General Manager - Technical Pricing - General Insurance

Pricing Modeller

Key Responsibilities:

- Work closely with Client's Actuary Head, drive the Pricing projects in off-shore as per the directions set by the client's Actuary team

- Manage the Data Engineering process to set-up the Data Base for Pricing modelling

- Develop pricing models and ensure a consistent approach across the Insurance Business

- Deliver quarterly product monitoring analyses to identify any profitability issues and / or business opportunities, and assist underwriters in developing subsequent action plans

- Assist underwriters as needed in the evaluation of large individual accounts or portfolio deals incorporating experience and exposure rating

- Evaluate the potential profitability of new business opportunities and assist underwriters in the development of new products

- Derive expected loss ratios for financial planning taking into account business strategy, market conditions, mix of business, trends and reinsurance structure

- Analyse rate monitoring data to advise on the impact of emerging rating trends on underwriting strategy

Required Qualification, Skills & Experience:

- At least 5 years insurance industry experience

- At least 3 years- experience in Technical pricing for General Insurance - Commercial lines

- Excellent communication and interpersonal skills, able to establish credibility with Actuarial team, Underwriting team, business unit leaders and divisional leadership

- Knowledge of mathematics, probability, statistics, and principles of business in order to provide assistance and technical support for rating/pricing, valuation, and financial forecasting

- Broad overview of Pricing and modeling- methodologies (GLM, Random Forest, etc)

- Knowledge of Actuarial tools (EMBLEM/RADAR/Prophet) and data mining tools like SAS/R/Python

- Interprets results from various financial models, and provides explanations/validations

The following are some points which are mandatory for this position.Please revert back with your answers in your CV/Cover letter:

- Have u worked on general Insurance / Life/ Personal Insurance - we need General Insurance only

- Have u worked on building pricing models for general Insurance before- only yes will qualify

If yes, which GI / commercial products have u worked on- we are looking for one and more from Commercial Property, Marine Hull, Professional Indemnity, Directors and Office, Employee cover, etc)

What tools do u use for building these models - we need those with - Emblem- hands on exp

What tools have u used for deployment and reporting pricing models - we need Radar and Radar Live