Job Description: EXL is seeking a Part Qualified or Nearly Qualified Actuary to support U.S. Property & Casualty (P&C;) insurance pricing, ratemaking, regulatory filings, and portfolio monitoring . The role involves developing actuarially sound rate indications, preparing rate filings for U.S. insurance regulators, analyzing portfolio performance, and collaborating with underwriting, claims, compliance, and data teams to drive profitable growth.

Responsibilities: 1. Rate Indications & Pricing Support

- Develop actuarially sound rate indications.
- Perform trend, loss development, exposure, and profitability analyses.
- Support pricing model and rating algorithm development.
- Recommend pricing strategies to improve profitability and growth.
- Conduct competitive and market research.
- Collaborate with Underwriting, Claims, Compliance, and Reserving teams.
- Monitor pricing effectiveness and recommend improvements.

2. Rate Filing Development & Regulatory Compliance
- Prepare and submit rate filings to U.S. State Insurance Departments.
- Draft actuarial memorandums and supporting documentation.
- Ensure compliance with:
- NAIC
- ISO
- NCCI
- State DOI requirements

- Respond to regulatory objections and interrogatories.




- Support implementation of approved rate changes.

3. Rate Retention & Portfolio Monitoring
- Create monthly rate monitoring and retention reports.
- Track:
- Achieved rate changes
- Retention trends
- Premium growth
- Policy count movements

- Analyze customer retention following rate changes.
- Identify drivers behind performance variances.
- Automate reporting and monitoring processes.
- Build scalable reporting frameworks and datasets.

Qualifications: Education

- Bachelor's or Master's degree in:
- Actuarial Science
- Mathematics
- Statistics
- Economics
- Engineering

Professional Qualifications
- Affiliation with IAI, IFoA, CAS, or SOA
- 8+ actuarial exams completed
- Part Qualified or Nearly Qualified Actuary

Experience
- 4-6 years of actuarial experience
- Preferred experience in:
- U.S. P&C; Insurance
- Ratemaking
- Pricing
- Regulatory Filings

Technical Skills
- Advanced Excel
- VBA
- SAS
- SQL
- R
- Python
- Power BI
- QlikView

Soft Skills
- Robust analytical and problem-solving abilities
- Excellent communication skills
- Stakeholder management
- Team collaboration
- Ability to work independently

📌 Consultant || ,Rate Filling (Haryana)
🏢 EXL Service
📍 Haryana