Consultant || ,Rate Filling

Company : Exl

Job Description - Consultant || ,Rate Filling

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

Python

Power BI

QlikView

Soft Skills

Strong analytical and problem-solving abilities

Excellent communication skills

Stakeholder management

Team collaboration

Ability to work independently

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Consultant || ,Rate Filling

Job Description - Consultant || ,Rate Filling

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