Actuarial Pricing Specialist

3 weeks ago


Mumbai, Maharashtra, India Tata AIA Life Insurance Full time

Job Summary: We are seeking an experienced Actuarial Pricing Specialist to join our Product Pricing team at Tata AIA Life Insurance.

About the Role: As an Actuarial Pricing Specialist, you will be responsible for defining benefits and pricing of products, interacting with internal stakeholders, and coordinating filing procedures. You will also oversee implementation activities and manage correspondence with the IRDA.

Key Responsibilities:

  • Active involvement in finalizing product design aspects based on senior management feedback
  • Finalization of pricing assumptions for assigned products
  • Active liaison with relevant teams in drafting filing documents and collaterals, and finalizing system requirements
  • Preparation of file and use documents for assigned products before internal review
  • Consolidation of filing documents for assigned products after approval from the Appointed Actuary and Principal Officer
  • Preparation of responses to IRDA queries and assistance in finalizing responses with the team head and VP Actuary
  • Ensuring product pricing, contracts, sales literature, and illustrations comply with regulations
  • Filing products with AIA and obtaining approval
  • Providing guidance to junior team members, overseeing implementation activities, and coordinating team-level activities

Requirements:

  • Graduate or Post Graduate in Mathematics or Statistics
  • Cleared all CT level exams and preparing for CA/ST level exams
  • At least 3 years of experience in Actuarial and related fields
  • At least 2-3 years of experience in core actuarial pricing work

Preferred Skills:

  • Knowledge of MS Excel
  • Ability to handle various departments and their conflicting needs

Working Hours: Standard working hours



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