Senior Actuary _ Life GGY-Axis Models

About EXL

At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We are extremely proud of our differentiated workforce that totals more than 37,000+ professionals, spread across 54 global delivery centers and supports 25+ languages. Please visit www.exlservice.com for more information about EXL Analytics.

EXL’s 15+ years old ACTUARIAL practice is a multi-disciplinary group with an industry focus on the insurance sector (like Property & Casualty, Life Insurance, Health care, Retirement Benefits, Reinsurance). Our actuarial practice has a reputation for strong quantitative expertise and thought leadership in the industry. Through these years, our experienced practitioners have helped clients turn risk into opportunity by pairing science and art to develop solutions to their most pressing challenges around risk and insurance. We allow organizations to optimally balance their key business objectives in the context of their long term business outlook

Exp – 10yrs+ experience in Actuarial modelling, GGY Axis Tool

Location - Hybrid, Gurgaon

Notice - Early Joiners Preferred

Role Overview:

• 10+ years’ of actuarial experience in Life insurance
• Associate Actuary level preferably from SoA, IFoA or IAI- equivalent to AIA / ASA
• Experience of working in US life insurance industry.
• Exposure in actuarial modeling in AXIS with above average modelling skills.
• Assist the Model Development team to code Interest Sensitive Annuity blocks of business into existing AXIS models.
• Modeling and analysis of product cash flows and associated risks to support regulatory requirements and strategic business needs.
• 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 clients 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 SoA, IAI or IFOA. Preferably an associate actuary.
• At least 10+ years’ experience in modeling, with good understanding of US Life products. Must also have exposure in either - pricing, 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 PBR, US-GAAP LDTI.
• Must have exposure in actuarial modeling, model testing & validation.
• Experience working with AXIS, Prophet can be considered. 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