Actuarial-Regulatory & ComplianceWe are seeking an experienced Sr. Actuarial Analyst to join our team, focusing on risk monitoring, profitability analysis, and other key actuarial functions. This role involves conducting in-depth reviews of insurance product profitability, assessing portfolio risk, and working closely with various teams to support sound underwriting and pricing decisions.
The ideal candidate will bring a blend of technical actuarial skills, analytical expertise, and experience within the general insurance industry, particularly in Property & Casualty (P&C).Responsibilities include:Data extraction and preparation for pricing studies and analysisProviding pricing guidance and consulting services to different data, infrastructure, and IT teamsHelping the data team in developing data mart and recommending data elements to be included for use case enablement – Pricing, Rating, Filing, etc.Presenting actionable insights, recommendations, and findings to actuaries and data team (leadership)Developing project plans, executing, and helping in delivery excellenceConducting market and competitor research, especially filing materialSupporting filing activities including indications, base rate changes, rate monitoring, dislocations, etc.Preparing filing exhibits or regulatory requirement exhibitsDeveloping internal QC processes to ensure filing accuracy and qualityTraining and upskilling team members in new rating and filing tools & techniquesIdentifying process enhancements opportunities and proposing automation-based solutionsApplying actuarial pricing techniques of exposure and experience rating based on data quality and availabilityUnderstanding and incorporating product changes, rating factors, and other inputs to develop new rates or revise existing ratesCoordinating with product owners to understand pricing requirements and timelinesSupporting actuarial data processing involving loss development, trend analysis, and IBNR allocationSupporting data extraction, analysis, and transformation to produce final datasets for downstream analysisApplying advanced statistical techniques like GLMs, XGBoost, Lasso, etc. to build predictive modelsUnderstanding and incorporating external factors like inflation, CAT impact, etc. to produce comprehensive ratesPartnering with underwriting, finance, and data analytics teams to align on product goals and refine risk management strategiesQualifications include:Bachelor's degree in actuarial science, Mathematics, Statistics, or a related field; completion of actuarial exams with ASA or FSA designation preferredExtensive experience in P&C Actuarial Pricing – LC Modeling, Rate revisions, indications, Rate monitoring, etc.Experience working with large data – Policy, claims, external dataProven expertise in risk assessment, monitoring, and profitability reviewStrong analytical and quantitative skills, with proficiency in actuarial modeling software (e.g., R, SAS, Python) and ExcelWorking experience with insurance regulations, rate filings, and compliance requirementsExcellent communication and interpersonal skills, with the ability to explain complex concepts to non-technical stakeholdersRequired skills include:Adapting To ChangeAdobe Design SoftwareAttention To ConsistencyCSS Software ToolsFigmaFront end JavaScriptHTMLInVisionInterpersonal Dynamics with CoworkersInvisionResults OrientationSketchTime Management SkillsWorking under PressureWriting Communication Skills