- We are seeking an experienced Sr. Actuarial Analyst to join our team, focusing on risk monitoring, profitability analysis, and other key actuarial functions. This role involves conducting in-depth reviews of insurance product profitability, assessing portfolio risk, and working closely with various teams to support sound underwriting and pricing decisions. The ideal candidate will bring a blend of technical actuarial skills, analytical expertise, and experience within the general insurance industry, particularly in Property & Casualty (P&C).
- Data extraction and preparation for pricing studies and analysis
- Provide Pricing guidance and consulting services to different data, infrastructure and IT team
- Help Data team in developing data mart and recommending data elements to be included for use case enablement – Pricing, Rating , Filing etc.
- Present actionable insights, recommendations and finding to Actuaries and Data team (leadership)
- Develop project plan , execute and help in delivery excellence
- Conduct market and competitor research esp. filing material
- Support filing activities including indications, base rate changes, rate monitoring, dislocations etc.
- Prepare filing exhibits or regulatory requirement exhibits
- Develop internal QC processes to ensure filing accuracy and quality
- Train and upskill team members in new rating and filing tools & techniques
- Identify process enhancements opportunities and propose automation-based solutions
- Apply actuarial pricing techniques of exposure and experience rating based on data quality and availability
- Understand and incorporate product changes, rating factors and other inputs to develop new rates or revise existing rates
- Coordinate with product owners to understand pricing requirements and timelines
- Support actuarial data processing involving loss development, trend analysis and IBNR allocation
- Support data extraction, analysis and transformation to produce final datasets for downstream analysis
- Apply advanced statistical techniques like GLMs, XGBoost, Lasso etc. to build predictive models
- Understand and incorporate external factors like inflation, CAT impact etc.to produce comprehensive rates
- Cross-Functional Collaboration:
- Partner with underwriting, finance, and data analytics teams to align on product goals and refine risk management strategies.
- Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field; completion of actuarial exams with ASA or FSA designation preferred.
- Extensive experience in P&C Actuarial Pricing – LC Modeling, Rate revisions, indications, Rate monitoring etc.
- Experience working with large data – Policy, claims , external data
- Proven expertise in risk assessment, monitoring, and profitability review.
- Strong analytical and quantitative skills, with proficiency in actuarial modeling software (e.g., R, SAS, Python) and Excel.
- Working experience with insurance regulations, rate filings, and compliance requirements.
- Excellent communication and interpersonal skills, with the ability to explain complex concepts to non-technical stakeholders.
Skills Required
- Bachelor's degree in actuarial science, Mathematics, Statistics, or related field
- Completion of actuarial exams; ASA or FSA designation
- Extensive experience in P&C actuarial pricing, loss cost modeling, rate revisions, indications, and rate monitoring
- Experience working with large policy, claims, and external datasets
- Proven expertise in risk assessment, profitability review, and monitoring
- Proficiency in actuarial modeling software and tools (R, SAS, Python) and Excel
- Working knowledge of insurance regulations, rate filings, and compliance requirements
- Excellent communication and interpersonal skills to explain complex concepts to non-technical stakeholders
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.
