Senior Lead Engineer, Services

JOB PURPOSE:

• As a member of our Rating team, the Actuarial Math Rating Analyst is responsible for implementing actuarial formulas in our application.
• Collaborate closely with clients’ actuaries and underwriters to understand and refine the algorithms used to calculate claim and premium rates
• Should be able to design and implement algorithms within the framework of our software; and then they code that design using our custom MATH programming language along with other elements of our Java-based software infrastructure.
• Evaluate and monitor the rating for accuracy, fast performance, and maintainability.
• This role has considerable room for self-direction and growth; you will have the opportunity to help determine your own responsibilities and trajectory within the company.

JOB DESCRIPTION & ACCOUNTABILITIES:

• Collaborate directly with our clients to understand and document insurance rating formulas in the form of spreadsheets, code, and written documentation.
• Work with Business Analysis and Core Development teams to refine rating algorithms and design their implementation in our software.
• Program, test, and optimize rating formulas and algorithms.
• Develop knowledge of actuarial operations and the insurance business, including rating and formula handling, underwriting, and product development
• Analyze problems and work closely with both internal and external stakeholders to develop solutions.
• Make recommendations to management regarding timelines and best practices.
• Work collaboratively with the entire 'Majesco Smart Underwriting Application' team to continually improve processes.

SOFT SKILLS

• Excellent written and verbal communication
• Ability to work both autonomously and as part of a team
• Should be initiative-taker and self-motivator.
• Should be inquisitive and an adaptive learner.
• Must have strong mathematical, logical, analytical, and problem-solving skills

EDUCATION / CERTIFICATION / TRAINING

• University degree in Computer Science/ Mathematics/ Actuarial Science, or a related field
• Equivalent skills gained through work experience may also be considered.

MUST HAVE REQUIREMENTS (order of priority)

• Fluency in Microsoft Excel spreadsheets and formulas
• Experience with VBA and/or functional programming.
• Experience with Java (Basic Knowledge).
• Strong mathematical, logical, analytical, and critical thinking / problem solving skills.
• Programming experience or training
• Excellent written and verbal communication
• Ability to work both autonomously and as part of a team.
• Proactivity and self-motivation
• Inquisitiveness and ability to learn quickly.

ASSETS

• Completion of first-level SOA/CAS actuarial exams