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Manager

3 months ago

Gurgaon, Haryana, India EXL Service Full time
Role Description:
  • Doing independent research, analyze, and present data as assigned
  • Expected to work in close collaboration with the EXL team and clients on non-life insurance actuarial projects for UK & US markets
  • Critically examine and deep dive into models and identify possible areas of testing
  • Conduct comprehensive testing and validation of actuarial models such as unit testing, Regression testing, user acceptance testing etc.
  • Build automated models (Test ware/challenger Model) in MS Excel or any other suitable platform to test the output of actuarial models.
  • Prepare detailed end-to-end documentation for the models developed and testing done
  • Assist in learning and development of new team members
  • Identify and participate in continuous improvement initiatives
  • Ensure compliance with Data Privacy and Protection Guidelines
Key Responsibilities:
  • Complete understanding of the current state of affairs and problem statement
  • Interacting with clients on regular basis, understanding their requirements and providing actuarial solutions
  • Model testing and validation for US & UK non-life insurance products
  • Knowledge of pricing related exercises such as rate adequacy testing, market research, stress testing etc.
  • For Reserving profile: Assisting clients with reserving on complex general insurance lines of business, resolving management and auditors' queries, development of risk analysis tools
  • Setting up technical provisions for the purpose of solvency II balance sheet.
  • Excellent written and verbal communication skills
Candidate Profile:
  • Bachelor's/Master's degree in economics, mathematics, actuarial sciences
  • Affiliation to IAI or IFOA, with exam criteria. Minimum 4 papers. CS2 is preferred for Reserving.
  • 3+ years' experience
  • Prior Knowledge of US & UK non-life insurance products is added advantage
  • Experience with Excel,SQL,VBA is preferred and knowledge of Python, SAS is added advantage
  • Strong ability to learn technical and Business knowledge
  • Superior analytical and problem-solving skills
  • Outstanding written and verbal communication skills
  • Able to work in fast pace continuously evolving environment and ready to take up uphill challenges
  • Is able to understand cross cultural differences and can work with clients across the globe