Actuary Role - Pricing/Costing - Insurance

Actuary - Insurance - Pricing/Costing

Location : Bangalore

About the Company : Our Client is a Leading Global Company

Role - Lead

Domain : Actuary - Insurance

Vertical : Pricing / Costing

Experience : 2 - 8 yrs

Qualification - B.Tech / Masters

Role : 

- Will be responsible to analyzing business requirements, programming and testing for the existing and future costing, pricing, and underwriting tool landscape.

- Development and productive maintenance of major project costing/pricing tools, with the main focus on portfolio rating and subsequent implementation

- Building the future tool landscape, with focus on business, considering the end-to-end underwriting process with key areas costing and pricing

- Ensuring operations are implemented according to internal guidelines and best practices

- Providing tool support, knowledge, documentation, training and best practices as well as transaction support.

- Delivering costing tools, processes and methodology training.

- Supporting development and reviewing local, tactical tools

- Ensuring governance process around tool development, focusing on costing/pricing including tool reviews

- Ad hoc work within the underwriting and actuarial area, like development of new actuarial models, data analysis, creating reports, performing business intelligence activities, etc.

Qualification :

- 2+ years working experience in Insurance or Reinsurance - preferably with knowledge in costing

- Preferably basic knowledge in property and casualty(Non-Life) Insurance/reinsurance

- Capable of understanding and prioritizing business requirements, evaluating different implementation options and translating them into viable IT solutions

- Excellent problem solving capabilities

- Able to work independently as well as in a team environment

- Accomplished interpersonal and communication skills - demonstrates a clear and articulate standard of written and verbal English communication in a complex environment

- University degree M.Sc., B.Tech (Mathematics, Physics, Statistics, Computer Science, Actuarial Science, Engineering, etc.) with numerical, mathematical, statistical or similar background

- Flair and basic knowledge in designing, specifying, implementing and testing of (actuarial) methods in costing/pricing tools according to business requirements

- Sound conceptual capabilities and good analytical skills

Note - Looking for candidates engaged in a similar kind of profile / role.