Manager – Pricing Actuarial
Savanna HR
Software Engineer
3-5 Yrs
Mumbai
Posted: a year ago
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.
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