Actuarial Role - General Insurance

Actuarial profile

EXL Decision Analytics:

- EXL (NASDAQ:EXLS) is a leading operations management and analytics company that helps businesses enhance growth and profitability in the face of relentless competition and continuous disruption. Using our proprietary, award-winning Business EXLerator Framework- , which integrates analytics, automation, benchmarking, BPO, consulting, industry best practices and technology platforms, we look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. Headquartered in New York, New York, EXL has more than 24,000 professionals in locations throughout the United States, Europe, Asia (primarily India and Philippines), Latin America, Australia and South Africa.

- EXL Analytics provides data-driven, action-oriented solutions to business problems through statistical data mining, cutting edge analytics techniques and a consultative approach. Leveraging proprietary methodology and best-of-breed technology, EXL Analytics takes an industry-specific approach to transform our clients' decision making and embed analytics more deeply into their business processes. Our global footprint of nearly 2,000 data scientists and analysts assist client organizations with complex risk minimization methods, advanced marketing, pricing and CRM strategies, internal cost analysis, and cost and resource optimization within the organization. EXL Analytics serves the insurance, healthcare, banking, capital markets, utilities, retail and e-commerce, travel, transportation and logistics industries.

Role Overview:

- Doing independent research, analyze, and present data as assigned

- Expected to work in close collaboration with the EXL team and clients on analytics projects for general insurance related to pricing/claim analysis for personal and commercial lines of business

- Predictive modeling based GLM for personal and commercial lines

- Develop detailed SQL/R codes for data preparation and model scoring to be used in production

- Critically examine and deep dive into models

- Prepare detailed documentation of models and preparing presentations

- 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

- Experience in data extraction and data manipulation in SQL/R

- In-depth data analysis like identifying major trends, univariate and multi-variate analysis

- Personal and commercial lines general insurance pricing, application of GLM using Emblem. Building the loss cost models in Emblem by applying the GLM technique, involving identifying and analyzing the trends in the rating factors, and correlations among them.

- Building a simple factor model, followed by interaction testing and simplification of the rating factors and applying the inflation and reserving adjustments for future projections, validating the model and model management.

- Knowledge of general insurance domain and P&C actuarial concepts is a must

- Good written and verbal communication skills

Candidate Profile:

- Bachelor's/Master's degree in economics, mathematics, actuarial sciences, computer science/engineering, operations research or related analytics areas; candidates with BA/BS degrees in the same fields from the top tier academic institutions are also welcome to apply

- Affiliation to IAI or IFOA, with at least 4-6 actuarial exams

- 5-10 years' experience, preferably in general insurance pricing analytics for personal and commercial lines of business

- Model development experience in R and Emblem

- Strong and in-depth understanding of statistics

- Experience in profitability analysis and retention/elasticity modeling

- 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.