Chief Manager - Pricing/Actuarial - Life Insurance (5-12 yrs)

Our client is a leading life insurance client at Mumbai.

Designation: Chief Manager- Pricing (Actuarial)- Life Insurance

Job Purpose:

- To be responsible for competitive product pricing and IRDAI filing. and to interact with various stakeholders in setting up the processes for new/modified products in the system and developing necessary tools for the system based on the requirements.

Key Responsibilities:

- To develop pricing model and cash flow based on the product requirements.

- To perform sensitivity and scenario testing.

- To prepare File & Use document for IRDA filing.

- To prepare the query response under product filings for IRDAI.

- To provide necessary support to IT team for setting new product/modification of existing products and features in the system and developing calculators for the system as and when required.

- To test the implementation of products in SIS and Ingenium.

- To perform Risk Assessment & Pricing

- To oversee the procedure of Product Filing

Functional Competencies:

- Risk Assessment.

- Actuarial Technical Expertise.

- Modelling Tools.

- Regulatory knowledge.

Behavioral Competencies:

- Business Acumen.

- Growth through differentiation definition.

- Building talent and teams definition.

- Customer centricity.

Education/Experience:

- Minimum of 7-8 actuarial papers cleared.

- Experience of 5- 6 years.