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Senior Actuarial Analyst

EXLNew Jersey🇺🇸United States

Quick overview

SeniorityMid Senior
Work modeRemote
LocationNew Jersey, United States
Microsoft ExcelCompliancePythonRisk AssessmentRisk ManagementUnderwritingData AnalysisXGBoost

Job description

  • 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.

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