EMBLEM, RADAR Actuarial Specialist #Non-Life US Insurance
1 week ago
EXL’s 15+ years old ACTUARIAL practice is a multi-disciplinary group with an industry focus on the insurance sector (like Property & Casualty, Life Insurance, Health care, Retirement Benefits, Reinsurance). Our actuarial practice has a reputation for strong quantitative expertise and thought leadership in the industry. Through these years, our experienced practitioners have helped clients turn risk into opportunity by pairing science and art to develop solutions to their most pressing challenges around risk and insurance. We allow organizations to optimally balance their key business objectives in the context of their long-term business outlook.
We are looking for Actuarial Specialist with atleast 4-6yrs exp in Non-Life US GI P&C, Pricing Actuarial Modelling EMBLEM, RADAR
Actuarial Function
Role Overview:
· Doing independent research, analyze, and present data as assigned
· Expected to work in close collaboration with the EXL team and clients on general insurance actuarial projects for US markets
· Critically examine and deep dive into pricing models
· Prepare detailed documentation for rate revision, rate review, pricing models and valuation reports and preparing presentations
· 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 transforming that into business framework and providing actuarial solutions
· Experience in data extraction and data manipulation in Excel, R/Python/SAS
· Experience in data control and data automation
· In-depth data analysis like identifying major trends, univariate and multi-variate analysis
· Personal and commercial lines general insurance pricing, reserving for US insurance markets
· Knowledge of general insurance domain and P&C actuarial concepts is a must
Candidate Profile:
· Bachelor’s/Master's degree in economics, mathematics, actuarial sciences
· Affiliation to IAI or IFOA, with at least 4-10 Actuarial Papers
· 4-6 years’ experience, with good understanding of P&C pricing / reserving actuarial concepts
· Strong analytical skills with previous experience of applying actuarial/statistical methodologies to business problems
· Good Knowledge of GI actuarial modeling package such as RADAR, Earnix Or EMBLEM
· Strong IT skills, will need to be comfortable with basic programming in SAS and eager to develop this skill.
· Exposure to US general insurance market is preferable
· 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
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