Actuarial Associate

12 hours ago

Old Toronto, Ontario, Canada EXL Service Full time
About EXL Service

EXL Service is a global analytics and digital solutions company that partners with clients to improve business outcomes and unlock growth. With a team of over 40,000 professionals across six continents, we bring together deep domain expertise with robust data, powerful analytics, cloud, and AI to create agile, scalable solutions for the world's leading corporations.

Job Description

We are seeking an experienced Actuarial Associate to join our team. As an Actuarial Associate, you will work closely with our clients to understand their business challenges and provide effective actuarial solutions. You will be responsible for constructing actuarial models for life insurance products, leading/ reviewing UAT testing, unit testing, regression testing, etc., for actuarial model testing and validation, and participating in transformation and automation initiatives.

Key Responsibilities
  • Develop in-depth understanding of the current state of affairs and problem statements in L&A actuarial.
  • Regular client interactions to comprehend requirements, translate them into a business framework, and provide effective actuarial solutions.
  • Participate in transformation and automation initiatives.
  • Construct actuarial models for life insurance products.
  • Lead/Review UAT testing, unit testing, regression testing, etc., for actuarial model testing and validation.
Requirements
  • Bachelor's/Master's degree in economics, mathematics, or actuarial sciences.
  • Associate/Fellow member of IAI/IFoA or SOA.
  • Over 10 years of experience with a robust understanding of life insurance products, covering pricing, experience studies, modeling, reserving, and valuation.
  • Exposure to the US life insurance market is highly preferable.
  • Experience in international markets such as the US with good knowledge of US-GAAP LDTI.
  • Familiarity with polysystem, MG Alpha, GGY Axis, Prophet, or other modeling tools is a significant advantage. Experience in SQL/Python/R is desirable.
What We Offer
  • EXL Analytics offers an exciting, fast-paced, and innovative environment that brings together a group of sharp and entrepreneurial professionals who are eager to influence business decisions.
  • You can expect to learn many aspects of businesses that our clients engage in. You will also learn effective teamwork and time-management skills - key aspects for personal and professional growth.
  • Analytics requires different skill sets at different levels within the organization. At EXL Analytics, we invest heavily in training you in all aspects of analytics as well as in leading analytical tools and techniques.

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