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
Skilled 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
Tec

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