Actuarial Analyst_RADAR

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 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 rate revision/ implementation projects for US markets
• Prepare rate filing material to be submitted with department of insurance
• 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 solutions
• Perform competitive analysis by comparing the client rates with competitor and provide insights to improve the clients market position
• Ability to analyze the graphs and draw insights from it
• Experience in data extraction and data manipulation in Excel, /SAS/SQL
• 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
• Excellent written and verbal communication skills

Candidate Profile:

• Bachelor’s/Master's degree in economics, mathematics, actuarial sciences
• Affiliation to IAI or IFOA, with at least 2-3 CT actuarial exams
• 3+ years’ experience, with good understanding of P&C pricing actuarial concepts
• Strong analytical skills with previous experience of applying actuarial/statistical methodologies to business problems
• Good Knowledge of GI actuarial modelling package such as Emblem, RADAR and Earnix
• 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

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.