Associate Actuary - Underwriting & Pricing - Insurance

Iris-Corp is looking for Associate Actuary – Group Underwriting and Pricing for a leading Life Insurance Company

Location: Delhi

Exp: 6yrs+

Company : leading Life Insurance

Salary : upto 40L

Job Description

- Assessment of Risk & Pricing Group schemes in commensurate with the risk involved in order to achieve bottom line results

- Preparation of quotations incorporating the necessary conditions such as FCL, Eligibility Criteria for future members etc., accurately and issue the quote within the TAT. The products dealt are Group Term Insurance and Riders and Fund based Products

- Monitoring of loss ratios of schemes closely and initiate the necessary steps on Pricing/re pricing and assist in conducting of mortality investigation of Group Business

- Maintaining close liaison with all the Reinsurers with whom company is dealing and get the best possible terms for group schemes referred to them, on priority basis, in order to secure potentially profitable business.

- Coordinate with the Departments such as Group Business Operations and Claims in obtaining relevant data while pricing of schemes and while monitoring claims experience. Creating Data base of all schemes referred to us for the purpose of proper pricing

- Ensuring Compliance requirements for Group business pricing are continuously met and addressed

- Liaise with Group Channel Head and Group Sales team in all matters pertaining to Group business and in release of quotes which are required on urgent basis.

Eligibility requirements

- An Associate or a Fellow from the Institute of Actuaries of India or an equivalent professional body

- Candidate should be a self starter with ability to work independently and manage a team of 4-6 individuals