Director – Insurance Process

Ready to shape the future of work At Genpact we don t just adapt to change we drive it AI and digital innovation are redefining industries and we re leading the charge Genpact s our industry-first accelerator is an example of how we re scaling advanced technology solutions to help global enterprises work smarter grow faster and transform at scale From large-scale models to our breakthrough solutions tackle companies most complex challenges If you thrive in a fast-moving tech-driven environment love solving real-world problems and want to be part of a team that s shaping the future this is your moment Genpact NYSE G is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally Through our deep business knowledge operational excellence and cutting-edge solutions - we help companies across industries get ahead and stay ahead Powered by curiosity courage and innovation our teams implement data technology and AI to create tomorrow today Get to know us at and on and 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 go-to-market strategy You will also drive growth by acquiring new clients contributing to ERC Insurance s top-line growth Responsibilities Understand the Insurance industry trends to identify areas for improvement in the client s upstream and downstream business processes - like claims underwriting re-insurance 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 Dodd-Frank state regulations and Europe FCA PRA Lloyd s 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 re-insurance premiums billing reserving etc In-depth 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 solution-based approach to problem-solving techniques Strong written and presentational skills ability to clearly communicate complex messages to a variety of audiences Self-starter attitude with the ability to meet high customer expectations through contextual proposals and domain-led storylines resourcefulness in finding new ways to make things happen while utilizing available knowledge resources optimally is imperative Why join Genpact Be a transformation leader - Work at the cutting edge of AI automation and digital innovation Make an impact - Drive change for global enterprises and solve business challenges that matter Accelerate your career - Get hands-on experience mentorship and continuous learning opportunities Work with the best - Join 140 000 bold thinkers and problem-solvers who push boundaries every day Thrive in a values-driven culture - Our courage curiosity and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress Come join the tech shapers and growth makers at Genpact and take your career in the only direction that matters Up Let s build tomorrow together 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 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