Actuarial Specialist

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.

Role - Actuarial Specialist - Pricing, P&C General Insurance

Experience range - 4-6yrs

Location - Hybrid, Gurgaon / Pan India

Client - US Insurance Market

Work Timings - Mon-Fri 12-9PM IST

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

• Stakeholder, Team, and Project Management – Team of actuarial professionals

• Critically examine and deep dive into actuarial projects

• Delivery Excellence for actuarial team – Deep dive into deliverables, QC, Review and guide team on their day to day tasks and projects

• Develop roadmap, plan for actuarial projects and ensure quality deliverables

• Prepare detailed documentation for pricing models, rate revision, rate review, 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 for Pricing Non Life

• Experience in data extraction and data manipulation in Excel, R, Python, SAS, Emblem/RADAR, ResQ

• Experience in data management and actuarial process improvements

• In-depth data analysis like identifying major trends, univariate and multi-variate analysis

• Personal and commercial lines general insurance Pricing Non Life for US Insurance markets

• Knowledge of General Insurance domain and P&C actuarial concepts is a must

• Excellent written and verbal communication skills

Candidate Profile:

• Bachelor's/Master's degree in economics, mathematics, actuarial sciences
• Affiliation to IAI or IFOA, with up to 9 CT actuarial exams, SP8 will be an added advantage.
• 4-6 years' experience, with good understanding of P&C actuarial concepts – Core Pricing Rate Experience is preferred
• Experience in US General insurance market is preferable
• 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

What we offer:

• EXL Analytics offers an exciting, fast paced and innovative environment, which brings together a group of sharp and entrepreneurial professionals who are eager to influence business decisions. From your very first day, you get an opportunity to work closely with highly experienced, world class analytics consultants.
• You can expect to learn many aspects of businesses that our clients engage in. You will also learn effective teamwork and time-management skills - key aspects for personal and professional growth
• Analytics requires different skill sets at different levels within the organization. At EXL Analytics, we invest heavily in training you in all aspects of analytics as well as in leading analytical tools and techniques.
• We provide guidance/ coaching to every employee through our mentoring program wherein every junior level employee is assigned a senior level professional as advisors.
• Sky is the limit for our team members. The unique experiences gathered at EXL Analytics sets the stage for further growth and development in our company and beyond.