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
- 8+ years’ of actuarial experience in life insurance.
- Should have passed at least 6 actuarial exams preferably from SoA, IFoA or IAI.
- Experience of working in US/ UK life insurance industry.
- Exposure in actuarial modeling in any software.
- Deep understanding of Life and Annuity product features
- Document the complex product features for IT team and ensure that the features are correctly set into the product administration system.
- Advanced life insurance and actuarial knowledge, strong technical, analytical, problem solving and interpersonal skills, effective communicator to superiors, peers and subordinate.
- Assist in learning and development of team members
- Good VBA skills
- Excellent business skills leading to understanding of client's requirements
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
- Initiate and lead process transformation/automation initiative.
- Provide coaching to team on build actuarial models for annuities, retirement, term product etc.
- Provide coaching to team on build actual L&A models, testware, challenger model and perform UAT testing, Unit testing, regression testing etc. for Actuarial model testing & validation.
- Excellent written and verbal communication skills
Candidate Profile
- Bachelor’s/Master's degree in economics, mathematics, actuarial sciences.
- Affiliation to IAI, SoA or IFOA.
- At least 5+ years’ experience, with good understanding of Life products - pricing, experience studies, modeling, reserving and valuation.
- Exposure to US life insurance market is preferable.
- Experience of working in international markets such as US or UK. Good working knowledge of PBR, US-GAAP LDTI.
- 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.
