Role & Responsibilities:
- Develop, refine, and maintain pricing and risk models for P&C; insurance products using both Generalized Linear Models (GLMs) and machine learning techniques, with a focus on personal lines auto and homeowners.
- Build end-to-end modeling pipelines covering data preparation, feature engineering, variable selection, model fitting, validation, and performance monitoring on large policy and claims datasets.
- Apply machine learning methods such as GBMs (XGBoost/LightGBM), random forests, and penalized regression alongside traditional GLMs, and blend or benchmark approaches to improve lift, stability, and interpretability.
- Collaborate with the Pricing and Actuarial teams to translate model outputs into rating plans, pricing strategies, and rate indications for admitted business.
- Support rate reviews and regulatory filings by producing model documentation, exhibits, and defensible explanations of model structure and variable effects.
- Conduct competitive analysis and market research to keep pricing models aligned with market trends, loss cost developments,



and regulatory changes.
- Design and enhance pricing tools, model deployment workflows, and analytical assets to streamline and automate pricing processes.
- Continuously monitor model performance in production, diagnose degradation or dislocation issues, and recommend recalibration or redevelopment where needed.
- Present modeling findings and recommendations to management, underwriters, product managers, and client stakeholders in a transparent, business-oriented manner.
- Mentor and review the work of junior analysts, and contribute to best practices in modeling standards, documentation, and governance.

Candidate Profile:
- Bachelor's/Master's degree in engineering, economics, mathematics, actuarial science, statistics, data science, or a related quantitative field. (Required)
- 3-10 years of pricing/modeling experience in the P&C; insurance industry, with hands-on model development ownershi

📌 Manager/Senior Manager Pricing Modeler (Gurugram)
🏢 Bean HR Consulting
📍 Gurugram