About the role
Job Summary
* We 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).
Key Responsibilities
* Data extraction and preparation for pricing studies and analysis * Provide Pricing guidance and consulting services to different data, infrastructure and IT team * Help Data team in developing data mart and recommending data elements to be included for use case enablement – Pricing, Rating , Filing etc. * Present actionable insights, recommendations and finding to Actuaries and Data team (leadership) * Develop project plan , execute and help in delivery excellence * Conduct market and competitor research esp. filing material * Support filing activities including indications, base rate changes, rate monitoring, dislocations etc. * Prepare filing exhibits or regulatory requirement exhibits * Develop internal QC processes to ensure filing accuracy and quality * Train and upskill team members in new rating and filing tools & techniques * Identify process enhancements opportunities and propose automation-based solutions * Apply actuarial pricing techniques of exposure and experience rating based on data quality and availability * Understand and incorporate product changes, rating factors and other inputs to develop new rates or revise existing rates * Coordinate with product owners to understand pricing requirements and timelines * Support actuarial data processing involving loss development, trend analysis and IBNR allocation * Support data extraction, analysis and transformation to produce final datasets for downstream analysis * Apply advanced statistical techniques like GLMs, XGBoost, Lasso etc. to build predictive models * Understand and incorporate external factors like inflation, CAT impact etc.to produce comprehensive rates
* Cross-Functional Collaboration: * Partner with underwriting, finance, and data analytics teams to align on product goals and refine risk management strategies. * Present findings to senior leadership, translating complex actuarial concepts into actionable insights.
Qualifications
* Bachelors degree in actuarial science, Mathematics, Statistics, or a related field; completion of actuarial exams with ASA or FSA designation preferred. * Extensive experience in P&C Actuarial Pricing – LC Modeling, Rate revisions, indications, Rate monitoring etc. * Experience working with large data – Policy, claims , external data * Proven expertise in risk assessment, monitoring, and profitability review. * Strong analytical and quantitative skills, with proficiency in actuarial modeling software (e.g., R, SAS, Python) and Excel. * Working experience with insurance regulations, rate filings, and compliance requirements. * Excellent communication and interpersonal skills, with the ability to explain complex concepts to non-technical stakeholders. * Ability to work independently and collaboratively in a fast-paced, dynamic environment.
Originally posted on Himalayas