Pricing Manager

1 month ago

Mumbai, India Future Generali India Life Insurance Full time

Job Location - Mumbai (Vikhroli)


Job Responsibilities

'• Drive the New Business Value by optimising the growth and the profit margin as per Strategy plan through impacts on business metrics and strategy and resulting product pricing

• Steer Life Product mix towards profitable lines of business with fair balance between demand in the local market and the strategic objectives of the Group, International and the Asia Region

• Product Pricing- To develop/modify products based on new product ideas or request from products team. Propose new products / riders / product modification.

• Product pricing and reporting with Regional Office on IFRS17 basis and IRDAI on traditional basis. Handling queries received from IRDAI and Regional office.

• Claims Model Recalibration, implicit guarantees calibration and assumption setting

• Co-ordination with other teams for product management related activities like providing sign off on Benefit Illustrations etc, Life department documents etc.

• Measuring the success of the product by experience monitoring and proper feedback mechanism

• Reviewing the User Acceptance Tests results and providing sign offs

• Respond to Audit queries

• Evaluate EV, appraisal value, potential partnership opportunities on the basis of bespoke products

• Good understanding of product, ALSM regulations

Education and Experience

  • Nearly Qualified in Actuary. Ideal candidate having prior experience in product pricing.
  • Minimum 8 years of life insurance experience with at least 5 years of pricing experience.
  • MS Excel Proficiency, Knowledge of VBA will be an advantage.

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