Manager – Pricing Actuarial

Description

KEY RESPONSIBILITIES:
Product Pricing
 Proposing rating structure and develop rates/review and revise rates for
retail products using advanced statistical techniques such as Generalized
Linear Model
 Collaborate in the design of new General Insurance P&C products along
with other stakeholders and play a pivotal role in product development.
 Create and review excel and EMBLEM models for pricing and profit
testing.
 Provide main technical inputs and ensure robustness of pricing models
and illustrations.
 Work with other functional stakeholders for execution and review of
technical pricing dashboards.
 Ability to provide insightful summary of the results of various iteration and
sensitivities done during pricing.
 Responsible for data analytics and management
 Review and sign off on all the pricing related work before review by
Appointed Actuary.
 Prepare pricing reports, F&U and other necessary documents to facilitate
product approval from IRDA.
 Active involvement in finalizing the pricing assumptions and take
necessary sign offs..

QUALIFICATION & EXPERIENCE:
 At least 6 Actuarial exams cleared
 Minimum prior experience of 3-5 years working in a general insurance and/or actuarial consultancy on motor or health line of business is required.
 Awareness of competitive landscape in the Indian General Insurance market and IRDA regulations would be an added advantage
 Experience of EMBLEM product pricing and other statistical analysis software like R, SAS, SQL Server preferred.