Ready to build the future with AI? At Genpact, we don’t just keep up with technology—we set the pace. AI and digital innovation are redefining industries, and we’re leading the charge. Genpact’s AI Gigafactory, 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 agentic AI, our breakthrough solutions tackle companies’ most complex challenges. If you thrive in a fast-moving, innovation-driven environment, love building and deploying cutting-edge AI solutions, and want to push the boundaries of what’s possible, 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 genpact.com and on LinkedIn, X, YouTube, and Facebook. Inviting applications for the role of Capital Regime – P&C; Risk Model Validation Support the independent model validation and governance of Property & Casualty risk models within an insurance Internal Model. The role covers Premium Non-Catastrophe, Reserve Risk, natural catastrophe, terrorism and P&C; business-risk models. The focus is on reviewing methodologies, calibrations and model testing evidence, and effectively challenging model-owner results and conclusions. This is a risk and capital modeling role, not a pricing or reserve-estimation position. Responsibilities
• Perform quantitative model validation of P&C; risk models covering Premium Non-Catastrophe, Reserve Risk, natural catastrophe, terrorism, lapse and cost risk.
• Review model methodologies, assumptions, exposure and claims data, parameter estimation, calibration, implementation, reinsurance treatment, limitations and model validation evidence.
• Analyse and effectively challenge first-line model testing results and conclusions, performing independent testing or deeper analysis where necessary.




• Assess methodologies such as aggregate loss distributions, frequency-severity modeling, Poisson and Negative Binomial claim frequency, Pareto, Generalised Pareto, LogNormal and shifted-Gamma severity distributions, stochastic Bornhuetter-Ferguson, bootstrap, Mack, Merz-Wüthrich emergence patterns, Bayes and benchmark approaches.
• Evaluate statistical evidence using goodness-of-fit assessment, residual and diagnostic analysis, parameter uncertainty, sensitivity analysis, stability testing, benchmarking, Actual-versus-Expected analysis and movement analysis.
• Review probabilistic NatCat and terrorism model outputs, including exposure coverage, hazard and vulnerability assumptions, mapping, reinsurance, simulation error, portfolio changes and local suitability.
• Review model-owner and local-entity submissions and support annual model revalidations, model-change reviews and model validation reporting, applying quantitative expertise and qualitative judgement.
• Mentoring and QA junior team members. Qualifications we seek in you
• Master's degree or equivalent in Actuarial Science, Mathematics, Statistics, Econometrics, Quantitative Finance or a related quantitative discipline, with typically two to three years of relevant experience.
• Experience across P&C; risk model families, preferably including premium risk, reserve uncertainty, natural catastrophe, terrorism or business risk. Experience limited primarily to pricing or reserve estimation is not sufficient.
• Understanding of frequency-severity modeling, loss-distribution fitting, claims triangles, stochastic Bornhuetter-Ferguson, bootstrap, Mack, one-year reserve emergence, Merz-Wüthrich, NatCat modeling, reinsurance, dependency modeling and capital aggregation. Familiarity with insurance Internal Model validation requirements under Solvency II,



or comparable model risk management frameworks such as OSFI E-23, SS1/23, SR 11-7 or successor guidance, and ECB TRIM, is desirable.
• Robust analytical and model-challenge skills, with proficiency in Microsoft Excel and working knowledge of Python or R. Familiarity with catastrophe platforms such as Moody's RMS or Verisk is desirable but not mandatory; an actuarial background is preferred but not mandatory. Why join Genpact?
• Lead AI-first transformation – Build and scale AI solutions that redefine industries
• Make an impact – Drive change for global enterprises and solve business challenges that matter
• Accelerate your career—Gain hands-on experience, world-class training, mentorship, and AI certifications to advance your skills
• Grow with the best – Learn from top engineers, data scientists, and AI experts in a dynamic, fast-moving workplace
• Committed to ethical AI – Work in an environment where governance, transparency, and security are at the core of everything we build
• 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 140,000+ coders, 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.

📌 Risk Model Validation (India)
🏢 Genpact
📍 India