Senior Actuarial Consultant

Role : Senior Actuarial Consultant
Location: Webster, MA
Hire Type: Full-Time with EXL
Experience : 8+ Years
We are primarily looking for candidates who are at least open to travel.
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
Bachelor’s 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.
What we offer:
EXL Analytics offers an exciting, fast paced and innovative environment, which brings together a group of sharp and entrepreneurial professionals who are eager to influence business decisions. From your very first day, you get an opportunity to work closely with highly experienced, world class analytics consultants.
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.
We provide guidance/ coaching to every employee through our mentoring program wherein every junior level employee is assigned a senior level professional as advisors.
Sky is the limit for our team members. The unique experiences gathered at EXL Analytics sets the stage for further growth and development in our company and beyond

Work arrangement
Yes