Job Scope / Position Summary

Main Responsibility

1.

Collaborate in the design of new General Insurance products along with other stakeholders and play a pivotal role in product development

2.

Create and review excel and EMBLEM models for pricing and profit testing

3.

Provide main technical inputs and ensure robustness of pricing models and illustrations

4.

Ability to provide insightful summary of the results of various iteration and sensitivities done during pricing

5.

Review and sign off on all the pricing related work before reviewed by Appointed Actuary

6.

Prepare pricing reports, F&U and other  necessary documents to facilitate product approval from IRDA

Qualification and Experience Requirement

Education                  

:

• At least 6 Actuarial exams cleared

Experience                     

:

• Minimum prior experience of 3-5 years working in an insurance and/or actuarial consultancy  is required
• Awareness of competitive landscape in the Indian General Insurance market and IRDA regulations would be an added advantage
• Experience of EMBLEM product pricing and other statistical analysis software like R, SAS, SQL Server will be an added advantage.

Functional Skills (Role Specific)

• Statistical Analysis Software’s (R, SQL, SAS)
• Result Oriented
• Excellent Communication and Analytical skills
• Innovative
• Technical Expertise
• Problem Solving & Decision Making skills