Actuarial Pricing Specialist

4 weeks ago


Mumbai, Maharashtra, India AU Small Finance Bank Limited Full time

Actuarial Pricing Specialist

At AU Small Finance Bank Limited, we are seeking an experienced Actuarial Pricing Specialist to join our team. As an Actuarial Pricing Specialist, you will work closely with the Head of Product to develop and enhance pricing models for motor insurance products, ensuring they align with business objectives and regulatory requirements.

Key Responsibilities:

- Develop and enhance pricing models for motor insurance products, ensuring they align with business objectives and regulatory requirements.

- Analyze data and trends to optimize pricing structures and improve underwriting profitability.

- Collaborate with underwriting, claims, and finance teams to assess and mitigate risks effectively.

- Conduct regular performance reviews and monitor key metrics to evaluate pricing effectiveness.

- Stay updated with market trends, competitor analysis, and regulatory changes impacting motor insurance.

- Drive appropriate consistency in pricing and portfolio analysis across vehicle category.

- Work with the insurance partner pricing team to complete tasks and assist product development and Tech development team members.

Requirements:

- Academic Background in Mathematics, Physics, Engineering, Statistics, Economics, Actuarial Science

- Minimum 7 actuarial exams and continuing to write in the future.

- Part-qualified actuary with minimum 3 years' experience in motor pricing within the P&C actuarial domain - reserving/pricing/risk management/capital modelling

- Strong IT skills - Do you have experience in SQL, Excel and VBA , R & Python ,Power BI is an advantage

- Proactive, agile and highly responsive towards achieving goals - leveraging key strengths and capitalizing on opportunities with a keen sense of urgency

- Strong interpersonal skills, able to successfully build and maintain networking relationships (both formal and informal)

- Problem Solver overcomes issues and barriers to implement complex solutions

- Persistent and resilient to resolve complex problems that requires negotiation.

- Continuously strives for excellence and improvement



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