Actuarial Modelling & Valuation - Life, US Insurance

About EXL

At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We are extremely proud of our differentiated workforce that totals more than 37,000+ professionals, spread across 54 global delivery centers and supports 25+ languages. Please visit www.exlservice.com for more information about EXL Analytics.

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

Exp – 0-5yr experience in Life Actuarial domain

Key Skills – Valuation USGAAP, Actuarial modelling on any Tool like GGY-Axis / MGALFA / PROPHET / Polysystems or any other actuarial software, Exp in Python,

Others – Good understanding of life and annuity cashflows ; have a natural inclination towards actuarial modelling and data handling through python

3-6 Exams cleared ;

Role Overview:

· 0-5 years of actuarial experience in life insurance.

· Should have passed 3-6 actuarial exams. Actuarial modelling over any of the tools like GGY-AXIS / MGALFA / Prophet / Polysystems or any other actuarial software, Python, Valuation is Preferred

· Experience of working in international markets such as US. Experience with Indian market will also be preferred. Good working knowledge of US-GAAP LDTI is preferable

· Certification and hands on experience in Python. Good to have exposure in data handling, actuarial modeling, model testing & validation.

· Good understanding of life and annuity cashflows ; have a natural inclination towards actuarial modelling and data handling through python

· Advanced life insurance and actuarial knowledge, strong technical, analytical, problem solving and interpersonal skills, effective communicator to superiors, peers and subordinate, good command of the English language.

· Must contribute towards new business development such as assessing pain areas for our clients, generating solutions for clients.

· 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

· Interacting with clients on regular basis, understanding their requirements and transforming that into business framework and providing actuarial solutions

· Work on transformation/automation initiative.

· Build actuarial models for life insurance products.

· Perform UAT testing, Unit testing, regression testing etc. for Actuarial model testing & validation.

· Excellent written and verbal communication skills