Actuarial Analyst

EXL; Gurugram District; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

EXL is seeking an experienced actuarial professional to conduct analyses for U.S. property and casualty insurance products across multiple states, supporting pricing considerations and regulatory filings.

The role centers on data analysis and actuarial calculations to generate state-specific filing exhibits, manage rate filings and RPCs, and assist in model enhancements. Proficiency in Excel and SQL is required; Python and Databricks are a plus.

Qualifications

• Bachelor's or Master's degree in economics, mathematics, computer science/engineering, operations research or related analytics areas.
• Based out of India with 4–7 years actuarial experience in the P&C industry.
• Familiarity with US state-specific rate filing processes is preferred.
• Proficiency in Excel, SQL; Python and Databricks are a plus.

Responsibilities

• Conduct actuarial analyses for U.S. P&C insurance products across multiple states.
• Prepare state filing exhibits and regulatory documents for filing submissions.
• Manage filings and regulatory objections with Departments of Insurance (DOIs) across multiple LOBs.
• Support monthly/quarterly rate updates and forecasting processes.
• Assist in development of rate-filing tools, models and processes.
• Mentor junior team members and ensure data privacy compliance.

Skills

Actuarial analytics

Statistical data analysis

Excel

SQL

Python

Databricks

Communication skills

Team mentoring

Attention to detail

Time management

Education

Bachelor's degree in economics

Master's degree in mathematics

Computer science or engineering background

Operations research

Analytics-focused education

Tools

Excel

SQL

Python

Databricks

Job description

• 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.