Chief Manager

4 months ago

Mumbai, India Reinsurance Group of America Full time

Position Overview

This role will work closely with a wide range of stakeholders like Clients, BD, Underwriting and Claims on regular basis to support the regular group pricing work and provide solution to the clients adhering to RGA’s pricing standards and requirements. This includes evaluating business requests to determine requirements, manage the group pricing process, and communication to senior management. 

Responsibilities

Pricing standard quotes with minimal supervision and delivering within the agreed timelines and within the established quality standards by effectively mobilizing the junior resources. Research and develop areas of pricing expertise as required to handle non-standard quotes. Maintaining complete and accurate pricing documentation. Pricing the Facultative cases referred and ensuring proper documentation for the same. Completing necessary data analytics for the purpose of setting reasonable assumptions for pricing. Set and periodically update pricing bases. Periodic updating the pricing and treaty/addendum/amendment templates. Drafting group business proposal and treaty documentation and negotiation with client to ensure timely execution. Lead a team of junior/student actuaries in the group actuarial pricing team. Contribute to new products and reinsurance structures design. Research and develop areas of pricing expertise as required. Assist with review of business and product mandates for the local business mandate. Interacting with clients on data issues and other issues to ensure pricing is complete and accurate. Work with BD, underwriting and claims to develop innovative and mutually beneficial business solution for the queries coming from clients. Involvement in any project-type activities from time to time. Interaction with clients Manage timely internal reporting documentation requirements. Understanding of RGA internal standards and meeting them

Requirements

Education and Experience

Bachelor’s degree in mathematics, Finance, Statistics, Actuarial Science or a related field. Nearing actuarial qualification with a recognized actuarial association Minimum 10 to 12 years’ experience in handling various aspects of group pricing experience in insurance/ reinsurance claims.

Skills and Abilities

Excellent oral and written Communication skills and ability to communicate complex problem to variety of stakeholders so as to achieve consensus. Strong IT skills – sound working knowledge of MS Excel, Macros, MS Word and any actuarial/statistical software. Ability to work in cross-functional teams/projects. Ability to effectively participate and help foster, a team-based work environment. Proven track record of setting and meeting individual and team goals in a project oriented, customer-focused environment.  An ability to set and manage priorities in a changing work environment is essential.  Conceptual and practical expertise in own discipline and basic knowledge of related disciplines Ability to work in cross-functional teams/projects. Ability to exercises judgment based on the analysis of multiple sources of information.

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