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 & Responsibilities Overview
- Oversee the preparation of loss reserve estimates, including IBNR and case reserves, ensuring accuracy and compliance with regulatory and accounting standards. .
- Develop, review, and enhance reserving methodologies and models, incorporating advanced statistical techniques and industry best practices.
- Coordinate with client and conduct reserving reviews, working closely with actuaries, finance, underwriting, claims, and external auditors .
- Monitor reserve adequacy and perform risk assessments to identify emerging trends and potential reserve deficiencies.
- Drive continuous improvement initiatives to streamline reserving processes, enhance data quality, and increase automation .
- Ensure compliance with applicable actuarial standards of practice, accounting principles (e.g., GAAP, IFRS), and regulatory requirements.
- Develop and maintain reserve models in tools like ResQ, Arius etc. Identify opportunities for seamless integration with downstream processes
- Lead and manage the reserving team, providing guidance, coaching, and development opportunities.
Candidate Profile
- Bachelor’s/Master's degree in engineering, economics, mathematics, actuarial sciences or statistics.
- Affiliation to IAI or IFOA, nearly qualified actuary or actuary with 8+ CT actuarial exams will be an added advantage
- 8+ years Actuarial experience in the P&C insurance industry
- Good knowledge of insurance products, regulatory frameworks, and accounting standards related to reserving.
- 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
- 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.
