Chief Manager/Senior Manager - Pricing/Actuarial - Life Insurance

Hiring for a leading life insurance client based at Mumbai

Designation - Chief Manager/Sr Manager- Pricing

Purpose:

• Role requires a good understanding of actuarial pricing concepts and cashflows of life insurance products.

• Role requires effective management of various stakeholder's requirements. Therefore, quick turn-around-time without compromising accuracy of calculations is necessary.

Key Responsibilities:

• Building pricing model in excel/prophet/R.

• Assist in assumptions setting for pricing.

• Preparation of filing formalities.

• Building / Validation of excel calculators for Benefit Illustration.

• Handling customer/IT queries related to benefit calculations.

• Assisting IT and Modelling team in setting up the Products.

• Meeting any pricing related regulatory requirement within specified timelines.

• Meeting any requirements from management regarding new products within timelines.

Desired qualifications and experience:

• Any graduate / post-graduate with at least 8-9 actuarial papers.

• 6- 9 years of relevant experience in pricing, modelling or reporting roles in a life insurance company.

Knowledge and skills required:

• Good working knowledge in MS-Excel, MS-Word and other MS-Office softwares. Knowledge of Prophet, 'R' is preferred.

• Good drafting, reporting and communication skills.

• Able to champion the use of technology within the function to improve the business performance.

Other skills:

• Good coordination skills and communication skills.

• Ability to handle pressure and work with tight timelines.

• Fair understanding of insurance market landscape.

• Good interpersonal skills.

• A customer centric approach (customers may be defined as either internal or external).