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Business analyst-Actuarial Consultant @ EXL

Gurugram, Haryana, INOnsiteFull-timeJob reference 14446
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About this role

• Support quarterly and annual loss reserve analyses using actuarial best practices (such as Chain Ladder, Bornhuetter-Ferguson, Expected Loss Ratio, Cape Cod, Berquist Sherman, Frequency /Severity methods). • Prepare and analyze loss development patterns, trend, tail factors, and large loss activity. • Identify emerging issues and explain reserve movements, variability, and key drivers. • Maintain reserving datasets and assist in building automated analytical workflows. • Perform exploratory data analysis to identify emerging loss trends and anomalies. • Perform roll-forwards, AvE summaries, and other reserving analysis. • Support the timely preparation and submission of statutory and regulatory reports, basis jurisdiction. • Prepare actuarial exhibits, documentation, and reserve memos for reserve committee packs. • Work closely with claims, finance, underwriting, and actuarial teams to understand claim development patterns and business changes affecting reserves.

• Support quarterly and annual loss reserve analyses using actuarial best practices (such as Chain Ladder, Bornhuetter-Ferguson, Expected Loss Ratio, Cape Cod, Berquist Sherman, Frequency /Severity methods). • Prepare and analyze loss development patterns, trend, tail factors, and large loss activity. • Identify emerging issues and explain reserve movements, variability, and key drivers. • Maintain reserving datasets and assist in building automated analytical workflows. • Perform exploratory data analysis to identify emerging loss trends and anomalies. • Perform roll-forwards, AvE summaries, and other reserving analysis. • Support the timely preparation and submission of statutory and regulatory reports, basis jurisdiction. • Prepare actuarial exhibits, documentation, and reserve memos for reserve committee packs. • Work closely with claims, finance, underwriting, and actuarial teams to understand claim development patterns and business changes affecting reserves.

• Bachelor’s/Master's degree in engineering, economics, mathematics, actuarial sciences, statistics. • Affiliation to IAI, IFOA, CAS or SOA with 4+ actuarial exams. • 4-6 years of experience in P&C reserving and regulatory filings. • Knowledge of general insurance domain and P&C actuarial concepts is a must. • Experience of Solvency II, IFRS 4, IFRS 17 and/or GAAP reporting is desirable. • Working experience in reserving tools such as ResQ, Reservepro, Arius and other relevant tools for data analysis and reserves valuation. • Excellent analytical and problem-solving skills, with the ability to analyze large datasets and make data-driven decisions. • Strong communication skills, including the ability to effectively communicate complex 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.

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