Description

Collaborate in the design of new General Insurance products along with other stakeholders and play a pivotal role in product development
Create and review excel, R and EMBLEM models for pricing, portfolio monitoring and profit testing
Provide main technical inputs and ensure robustness of pricing models and illustrations
Ability to provide insightful summary of the results of various iteration and sensitivities done during pricing
Review and sign off on all the pricing related work before review by Actuary and Appointed Actuary
Review pricing reports,and other necessary documents to facilitate product approval from IRDA
Active involvement in finalizing the pricing assumptions and take necessary sign offs
Ability to work with minimum supervision and problem-solving ability
Completion of tasks on time and at desired standards including documentation and audit trails
Accuracy of results and comprehensiveness of the pricing model/reports
Liaise with other internal and external stakeholders and accomplish other projects that are assigned from time to time

Qualification and Experience Requirement

Education  At least 7 Actuarial exams cleared (according to new curriculum)

 Preferable papers as per old curriculum (CT3, CT4, C16, S18)

 Preferable papers as per new curriculum (CS1, CS2, SP1, SP8)

 A degree in Statistics/Mathematics/Actuarial/ Computer Science/Engineering

Experience  Minimum prior experience of 7 years working in P&C/Consultancy Actuarial experience with Pricing or Reserving background

 Experience in managing small to medium-sized teams

 Pricing experience will be an added advantage

 Detailed knowledge of actuarial pricing techniques

 Awareness of competitive landscape in the Indian General Insurance market and IRDA

regulations would be an added advantage

 Detail orientation, communication and interpersonal skills

 Excellent Microsoft Office skills, particularly in Excel (including VBA) and PowerPoint

 Good programming language skills on Python, SAS, SQL or R

 Excellent data visualization and report-making skills