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Position:Analyst, Global Actuarial & Analytics Services

Location:Gurugram

Job Responsibilities

• Pricing/rating for US Commercial lines of insurance
• In depth understanding of ISO CLMs (Insurance Services Office- Commercial Lines Manual) and Rating algorithms.
• Designing product, pricing mechanism and respective supporting services for Commercial Auto, Commercial General Liability, Commercial Property, Inland Marine and Crime.
• Understand Underwriter requirements for product changes and provide creative solutions along with help in training on complicated pricing approaches & compliance issues
• Maintain SQL Database for different processes
• Assist actuaries with rate filings to be submitted to regulators, create actuarial support exhibits & draft memorandum & provide filing objection support.
• Involved in annual Profitability studies to support pricing decisions, and provide recommendations to the business partners & Underwriters
• Involved in implementation of product in the system, participate in UAT to provide sign off
• As a data expert, cater to the data calls and reporting needs of the State/Department of Insurance required by an admitted carrier

Qualifications and skills required:

• Graduates or post-graduates
• 0-2 years of property and casualty insurance experience
• 3-4 Actuarial Exams as per new curriculum, not including CB3/CT9 (Preferred – Exam CS2)
• Open to pursuing actuarial credentials from Casualty Actuarial Society (CAS)
• SQL/VBA Experience preferred
• Good written and verbal communication, and a team player
• Strong analytical skills
• Demonstrates behaviors consistent with the organization’s values
• Responsible and dedicated to meet the clients’ expectations
• Plans tasks and organizes own work
• Prioritizes tasks in order of importance
• Keeps the team informed about work-related activities