EXL
Location
Gurgaon | India
Job description
EXL’s 15+ years old ACTUARIAL practice is a multi-disciplinary group with an industry focus on the insurance sector (like Property & Casualty, Life Insurance, Health care, Retirement Benefits, Reinsurance). Our actuarial practice has a reputation for strong quantitative expertise and thought leadership in the industry. Through these years, our experienced practitioners have helped clients turn risk into opportunity by pairing science and art to develop solutions to their most pressing challenges around risk and insurance. We allow organizations to optimally balance their key business objectives in the context of their long-term business outlook.
Actuarial - Non Life Reserving General Insurance Responsibilities: Collaborate with the Reserving Team to analyze and estimate reserves for our P&C insurance products, including performing loss reserve reviews and analyses. Apply various reserving methods and techniques to estimate liabilities, such as loss development, loss ratio, and loss triangle analyses. Analyze data and perform actuarial calculations to assess risks and determine appropriate reserve levels. Conduct research and stay updated with industry trends and regulatory changes related to reserving, including Solvency II or IFRS 17 requirements. Prepare and present actuarial findings and recommendations to management and other stakeholders. Collaborate with other departments, such as underwriting and finance, to ensure reserve estimates align with business goals and financial reporting requirements. Assist in the development and enhancement of reserving tools, models, and processes to improve accuracy and efficiency. Provide support in the preparation of financial reports, including reserve-related disclosures. Stay updated with best practices in actuarial reserving methodologies and techniques. Mentor and provide guidance to junior team members as needed. Qualifications: Bachelor’s/Master's degree in engineering, economics, mathematics, actuarial sciences, statistics. Affiliation to IAI or IFOA, with 7-9 CT actuarial exams, SP7 will be an added advantage 7yrs+ Actuarial experience in the P&C insurance industry Strong reserving experience or good knowledge of reserving methods and techniques. Experience with Solvency II or IFRS 17 is a plus. Advanced skills in Excel, VBA, SAS, and other relevant tools for data analysis and modeling. 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. 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.Job tags
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