Senior Manager/Chief Manager/AVP

3 weeks ago


Mumbai, Maharashtra, India iimjobs Full time
Lead- Pricing (Actuary)


POSITION :

Chief Manager - Group Pricing

DESIGNATION :
Senior Manager / Chief Manager / Assistant Vice President


DEPARTMENT :

Actuarial

SUB

DEPARTMENT :

Group Pricing - Credit Life

REPORTING

POSITION :

Senior Vice President - Actuary

OBJECTIVE OF THE ROLE :
To Supervise the Credit Life Quotation process including analysis of mortality experience and profitability of the portfolio.

KEY RESPONSIBILITIES :

Weightage :

  • Supervision of pricing for group insurance schemes for Group Credit Life schemes
  • Liaising with Kotak Life Group Sales team and reinsurer for group quotation
  • Ongoing monitoring of profitability and analysis of mortality experience of the scheme.
  • MIS on the desired frequency

REQUIRED QUALIFICATION AND SKILLS :

Educational Qualifications :
Graduate/ Post Graduate in statistics/ commerce/ science

Work Experience : 3 years +

Certifications :

  • Candidate pursuing actuarial exams preferred, though not must.
  • Ideally, the candidate should have prior experience in Credit Life Quotations.

Other skill set :

  • MS Excel proficiency
  • Communication and Negotiation
  • Analytically strong

KEY RESPONSIBILITIES :

Weightage :

  • The individual will be responsible for assessing profitability of credit life schemes.
  • Issuing quotes for credit life/group health/affinity schemes.
  • Identifying loss making schemes for potential repricing, developing and designing new life insurance/health insurance products, modifying existing products to meet business needs. Supervision of pricing for group insurance schemes for Group& Individual Credit Life schemes
  • Liaising with Kotak Life Sales team and reinsurer for group quotation
  • High standards of technical rigor
  • Experience of financial or risk reporting of complex financial products.
  • Life Insurance experience is mandatory with Actuarial exams.


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