Manager EXL/M/1073484

2 months ago

Gurugram, India exl Full time

Job Description

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

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