Manager - Pricing - General Insurance

Opening with Leading General Insurance Co for Manager - Actuarial based at Vikroli- Mumbai.

Job Responsibility:

- Understand policy coverages, Reinsurance arrangement and analyse experience to create pricing models.

- Create and review excel, R and EMBLEM models for pricing, portfolio monitoring and profit testing

- Interpreting the results by identifying the patterns and trends in data

- Pricing of new Health and General Insurance products and revision of existing products. This shall include data collection, developing statistical models and market benchmarking.

- Active involvement in preparation Pricing reports, F&U and other necessary documents to facilitate product approval from IRDA

- Active involvement in finalizing the pricing assumptions and take necessary sign offs

- Assist in inputs required for system development

- Completion of tasks on time and at desired standards including documentation and audit trails

- Liaise with other internal and external stakeholders and accomplish other projects that are assigned from time to time

Education:

- At least 5 Actuarial exams cleared (according to new curriculum)

- Preferable papers as per old curriculum (CT3, CT4, CT6, ST1, ST8)

- Preferable papers as per new curriculum (CS1, CS2, SP1, SP8)

- A degree in Statistics/Mathematics/Actuarial/ Computer Science/Engineering

Experience:

- 4-5 years working in P&C/Consultancy Actuarial experience with Pricing or Reserving background from Insurance industry.

- Good programming language skills on Python, SAS, SQL or R. Must have data visualization and report-making skills.