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Manager - Pricing (Actuarial)

2 months ago

gurugram, India Aviva India Full time

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)