Actuarial Associate

New York, NY, USA Req #25853
Wednesday, January 17, 2024

Company Overview and Culture 

EXL (NASDAQ: EXLS) is a global analytics and digital solutions company that partners with clients to improve business outcomes and unlock growth. Bringing together deep domain expertise with robust data, powerful analytics, cloud, and AI, we create agile, scalable solutions and execute complex operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media, and retail, among others. Focused on creating value from data for driving faster decision-making and transforming operating models, EXL was founded on the core values of innovation, collaboration, excellence, integrity and respect. Headquartered in New York, our team is over 40,000 strong, with more than 50 offices spanning six continents. For information, visit

For the past 20 years, EXL has worked as a strategic partner and won awards in its approach to helping its clients solve business challenges such as digital transformation, improving customer experience, streamlining business operations, taking products to market faster, improving corporate finance, building models to become compliant more quickly with new regulations, turning volumes of data into business opportunities, creating new channels for growth and better adapting to change. The business operates within four business units: Insurance, Health, Analytics, and Emerging businesses. 

                  EXL Decision Analytics



EXL (NASDAQ:EXLS) is a leading operations management and analytics company that helps businesses enhance growth and profitability in the face of relentless competition and continuous disruption. Using our proprietary, award-winning Business EXLerator Framework™, which integrates analytics, automation, benchmarking, BPO, consulting, industry best practices and technology platforms, we look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. Headquartered in New York, New York, EXL has more than 24,000 professionals in locations throughout the United States, Europe, Asia (primarily India and Philippines), Latin America, Australia and South Africa.


EXL Analytics provides data-driven, action-oriented solutions to business problems through statistical data mining, cutting edge analytics techniques and a consultative approach. Leveraging proprietary methodology and best-of-breed technology, EXL Analytics takes an industry-specific approach to transform our clients’ decision making and embed analytics more deeply into their business processes. Our global footprint of nearly 2,000 data scientists and analysts assist client organizations with complex risk minimization methods, advanced marketing, pricing and CRM strategies, internal cost analysis, and cost and resource optimization within the organization.  EXL Analytics serves the insurance, healthcare, banking, capital markets, utilities, retail and e-commerce, travel, transportation and logistics industries.


Please visit www.exlservice.comfor more information about EXL Analytics.


Role Overview:


  • Over 10 years of extensive actuarial experience in the L&A actuarial space.
  • An associate/fellow from IAI/IFoA/ SOA
  • Proven expertise in international markets, including the US. Solid understanding of US-GAAP LDTI is highly desirable.
  • Proficiency in data handling, actuarial modeling, experience analyses, EV reporting, statutory reporting, ALM, and model testing & validation.
  • Familiarity with GGY Axis, MG Alpha, and Prophet, with additional experience in SQL/Python/R being advantageous.
  • Advanced life insurance and actuarial knowledge, coupled with strong technical, analytical, and problem-solving skills. Effective communication abilities and fluency in English.
  • Active involvement in new business development, including assessing client requirements and proposing innovative solutions.
  • Contribution to continuous improvement initiatives and ensuring compliance with Data Privacy and Protection Guidelines.







Key Responsibilities:


  • In-depth understanding of the current state of affairs and problem statements in L&A actuarial.
  • Regular client interactions to comprehend requirements, translate them into a business framework, and provide effective actuarial solutions.
  • Participation in transformation and automation initiatives.
  • Construction of actuarial models for life insurance products.
  • Lead/Review UAT testing, unit testing, regression testing, etc., for actuarial model testing and validation.
  • Outstanding written and verbal communication skills.


Candidate Profile:


  • Bachelor’s/Master's degree in economics, mathematics, or actuarial sciences.
  • Associate/Fellow member of IAI/IFoA or SOA.
  • Over 10 years of experience with a robust understanding of life insurance products, covering pricing, experience studies, modeling, reserving, and valuation.
  • Exposure to the US life insurance market is highly preferable.
  • Experience in international markets such as the US with good knowledge of US-GAAP LDTI.
  • Familiarity with polysystem, MG Alpha, GGY Axis, Prophet, or other modeling tools is a significant advantage. Experience in SQL/Python/R is desirable.
  • Strong ability to acquire technical and business knowledge rapidly.
  • Superior analytical and problem-solving skills.
  • Exceptional written and verbal communication skills.
  • Comfortable working in a fast-paced, continuously evolving environment and ready to tackle challenges.
  • Ability to understand cross-cultural differences and collaborate with clients globally.



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.

To view our total rewards offered click here —>
Base Salary Range Disclaimer: The base salary range represents the low and high end of the EXL base salary range for this position. Actual salaries will vary depending on factors including but not limited to: location and experience. The base salary range listed is just one component of EXL's total compensation package for employees. Other rewards may include bonuses, as well as a Paid Time Off policy, and many region specific benefits. 
Please also note that the data shared through the job application will be stored and processed by EXL in accordance with the EXL Privacy Policy. 

Application & Interview Impersonation Warning – Purposely impersonating another individual when applying and / or participating in an interview in order to obtain employment with EXL Service Holdings, Inc. (the “Company”) for yourself or for the other individual is a crime.  We have implemented measures to deter and to uncover such unlawful conduct.  If the Company identifies such fraudulent conduct, it will result in, as applicable, the application being rejected, an offer (if made) being rescinded, or termination of employment as well as possible legal action against the impersonator(s).

EXL may use artificial intelligence to create insights on how your candidate information matches the requirements of the job for which you applied. While AI may be used in the recruiting process, all final decisions in the recruiting and hiring process will be taken by the recruiting and hiring teams after considering a candidate’s full profile. As a candidate, you can choose to opt out of this artificial intelligence screening process. Your decision to opt out will not negatively impact your opportunity for employment with EXL.

Other details

  • Pay Type Salary
  • Min Hiring Rate $120,000.00
  • Max Hiring Rate $150,000.00
Location on Google Maps
  • New York, NY, USA