Insurance Process & Compliance Expert (Enterprise Risk Consulting)
In this role you will leverage your deep domain knowledge of the insurance industry and your expertise in compliance and regulations applicable to insurance firms in the US and Europe to grow the ERC Insurance practice. You will understand the business needs of our insurance clients optimize their insurance processes ensure regulatory compliance and enhance internal controls.
You will establish connections and networks to effectively position our insurance services in the market through a comprehensive gotomarket strategy. You will also drive growth by acquiring new clients contributing to ERC Insurances topline growth.

Responsibilities
Understand the Insurance industry trends to identify areas for improvement in the clients upstream and downstream business processes like claims underwriting reinsurance premiums & billing reserving policy administration and regulatory reporting and propose recommendations accordingly.
Identify the key challenges faced by Insurance firms & the evolving risk landscape within the Insurance industry and develop tailored solution offerings (leveraging digital) to meet their specific needs e.g. RegTech solutions for compliance monitoring
Understand the regulatory compliance requirements for insurance firms in US (NAIC DoddFrank state regulations) and Europe (FCA PRA Lloyds market regulations Consumer Duty GDPR and Data Privacy) and develop strategies to ensure full adherence to these standards.
Understand compliance reporting requirements including Solvency II (UK) IFRS 17 and NAIC statutory reporting (US) for insurers.
Implement risk control measures manage audits and support governance frameworks to maintain regulatory compliance and mitigate operational risks for clients.
Engage with the Sales Leaders in Account Planning discussions for mining the existing accounts or identifying opportunities in new accounts.
Support business development activities for the Insurance vertical by developing marketing collaterals business proposals new solutions or frameworks or IPs
Contribute to knowledge management sessions within the practice. Provide internal training to teams on emerging regulations compliance best practices and changes in insurance laws to ensure business alignment.
Qualifications We seek in you!

Minimum Qualifications / Skills
Minimum Qualification: MBA / Post Graduate/ CA
Adequate years of experience in Insurance Industry or BIG 4 Insurance Practice

Preferred Qualifications / Skills:
Deep process domain in core insurance functions like claims underwriting reinsurance premiums & billing reserving etc.
Indepth knowledge of US and Europe insurance regulations
Fair understanding of the risk audit and controllership domain (good to have)
Strong project management skills with the ability to prioritize multiple tasks coordinate work efficiently and meet deadlines.
Proficiency in engagement planning management client report review and delivering client presentations.
Ability to develop work programs and methodologies that build specific proficiency while enhancing value propositions.
Finance insight combined with strong analytical abilities.
Excellent communication skills for interacting with senior management and partners at all levels.
Apply a solutionbased approach to problemsolving techniques.
Strong written and presentational skills; ability to clearly communicate complex messages to a variety of audiences.
Selfstarter attitude with the ability to meet high customer expectations through contextual proposals and domainled storylines; resourcefulness in finding new ways to make things happen while utilizing available knowledge resources optimally is imperative
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 respect and integrity customer focus and innovation. For more information visit . Follow us on Twitter Facebook LinkedIn and YouTube.

Furthermore please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a starter kit paying to apply or purchasing equipment or training.