5 Actuarial Modeling Jobs

You will be responsible for executing model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals for low-, moderate-, or high-risk models. In this role, you may coordinate with a team of 1-2 quantitative model validators to test and evaluate the conceptual soundness of actuarial and other models, as well as assess limitations and suitability for use. Your expertise in Insurance and Actuarial Modeling, or Statistical and Stochastic processes will be crucial for this position. Your key responsibilities will include conducting annual reviews of low-, moderate-, or high-risk models. You will also be responsible for validation scripts, validation report preparation, and review of low-, moderate-, or high-risk model validations. Additionally, you will consult with model owners and developers to promote best practices and address any questions or deficiencies that may arise. You will play a key role in establishing the scope and testing of low-, moderate-, or high-risk model validations, offering guidance on complex issues as needed. Furthermore, you will support model governance policies and procedures, templates, and risk reporting, and provide level 2 technical support to the business. To qualify for this role, you must have a minimum of 7 years of experience in model risk management in insurance or banking, along with a master's degree in science, math, statistics, or a related area. Preferred qualifications include an Actuarial designation or substantial progress toward a designation such as Associate of the Society of Actuaries, USA or Fellow of the Society of Actuaries, USA. Designations from other actuarial organizations will also be considered. A PhD and familiarity with SR 11-7/OCC 2011-12 are also advantageous. Join Ameriprise India LLP, a U.S.-based financial planning company with a global presence, as we provide client-based financial solutions to help clients plan and achieve their financial objectives. Our focus areas include Asset Management and Advice, Retirement Planning, and Insurance Protection. At Ameriprise, you will be part of an inclusive, collaborative culture that values your contributions and offers opportunities for career growth. If you are talented, driven, and seek to work for an ethical company that cares, take the next step and create a rewarding career at Ameriprise India LLP. This is a full-time position with working hours from 2:00 pm to 10:30 pm. The role is part of the Finance job family group within the India Business Unit at AWMP&S President's Office.,

As a Strategic Initiatives Consultant, you will play a crucial role in the newly formed Strategic Initiatives team. Your responsibilities will include supporting pricing and execution of internal and external reinsurance initiatives from an actuarial perspective. Additionally, you will provide strategic direction to key teams, such as methodology, governance, and modeling for transaction implementation. Collaboration with other teams, including Stat/GAAP valuation, model development, and assumption development for new product development/reinsurance activities, will also be a key aspect of your role. Key Responsibilities: - Analyze, price, and implement new flow and reinsurance transactions in partnership with Stat/Valuation and Finance. - Coordinate cross-functional teams, including model development, finance, and legal, in closing reinsurance transactions. - Assist in reviewing EBS valuation and stress testing results of inforce variable annuities businesses. - Collaborate with Investments on ALM Strategies for capital management initiatives. - Support assumption reviews and stress testing. Skills: - Accuracy and Attention to Detail: Ability to complete tasks with high levels of precision. - Effective Communications: Ability to transmit, receive, and interpret ideas accurately. - Managing Multiple Priorities: Ability to manage multiple concurrent objectives effectively. - Statistics and Actuarial Modeling: Knowledge of modeling tools and techniques for risk management decisions. - Diversity, Equity, and Inclusion: Commitment to treating everyone with respect and dignity. Required Qualifications: - Bachelor's degree in Mathematics, Statistics, Economics, and/or Actuarial Sciences. - FSA/FCIA qualifications (Fellow from IAI India or IFoA UK). - 7+ years of actuarial experience (10+ years in Life Insurance US Market, 3+ years in making reinsurance deals, merger, and acquisition). - Familiarity with reinsurance accounting or capital management. - Prefer knowledge of AXIS, Variable Annuity, and IFRS/USGAAP/US Stat/MCEV frameworks.,

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 for more information about EXL Analytics. Role Overview: 3-6 years of actuarial experience in life insurance. Should have passed 4-12 actuarial exams. 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. Must have exposure in data handling, actuarial modeling, experience analyses, EV reporting, statutory reporting, ALM and model testing & validation. Experience working with GGY Axis, MG Alpha and Prophet will be an added advantage. Experience in SQL/Python/R is desirable but not mandatory. Advanced life insurance and actuarial knowledge, strong technical, analytical, problem solving and interpersonal skills, effective communicator to superiors, peers and subordinate, good command of theEnglish 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 Candidate Profile: Bachelor's/Master's degree in economics, mathematics, actuarial sciences. Affiliation to IAI, SoA or IFOA. At least 3-6 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 India. Good working knowledge of US-GAAP LDTI is preferable but not mandatory. Exposure to polysystem, MG Alpha, GGY Axis, Prophet and/or any other modelling tool will be an added advantage. Experience in SQL/Python/R is desirable but not mandatory. 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.

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 for more information about EXL Analytics. Role Overview: 3-10 years of actuarial experience in life insurance. Should have passed 4-12 actuarial exams. 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. Must have exposure in data handling, actuarial modeling, experience analyses, EV reporting, statutory reporting, ALM and model testing & validation. Experience working with GGY Axis, MG Alpha and Prophet will be an added advantage. Experience in SQL/Python/R is desirable but not mandatory. Advanced life insurance and actuarial knowledge, strong technical, analytical, problem solving and interpersonal skills, effective communicator to superiors, peers and subordinate, good command of theEnglish 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 Candidate Profile: Bachelor's/Master's degree in economics, mathematics, actuarial sciences. Affiliation to IAI, SoA or IFOA. At least 3-10 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 India. Good working knowledge of US-GAAP LDTI is preferable but not mandatory. Exposure to polysystem, MG Alpha, GGY Axis, Prophet and/or any other modelling tool will be an added advantage. Experience in SQL/Python/R is desirable but not mandatory. 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.

Primary Responsibilities Understand and interpret the key drivers of health care trends; projecting expected revenue and cost Develop pricing methodologies and assumptions Conduct and evaluate studies on pricing, utilization and health care costs Perform mathematical analyses and actuarial modeling to provide management with statistical findings and conclusions Perform quantitative analysis of actuarial, financial, utilization and costs data Analyze forecasts and trends to help leaders make decisions Anticipates customer needs and proactively develops solutions to meet them Serves as a key resource on complex and/or critical issues Reviews work performed by others and provides recommendations for improvement Lead analysts in to support and enhance the forecasting & reporting requirements of various clients Lead teams to deliver quality results against aggressive timelines and across multiple projects while maintaining process standards and controls Effectively define and manage deadlines for projects that help meet overall team goals Develop trusted and effective relationships with leaders in other areas of the company that we support Identify inefficiencies in process and models and proactively take steps to implement changes Comply with the terms and conditions of the employment contract, company policies and procedures, and any and all directives (such as, but not limited to, transfer and/or re-assignment to different work locations, change in teams and/or work shifts, policies in regards to flexibility of work benefits and/or work environment, alternative work arrangements, and other decisions that may arise due to the changing business environment). The Company may adopt, vary or rescind these policies and directives in its absolute discretion and without any limitation (implied or otherwise) on its ability to do so Required Qualifications Bachelors Degree in Mathematics, Statistics, Science, Engineering, Economics, or another related technical field from an accredited college/university 13+ years of total relevant work experience in HealthCare domain 5+ years of actuarial / analytics experience in the US healthcare market Experience building models using SAS or SQL or other programming system Understanding of statistical concepts and probability Advanced Proficiency in SAS (Statistical Analysis System) or SQL (Structure Query Language) or other programming system Proven solid written and verbal communication skills and experience interacting with senior management