Actuarial Analyst

Role & Responsibilities Overview:

• Conduct actuarial analyses for U.S. P&C insurance products across multiple states, performing indication analyses and rate reviews to support commercial lines pricing and regulatory filings.
• Analyze data and perform actuarial calculations to generate state-specific filing exhibits and documents for DOI submissions.
• Manage filings and regulatory objections with Departments of Insurance (DOIs) across multiple Lines of Business (LOBs).
• Support monthly/quarterly rate updates and processes (rate files, RPC, forecasts).
• Assist in the development and enhancement of rate-filing tools, models, and processes to improve accuracy and efficiency.
• Prepare detailed documentation for rate review, pricing models, and state filing reports and preparing presentations
• Assist in analyzing, identifying and tracking new market trends, including underwriting and rate actions and proposing what actions to take
• Assist in audit functions as needed and ensure compliance with Data Privacy and Protection Guidelines
• Provide support in the preparation of financial reports, including reserve-related disclosures.
• Stay updated with best practices in actuarial methodologies and techniques.
• Mentor and provide guidance to junior team members as needed.

Candidate Profile:

• Bachekors or Master's degree in economics, mathematics, computer science/engineering, operations research or related analytics areas
• Based out of India
• Affiliation to IAI, IFOA or CAS, with 2-6 actuarial exams will be an added advantage
• 4-7 years actuarial experience in the P&C insurance industry. Experience with or exposure to Commercial insurance products preferred
• Good understanding of P&C insurance concepts and actuarial principles
• Familiarity with US State-specific rate filing processes is preferred
• Proficiency in Excel, SQL, and other relevant tools for data analysis and modeling. Experience in Python and Databricks is good to have
• 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.