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 & Responsibilities
Overview:
Support in the creation and update of data definitions to allow for reserving data to be classed into risk-profiled subsets for actuarial analysis Coding in Databricks to encode claims datasets per their defined class codes for further analysis and reconciliation against multiple internal sources for credibility & data assurance Maintain current expense (Adjustment & Other expense) processes, while improving them to goal state levels Develop tracking tables for monitoring catastrophe claims for the client’s book of business Create and enhance templates that estimate and track key actuarial diagnostic metrics like AvE, PYD, Settlement rates etc.
Support with the preparation of exhibits for regulatory filing Develop and maintain reserve models in tools like ResQ, Arius etc. Identify opportunities for seamless integration with downstream processes Assist in the development and enhancement of other actuarial tools, models, and processes to improve accuracy and efficiency. Provide support with the preparation of financial reports, recons and dashboards. Stay updated with best practices in actuarial and insurance terminology.
Mentor and provide guidance to junior team members as needed. Candidate Profile: Bachelor’s/Master's degree in engineering, economics, mathematics, actuarial sciences or statistics. Affiliation to IAI or IFOA, with 2-6 CT actuarial exams will be an added advantage 5-6 years Actuarial experience in the P&C insurance industry Good knowledge of insurance terms Advanced skills in Excel, Databricks, SQL, and other relevant tools for data analysis and modeling.
Familiarity with reserving tools like ResQ, Arius is preferred 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:
Job details are sourced from the employer's original posting.
Open job postingAbout the company
EXL is a leading operations management and analytics company that helps businesses improve their performance.