Actuarial Risk Management

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
• Work on transformation/automation initiative.
• Build actuarial models for life insurance products.
• Perform UAT testing, Unit testing, regression testing etc. for Actuarial model testing & validation.
• Excellent written and verbal communication skills

Candidate Profile:

• Bachelor’s/Master's degree in economics, mathematics, actuarial sciences.
• Affiliation to IAI, SoA or IFOA. 
• At least 3-10 years’ experience, with good understanding of Life products - pricing, experience studies, modeling, reserving and valuation.
• Exposure to US life insurance market is preferable.
• Experience of working in international markets such as US or India. Good working knowledge of US-GAAP LDTI is preferable but not mandatory.
• Exposure to polysystem, MG Alpha, GGY Axis, Prophet and/or any other modelling tool will be an added advantage. Experience in SQL/Python/R is desirable but not mandatory.
• 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.

Role Overview:

• 3-10 years’ of actuarial experience in life insurance.
• Should have passed 4-12 actuarial exams.
• Experience of working in international markets such as US. Experience with Indian market will also be preferred. Good working knowledge of US-GAAP LDTI is preferable.
• Must have exposure in data handling, actuarial modeling, experience analyses, EV reporting, statutory reporting, ALM and model testing & validation.
• Experience working with GGY Axis, MG Alpha and Prophet will be an added advantage. Experience in SQL/Python/R is desirable but not mandatory.
• Advanced life insurance and actuarial knowledge, strong technical, analytical, problem solving and interpersonal skills, effective communicator to superiors, peers and subordinate, good command of the English language.
• Must contribute towards new business development such as assessing pain areas for our clients, generating solutions for clients.
• Identify and participate in continuous improvement initiatives.
• Ensure compliance with Data Privacy and Protection Guidelines.