Manager - Pricing (Actuarial)
4 days ago
Purpose:
The jobholder will primarily be responsible for supporting the pricing initiative of the Organization in conjunction with the VP – Product Pricing
Main Priorities:
- Pricing Feasibility of the products – both individual and group: Regulatory, Internal ad Aviva Group guidelines perspective
- Preparation of Pricing Report and finalization of pricing of the products after taking sign-offs from internal stakeholders
- Filing of the products (New/modification) to Regulator in compliance with Internal as well as Regulatory framework.
- Assisting in getting product approval from IRDAI
- Arranging reinsurance Treaties whenever required for existing/new products
- Checking of Regulatory Reinsurance Returns
- Checking of benefit illustrations and premium calculator for new/existing products and releasing sign offs on UAT for Policy admin system and Website
- Checking and Driving Group Quotations received on day to day basis.
Qualifications:
- Actuarial candidate with 5+ years’ experience in product pricing in life insurance industry with having cleared atleast Core Technical papers (Associates would be preferred)
Skills/ Knowledge:
- Strong Microsoft XL and Word knowledge
- Working knowledge of PROPHET software
- Good understanding of Life Insurance products (ULIP, Endowment both participating and non-participating products, protection plan and Group products)
- Sound Knowledge of IRDAI Products and other relevant Regulations from pricing stand point
- Understanding o Policy Admin system (Life Asia)
Experience:
- Relevant experience in areas of product pricing
- Exposure to TEV, MCEV concepts for profit testing of products
- PROPHET experience (Run, extraction etc)
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