Financial Modeling Specialist

1 day ago


India EXL Full time

Company Overview

EXL Analytics is a leading provider of analytics and data science services, enabling businesses to make informed decisions. Our team of experts works closely with clients to understand their needs and develop tailored solutions.

About the Role

We are seeking a Financial Modeling Specialist to join our Market Risk Management team. The successful candidate will be responsible for developing and maintaining stochastic, analytical, and machine learning models that combine capital market, actuarial, and quantitative finance disciplines. This role will also involve working closely with cross-functional teams to launch new products, incorporate regulatory changes, and develop hedging strategies.

Responsibilities

  • Develop and maintain financial models for variable annuities, including stochastic projections for future liability greeks calculation and hedging assets/liabilities rebalancing.
  • Maintain and update first principles reference models for variable annuities cashflows calculation.
  • Perform stochastic and deterministic economic scenarios generation for various internal assets/liabilities projections.
  • Develop and implement improvements to Market Risk Management's risk models, workflows, and systems.
  • Support implementation process of existing and new VA/RILA product designs and features.
  • Perform ad hoc analyses.

Requirements

  • 4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's) in Statistics, Mathematics, Hard Science/engineering or Actuarial Science.
  • Proficiency in a common programming language: Python, R, Java, C#, VB, C++.
  • 0-2 years of increasing experience in variable annuity market risk management or related field. Knowledge of capital markets and insurance products including but not limited to annuities.

What We Offer

  • A competitive salary of $120,000 per year, based on experience.
  • Opportunities for growth and professional development within the company.
  • A dynamic and innovative work environment.
  • A diverse team of professionals with expertise in analytics and data science.
  • The chance to work on challenging projects and contribute to business growth.

About EXL Analytics

At EXL Analytics, we are committed to creating a workplace that is inclusive, supportive, and empowering. We offer a range of benefits and programs to support our employees' well-being and career development, including opportunities for training and mentorship.



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