Actuarial Trainee

2 weeks ago


Mumbai, Maharashtra, India Star Union Dai Ichi Life Insurance Sud Life Full time
Job Description

- Calculation of monthly statutory reserve.
- Setting product and Maintenance of Model in Prophet.
- Preparation of regulatory reports.
- Checking and validation of data.
- Maintain and enhance of DCS coding.
- Performing experience analysis (e.g. mortality, persistency etc.)
- Coordination across various departments
- Responsible for pricing and filling the product to IRDAI
- Developing pricing models and determining premium rates
- Filing of new products or modification of existing products with IRDAI
- Risk analysis of all factors: sensitivity (interest rate, mortality, expenses), strain & break-even analysis
- Replying to queries from IRDA, Product Development team, IT and other teams.
- Managing needs of different departments including valuation, Operation, IT, Legal etc. - Performing UAT

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