Business Analyst – Actuarial Consultant

EXL

Business Analyst-Actuarial Consultant at EXL Analytics supporting loss reserve analyses using actuarial best practices. Collaborating with claims, finance, and underwriting teams on data-driven decisions.

Posted 5/25/2026full-timeGurugram • 🇮🇳 IndiaMid-LevelSeniorWebsite

About the role

Key responsibilities & impact

Support quarterly and annual loss reserve analyses using actuarial best practices (such as Chain Ladder, Bornhuetter-Ferguson, Expected Loss Ratio, Cape Cod, Berquist Sherman, Frequency /Severity methods).
Prepare and analyze loss development patterns, trend, tail factors, and large loss activity.
Identify emerging issues and explain reserve movements, variability, and key drivers.
Maintain reserving datasets and assist in building automated analytical workflows.
Perform exploratory data analysis to identify emerging loss trends and anomalies.
Perform roll-forwards, AvE summaries, and other reserving analysis.
Support the timely preparation and submission of statutory and regulatory reports, basis jurisdiction.
Prepare actuarial exhibits, documentation, and reserve memos for reserve committee packs.
Work closely with claims, finance, underwriting, and actuarial teams to understand claim development patterns and business changes affecting reserves.

Requirements

What you’ll need

Bachelor’s/Master's degree in engineering, economics, mathematics, actuarial sciences, statistics.
Affiliation to IAI, IFOA, CAS or SOA with 4+ actuarial exams.
4-6 years of experience in P&C reserving and regulatory filings.
Knowledge of general insurance domain and P&C actuarial concepts is a must.
Experience of Solvency II, IFRS 4, IFRS 17 and/or GAAP reporting is desirable.
Working experience in reserving tools such as ResQ, Reservepro, Arius and other relevant tools for data analysis and reserves valuation.
Excellent analytical and problem-solving skills, with the ability to analyze large datasets and make data-driven decisions.
Strong communication skills, including the ability to effectively communicate complex actuarial concepts to both technical and non-technical stakeholders.
Ability to work independently and collaboratively in a team-oriented environment.
Detail-oriented with strong organizational and time management skills.
Ability to adapt to changing priorities and deadlines in a fast-paced environment.

Benefits

Comp & perks

Health insurance
Flexible working arrangements
Professional development opportunities

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Chain LadderBornhuetter-FergusonExpected Loss RatioCape CodBerquist ShermanFrequency methodsSeverity methodsexploratory data analysisloss development patternsstatutory and regulatory reporting

Soft Skills

analytical skillsproblem-solving skillscommunication skillsteam collaborationorganizational skillstime management skillsadaptabilityattention to detail

Certifications

Bachelor's degreeMaster's degreeIAI affiliationIFOA affiliationCAS affiliationSOA affiliation4+ actuarial exams