Assistant/Deputy Manager - Actuarial - General Insurance

Roles and Responsibilities:

- Using cutting-edge statistical methods like the Generalized Linear Model to establish rates, review rates, and change rates for retail products

- Play a key role in the creation of new General Insurance P&C products by working together with other stakeholders.

- Create and evaluate pricing and profit testing models with Excel and EMBLEM.

- Ensure the robustness of pricing models and graphics by providing the key technical inputs.

- For the implementation and evaluation of technical price dashboards, collaborate with other functional stakeholders.

- The capacity to summarize with clarity the outcomes of numerous iterations and sensitivities performed during pricing.

- Accountable for managing and analyzing data.

- Before the appointed actuary reviews the pricing-related work, review it all and provide your approval.

- Prepare pricing reports, F&U, and other required paperwork to speed IRDA product clearance.

- Active participation in finalizing the price hypotheses and obtaining the required approvals.

Qualifications and Experience:

- Cleared at least five actuarial exams.

- It is necessary to have a minimum of 3-5 years of prior experience working in general insurance and/or actuarial consulting on the motor or health lines of business.

- Understanding the competitive environment and IRDA regulations in the Indian general insurance industry will be advantageous.

- It is preferred that you know EMBLEM product pricing and other statistical analysis programs like R, SAS, and SQL Server.

Key Skills and Competencies:

- Innovativeness, technical expertise, excellent communication and analytical skills, and problem-solving and decision-making abilities are all required.