EXL Service - Assistant Vice President - Actuarial - Life Insurance Domain

EXL Decision Analytics

EXL (NASDAQ:EXLS) is a leading operations management and analytics company that helps businesses enhance growth and profitability in the face of relentless competition and continuous disruption. Using our proprietary, award-winning Business EXLerator Framework-, which integrates analytics, automation, benchmarking, BPO, consulting, industry best practices and technology platforms, we look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. Headquartered in New York, New York, EXL has more than 24,000 professionals in locations throughout the United States, Europe, Asia (primarily India and Philippines), Latin America, Australia and South Africa.

EXL Analytics provides data-driven, action-oriented solutions to business problems through statistical data mining, cutting edge analytics techniques and a consultative approach. Leveraging proprietary methodology and best-of-breed technology, EXL Analytics takes an industry-specific approach to transform our clients- decision making and embed analytics more deeply into their business processes. Our global footprint of nearly 2,000 data scientists and analysts assist client organizations with complex risk minimization methods, advanced marketing, pricing and CRM strategies, internal cost analysis, and cost and resource optimization within the organization. EXL Analytics serves the insurance, healthcare, banking, capital markets, utilities, retail and e-commerce, travel, transportation and logistics industries.

Please visit www.exlservice.com for more information about EXL Analytics.

Role Overview:

- Independent research, to analyze, and to present data as assigned

- Expected to work in close collaboration with the EXL team and clients on life insurance actuarial projects for US markets

- Critically examine and deep dive into models and identify possible areas of testing

- Conduct comprehensive testing and validation of actuarial models such as unit testing, Regression testing, user acceptance testing, etc.

- Build automated models (Testware/challenger Model) in MS Excel or any other suitable platform to test the output of actuarial models.

- Prepare detailed end-to-end documentation for the models developed and the testing done

- Assist in learning and development of new team members

- 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 providing actuarial solutions

- Model testing and validation for USA life insurance products

- Build automated models in suitable platform to test actuarial model output

- Excellent written and verbal communication skills

- Sr. Student Actuary is expected to manage the team of junior actuaries

Candidate Profile:

- Bachelor- s/Master's degree in economics, mathematics, actuarial sciences, statistics

- Affiliation to IAI or IFOA, and exam criteria;

- Sr. Student Actuary: at least 6 actuarial exams

- Experience level required;

- Sr. Student Actuary : 5+ years

- knowledge of US life insurance products is required

- Working knowledge of US regulatory environment such as LDTI (Long Duration Target Improvements) and PBR (Principal Base Reserve) is preferred

- Prior experience is Pricing/Modeling is preferred

- Experience with Excel, SQL, VBA is preferred and knowledge of Python is an added advantage

- Knowledge of MG-Alfa, Prophet, R, Matlab or any other actuarial software would be good to have

- Strong ability to learn technical and business knowledge

- Superior analytical and problem-solving skills

- Outstanding written and verbal communication skills

- Able to work in fast pace continuously evolving environment and ready to take up uphill challenges

- Is able to understand cross cultural differences and can work with clients across the globe

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.