AVP Actuarial (Pricing)  Purpose :   - Drive the group insurance business vertical by supporting the group sales & other internal/external stakeholders and to take decisions in all relevant areas pertaining to group business viz. generating ideas/ designing /pricing the group products  - SPOC relating to any communication made to IRDA pertaining to group business, direct interface with distributors, supporting in developing a viable group business strategy in line with company's overall strategy, supporting in finalizing the various operational processes involving all stakeholders  - Product designing and pricing of new individual products as well as redesigning/ repricing of existing individual products.   KRA's :   - Generating ideas/designing/pricing the individual and group products and assist in launching the product as per the agreed product calendar.  - Generating the customized and competitive group term quotes including credit life and providing actuarial valuations for employee retirement benefits.  - Coordinating with all internal stakeholders viz. products, sales, operations, IT, investment, legal, risk etc. to finalize and launch using robust processes. Also assist in providing appropriate solutions to IT/Ops issues in the context of Product Management (both Group and Individual)  - Optimize profitability, capital usage, commission and customer returns; ensure product meets risk appetite of company, identify financial risks and suggest mitigating strategies.  - Liaise with external stakeholders (Reinsurers, Regional team) in areas relating to product pricing and other relevant areas.  - Direct interface/discussions with the channel partners/distributors on the needs of launch of group /individual products and group schemes.  - Liaison with all internal stakeholders viz. sales, product, investment, legal and compliance, risk etc. to have effective and seamless coordination during product development and process finalization.  Qualifications :  - Be a qualified actuary with track record in managing actuarial responsibilities especially pricing  - 8 to 10 years of relevant experience in Life Insurance Sector / Big 4 Consulting firms  - Possess strong understanding of general actuarial principles and the group insurance business industry. Product Design + Pricing experience from an actuarial perspective would be an advantage  - Possess experience of supporting and assisting in procuring the group insurance sales  - Possess strategic thinking - able to understand the broad implications of detailed financial data and risks involved  - Be commercially minded, with strong business acumen

Delhi NCR

AVP - Pricing - Actuary Life Insurance 

AVP - Pricing - Actuary Life Insurance  ,Job Description for AVP - Pricing - Actuary Life Insurance  in Tyche Jobs in  Delhi NCR for (8-10) years of experience. Apply Now!

Job Description for AVP - Pricing - Actuary Life Insurance  in Tyche Jobs in  Delhi NCR for (8-10) years of experience. Apply Now!