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Pricing
2 weeks ago
Requisites:
Software skills – ProphetMinimum 5 actuarial papers including CM1 mandatoryLocation: Bandra BKC-HO, MumbaiRoles & Responsibilities:Responsible for pricing of individual and group productsAssess feasibility of product structures in terms of profitability, capital requirements and competitivenessManage/Assist in developing and updating appropriate models and assumptions for new products and modificationsLiaise with the Product and the IT team for product setup related requirementsManage/Assist in resolving queries and exploring improved processesManage/Assist product approval processManage/Assist regulatory approvalsGenerating reports and financials for internal Product approval processPreparation of File & Use and other related documents and financials for Regulatory product approvalManage/Assist in preparation of responses to regulatory queriesReinsuranceManage reinsurer relationship and negotiate terms and conditions for reinsurance quotes
Working Relations Within Business Unit:
Product Development & ManagementITUnderwritingInvestmentExperience & Qualifications:Strong technical skills and understanding of key aspects of actuarial, investment and financial disciplinesStrong analytical and communication skillsGood Knowledge of Prophet (Actuarial Software)Good knowledge of Excel including VBA programmingCandidates from Mumbai Shall be preferred.
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