Actuarial Analyst - Gurugram, India - EXL

    EXL
    EXL Gurugram, India

    Found in: Talent IN 2A C2 - 1 week ago

    EXL background
    Description

    About EXL

    At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We are extremely proud of our differentiated workforce that totals more than 37,000+ professionals, spread across 54 global delivery centers and supports 25+ languages. Please visit for more information about EXL Analytics.

    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:

    · 2-5 years' of actuarial experience in life insurance.

    · Should have passed atleast 4-5 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, model testing & validation.

    · Experience working with GGY Axis and Prophet can be considered depending on experience. 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.

    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 2-5 years' experience, with good understanding of Life products - pricing, 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.

    · Must have exposure in actuarial modeling, model testing & validation.

    · Exposure to polysystem, Prophet and/or any other modelling tool can be considered. 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.