Deputy Manager - Pricing ( Actuarial)

This role involves all tasks relating to product designing and pricing of new products as well as redesigning/ repricing of existing products. This includes: assisting in developing products suitable to needs of the customers; developing pricing models to optimize profitability, capital usage, commission and customer returns; ensure product meets risk appetite of company, assist in getting customer value framework approved by Group Insurance and regulatory filing; and assist in launch activities including preparation of benefit illustration models, premium calculators, systems testing and negotiations with reinsurers. This role may involve generating quotations for group business as well. These activities to be carried out in a timely, accurate manner with adequate audit trails.

This role requires a sound understanding of actuarial principles and a reasonable understanding of the insurance industry with good knowledge of local regulations.

This role requires ability of interacting with other departments and external stakeholders and ability to contribute in intense environment.

Assist in suitable product design/pricing.

Assist in liaison with external stakeholders (Reinsurers, Group Insurance team, Group Sales Team, Products, UW & Claims Teams) in areas relating to product pricing and other relevant areas.

Active participation in the product design and pricing

Build models for carrying product pricing and profitability analysis and preparation of File & Use documents for IRDA approval process VFM reports for INAH approval process