Actuarial Analyst

EXL

Required skills

Website: exlservice.com
Job details:

Role & Responsibilities Overview:

Conduct actuarial analyses for U.S. P&C insurance products across multiple states, performing indication analyses and rate reviews to support commercial lines pricing and regulatory filings.
Analyze data and perform actuarial calculations to generate state-specific filing exhibits and documents for DOI submissions.
Manage filings and regulatory objections with Departments of Insurance (DOIs) across multiple Lines of Business (LOBs).
Support monthly/quarterly rate updates and processes (rate files, RPC, forecasts).
Assist in the development and enhancement of rate-filing tools, models, and processes to improve accuracy and efficiency.
Prepare detailed documentation for rate review, pricing models, and state filing reports and preparing presentations
Assist in analyzing, identifying and tracking new market trends, including underwriting and rate actions and proposing what actions to take
Assist in audit functions as needed and ensure compliance with Data Privacy and Protection Guidelines
Provide support in the preparation of financial reports, including reserve-related disclosures.
Stay updated with best practices in actuarial methodologies and techniques.
Mentor and provide guidance to junior team members as needed.

Candidate Profile:

Bachekors or Master's degree in economics, mathematics, computer science/engineering, operations research or related analytics areas
Based out of India
Affiliation to IAI, IFOA or CAS, with 2-6 actuarial exams will be an added advantage
4-7 years actuarial experience in the P&C insurance industry. Experience with or exposure to Commercial insurance products preferred
Good understanding of P&C insurance concepts and actuarial principles
Familiarity with US State-specific rate filing processes is preferred
Proficiency in Excel, SQL, and other relevant tools for data analysis and modeling. Experience in Python and Databricks is good to have
Excellent analytical and problem-solving skills, with the ability to analyze complex data and make data-driven decisions.
Strong communication skills, including the ability to effectively communicate actuarial concepts to both technical and non-technical stakeholders.
Ability to work independently and collaboratively in a team-oriented environment.
Detail-oriented with strong organizational and time management skills.
Ability to adapt to changing priorities and deadlines in a fast-paced environment.

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