Senior Lead Engineer, Services

1 month ago

Mumbai, Maharashtra, India Majesco Full time
Job Description

JOB PURPOSE:
  • As a member of our Rating team, the Actuarial Math Rating Analyst is responsible for implementing actuarial formulas in our application.
  • Collaborate closely with clients' actuaries and underwriters to understand and refine the algorithms used to calculate claim and premium rates
  • Should be able to design and implement algorithms within the framework of our software; and then they code that design using our custom MATH programming language along with other elements of our Java-based software infrastructure.
  • Evaluate and monitor the rating for accuracy, fast performance, and maintainability.
  • This role has considerable room for self-direction and growth; you will have the opportunity to help determine your own responsibilities and trajectory within the company.
JOB DESCRIPTION & ACCOUNTABILITIES:
  • Collaborate directly with our clients to understand and document insurance rating formulas in the form of spreadsheets, code, and written documentation.
  • Work with Business Analysis and Core Development teams to refine rating algorithms and design their implementation in our software.
  • Program, test, and optimize rating formulas and algorithms.
  • Develop knowledge of actuarial operations and the insurance business, including rating and formula handling, underwriting, and product development
  • Analyze problems and work closely with both internal and external stakeholders to develop solutions.
  • Make recommendations to management regarding timelines and best practices.
  • Work collaboratively with the entire 'Majesco Smart Underwriting Application' team to continually improve processes.
SOFT SKILLS
  • Excellent written and verbal communication
  • Ability to work both autonomously and as part of a team
  • Should be initiative-taker and self-motivator.
  • Should be inquisitive and an adaptive learner.
  • Must have strong mathematical, logical, analytical, and problem-solving skills
EDUCATION / CERTIFICATION / TRAINING
  • University degree in Computer Science/ Mathematics/ Actuarial Science, or a related field
  • Equivalent skills gained through work experience may also be considered.
MUST HAVE REQUIREMENTS (order of priority)
  • Fluency in Microsoft Excel spreadsheets and formulas
  • Experience with VBA and/or functional programming.
  • Experience with Java (Basic Knowledge).
  • Strong mathematical, logical, analytical, and critical thinking / problem solving skills.
  • Programming experience or training
  • Excellent written and verbal communication
  • Ability to work both autonomously and as part of a team.
  • Proactivity and self-motivation
  • Inquisitiveness and ability to learn quickly.
ASSETS
  • Completion of first-level SOA/CAS actuarial exams

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