Actuarial Pricing Specialist

6 days ago


Hyderabad, Telangana, India Kshema Full time
Actuarial Analyst Job Description

Kshema is seeking an experienced Actuarial Analyst to join our Pricing Team. As an Actuarial Analyst, you will play a pivotal role in analyzing and developing pricing strategies for our insurance products.

Key Responsibilities:
  • Develop and implement pricing models and strategies for various insurance products.
  • Work closely with the actuarial, underwriting, and product development teams to ensure competitive and financially sustainable pricing.
  • Analyze market trends, competitor pricing, and customer behavior to inform pricing decisions.
  • Collaborate with the underwriting and product development teams to ensure pricing strategies align with business objectives and risk appetite.
  • Conduct profitability analysis and monitor the performance of pricing strategies, recommending adjustments as necessary.
  • Prepare detailed reports, presentations, and visualization tools to communicate pricing analysis, results, and recommendations to senior management.
  • Support the actuarial team in regulatory filings and compliance related to pricing.
  • Engage in continuous learning to stay current with industry developments, actuarial practices, and regulatory changes.
Requirements:
  • Progress towards actuarial qualifications with a recognized actuarial body is highly desirable.
  • 1+ years of prior experience in an actuarial function within the insurance industry is advantageous, especially in pricing or related areas.
  • Proficiency in MS Office Suite, VBA, SQL, and Python along with the use of emerging technologies like GPTs and Power Platforms is desirable.
  • Deep understanding of actuarial principles, underwriting, regulatory environment, and product development processes.
  • Strong analytical and problem-solving skills.
  • Strong attention to detail and ability to handle complex data.
  • Good communication skills, with the ability to present findings clearly and concisely.
  • A team player with a proactive approach to tasks and projects.

Educational Qualification:
Bachelor's degree in actuarial science, mathematics, statistics, commerce, or a related field.



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