This is a remote position.
Overview :
We are seeking an experienced Senior HyperExponetial Developer with strong expertise in insurance rating and pricing systems along with hands-on Python development experience. The ideal candidate will be responsible for designing, developing, enhancing, and maintaining pricing and rating solutions for insurance products.
The role requires strong knowledge of insurance rating methodologies, the ability to translate actuarial and underwriting requirements into technical solutions, and experience working with Hyperexponential (HX) or similar insurance pricing platforms. Experience in predictive modeling and pricing optimization will be considered a strong advantage.
Key Responsibilities
- Design, develop, and maintain insurance rating and pricing logic using Python.
- Implement and enhance rating algorithms, factor tables, discounts, surcharges, and validation rules.
- Translate actuarial specifications, underwriting guidelines, and business requirements into scalable technical pricing solutions.
- Configure and support HX-based product and pricing models.
- Integrate pricing and rating services with policy administration and downstream systems using REST APIs and service-based architectures.
- Perform unit testing, validation testing, and regression testing of rating and pricing calculations.
- Support product launches, pricing updates, regulatory changes, and rate revisions.
- Analyze pricing and rating outcomes to support model optimization and refinement.
- Collaborate closely with Actuarial, Product, Underwriting, QA, and DevOps teams.
- Troubleshoot and resolve production issues related to pricing and rating logic.
- Contribute to technical best practices, continuous improvement, and solution optimization initiatives.
Requirements
Mandatory Skills & Qualifications
• Strong hands-on Python development experience, including:
o Object-Oriented Programming (OOP)
o Data structures and algorithms
o Performance optimization
• Proven experience building, enhancing, or supporting insurance rating/pricing engines.
• Strong SQL and relational database expertise.
• Hands-on experience with RESTful APIs and service-oriented architectures.
Insurance Domain Expertise (Must-Have)
Strong understanding of insurance rating and pricing concepts, including:
• Base rates and modifiers
• Tiering, discounts, and surcharges
• Risk factors and territories
• Classes, deductibles, and coverage limits
Experience working with insurance products is required, preferably within the Property & Casualty (P&C) domain. Candidates from other insurance domains with strong pricing/rating experience will also be considered.
Benefits
Skills Required
- Strong hands-on Python development experience
- Object-oriented programming experience
- Knowledge of data structures and algorithms
- Performance optimization experience
- Experience building, enhancing, or supporting insurance rating and pricing engines
- Strong SQL expertise
- Strong relational database expertise
- Hands-on experience with RESTful APIs
- Experience with service-oriented architectures
- Strong understanding of insurance rating and pricing concepts
- Understanding of base rates and modifiers
- Understanding of tiering, discounts, and surcharges
- Understanding of risk factors and territories
- Understanding of classes, deductibles, and coverage limits
- Experience working with insurance products
- Property and casualty insurance experience
- Experience with Hyperexponential or similar insurance pricing platforms
- Experience in predictive modeling and pricing optimization
What We Do
Exavalu leads the way in business and technology consulting and solution delivery, focusing on specialized digital transformation across the Insurance, Healthcare & Life Sciences, and Nonprofit industries. As an award-winning digital transformation advisor, we take pride in delivering leading-edge solutions to clients worldwide. Led by industry veterans and technology experts, we bring our deep understanding in customer experience, process automation, digital engineering, cloud, data and AI with a very strong industry core foundation. Drawing on our industry insights and technological acumen, we enable clients to drives growth, profitability, and cost optimization. We mitigate risks and elevate customer experience through our comprehensive suite of services, including strategic advisory, expert-led technology [build and maintenance], and best-in-class products and solutions. Our unwavering focus on understanding the industry's hard problems and finding the right solution has garnered recognition as the preferred ally for organizations seeking transformative growth.
