Actuarial Pricing Analyst

A leading global consultancy is seeking a motivated Actuarial Pricing Analyst to support its US Commercial Lines practice in Gurugram or Bangalore. In this technical role, you will focus on pricing and rating for major insurance lines, including Commercial Auto, General Liability, and Property. Furthermore, you will gain an in-depth understanding of ISO Commercial Lines Manuals (CLMs) and advanced rating algorithms. Consequently, this position offers an exceptional opportunity to deliver high-impact analytics for admitted carriers in the US market.

The Actuarial Pricing Analyst will collaborate closely with underwriters to provide creative solutions for product changes and complicated pricing approaches. Additionally, you will assist with regulatory rate filings by creating actuarial support exhibits and drafting memorandums. Therefore, the company is looking for a professional with up to 2 years of experience and a strong commitment to pursuing CAS credentials. If you are a dedicated team player with proficiency in SQL and 3 to 4 actuarial exams cleared, this role provides a premier platform for career growth.

Key Responsibilities

• Execute pricing and rating strategies for US Commercial lines of insurance.
• Apply an in-depth understanding of ISO Commercial Lines Manuals (CLMs) and complex rating algorithms.
• Design pricing mechanisms for Commercial Auto, General Liability, Property, Inland Marine, and Crime.
• Partner with underwriters to understand product requirements and provide training on pricing approaches.
• Assist lead actuaries with rate filings, drafting memorandums, and supporting regulatory objections.
• Maintain and manage SQL databases to support various actuarial and reporting processes.
• Conduct annual profitability studies to support data-driven pricing decisions and recommendations.
• Cater to specific data calls and reporting needs required by State Departments of Insurance.
• Participate in system implementation and User Acceptance Testing (UAT) for new insurance products.
• Prioritize tasks effectively to meet global client expectations and rigorous project timelines.

Requirements and Qualifications

Education and Experience

• Graduates or post-graduates in a quantitative field such as Actuarial Science or Mathematics.
• Between 0 to 2 years of experience in the Property and Casualty (P&C) insurance sector.
• Minimum of 3 to 4 actuarial exams cleared (Preferred – Exam CS2; excluding CB3/CT9).
• A strong desire to pursue actuarial credentials from the Casualty Actuarial Society (CAS).

Technical Skills and Competencies

• Preferred experience with SQL and VBA for database management and process automation.
• Strong analytical skills with the ability to interpret complex rating algorithms and data sets.
• Familiarity with compliance issues and regulatory requirements for US admitted carriers.
• Excellent written and verbal communication skills for drafting technical actuarial exhibits.
• Demonstrated ability to plan tasks, organize work, and prioritize based on importance.
• A proactive team player who keeps colleagues informed about critical work-related activities.

What the Company Offers

• An opportunity to work with experienced insurance professionals on a global stage.
• A rewarding environment that inspires and challenges technical actuarial experts.
• Exposure to advanced analytics capabilities and business process optimization.
• A culture that values responsibility, dedication, and the delivery of expert-managed services.

If you are an aspiring actuarial professional ready to master US commercial pricing for a premier global firm, we encourage you to apply today!