Business analyst-Actuarial Analyst

Posted 7 Days Ago
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Gurugram, Haryana, IND
Hybrid
Junior
Information Technology • Database • Consulting
The Role
Support quarterly and annual P&C loss reserve analyses using actuarial best practices; maintain reserving datasets; perform exploratory data analysis, roll-forwards, AvE summaries; prepare statutory/regulatory reports, exhibits, and reserve memos; collaborate with claims, finance, underwriting, and actuarial teams to explain reserve movements and drivers.
Summary Generated by Built In

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.

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.

Responsibilities
  • Support quarterly and annual loss reserve analyses using actuarial best practices (such as Chain Ladder, Bornhuetter-Ferguson, Expected Loss Ratio, Cape Cod, Berquist Sherman, Frequency /Severity methods).
  • Prepare and analyze loss development patterns, trend, tail factors, and large loss activity.
  • Identify emerging issues and explain reserve movements, variability, and key drivers.
  • Maintain reserving datasets and assist in building automated analytical workflows.
  • Perform exploratory data analysis to identify emerging loss trends and anomalies.
  • Perform roll-forwards, AvE summaries, and other reserving analysis.
  • Support the timely preparation and submission of statutory and regulatory reports, basis jurisdiction.
  • Prepare actuarial exhibits, documentation, and reserve memos for reserve committee packs.
  • Work closely with claims, finance, underwriting, and actuarial teams to understand claim development patterns and business changes affecting reserves.
Qualifications
  • Bachelor’s/Master's degree in engineering, economics, mathematics, actuarial sciences, statistics.
  • Affiliation to IAI, IFOA, CAS or SOA with 4+ actuarial exams. 
  • 0-3 years of experience in P&C reserving and regulatory filings.
  • Knowledge of general insurance domain and P&C actuarial concepts is a must. 
  • Experience of Solvency II, IFRS 4, IFRS 17 and/or GAAP reporting is desirable.
  • Working experience in reserving tools such as ResQ, Reservepro, Arius and other relevant tools for data analysis and reserves valuation.
  • Excellent analytical and problem-solving skills, with the ability to analyze large datasets and make data-driven decisions.
  • Strong communication skills, including the ability to effectively communicate complex 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.

Skills Required

  • Bachelor's or Master's degree in engineering, economics, mathematics, actuarial sciences, or statistics.
  • Affiliation to IAI, IFOA, CAS or SOA with 4+ actuarial exams.
  • 0-3 years of experience in P&C reserving and regulatory filings.
  • Knowledge of general insurance domain and P&C actuarial concepts.
  • Experience with Solvency II, IFRS 4, IFRS 17 and/or GAAP reporting.
  • Working experience in reserving tools such as ResQ, Reservepro, Arius and other relevant reserving/data analysis tools.
  • Excellent analytical and problem-solving skills, ability to analyze large datasets.
  • Strong communication skills to explain complex actuarial concepts to 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.
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The Company
HQ: New York, NY
30,246 Employees
Year Founded: 1999

What We Do

Choosing a digital partner is about more than capabilities — it’s about collaboration and character. Unrealistic overhauls and off-the-shelf products ignore what matters most — your unique needs, culture, goals, and your legacy data and technology environments. At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We’re your business evolution partner—tailoring solutions that make the most of data to make better business decisions and drive more intelligence into your increasingly digital operations. Whether your goals are scaling the use of AI and digital, redesign operating models, or driving better and faster decisions, we’re here to partner with you to help you gain—and maintain—competitive advantage with efficient, sustainable models at scale. Our expertise in transformation, data science, and change management helps make your business more efficient and effective, improve customer relationships and enhance revenue growth. Instead of focusing on multi-year, resource- and time-intensive platform designs or migrations, we look deeper at your entire value chain to integrate strategies with impact. We use our specialization in analytics, digital interventions, and operations management—alongside deep industry expertise — to deliver solutions that help you outperform the competition. At EXL, it’s all about outcomes—your outcomes—and delivering success on your terms. Share your goals with us and together, we’ll optimize how you leverage data to drive your business forward. For more information, visit www.exlservice.com.

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