Role Summary:   Assists the Senior Manager in leading the pricing and product development team. Interacts with all internal stakeholders to define benefits and pricing of product. Oversees & coordinates all products being submitted for approval to the Appointed Actuary, Regional Actuary & IRDA. Oversees any and all correspondence shared with the IRDA. Oversees all implementation activities in an ongoing basis.  Product Design & Pricing:  - Active involvement in finalizing the design aspects of the product proposed to be priced basis product map finalized by the PC.  - Responsible for the development & finalization of the pricing model & assumptions. Works closely with team & management to ensure consistency across all product categories.  - Active liaison with all relevant teams in drafting the filing documents & relevant collaterals and finalizing the system requirements  Filing the products with the Regulator:  - Prepares /Reviews the File & Use document for all products before going to Appointed Actuary for signing.  - Post approval from the Appointed Actuary and Principal Officer, files all the products with the IRDA  - Prepares/reviews all the responses to queries raised by IRDA  Compliance with the regulations:  - Ensures that the products pricing, contracts, sales literature & illustrations are in line with the Insurance Act, IRDA Regulations/guidelines.  Filing products with AIA and obtaining the approval:  - Responsible for filing products for internal approval from AIA.  - Ensures that the filing complies with internal requirements and helps in obtaining the required sign off /approval on products.  Providing guidance to the team:  - Provides guidance to the team in the day to day activities  - Ensures the team achieve the following objectives:  Meeting the profit criterion  Ensuring results are accurate  Management of products on systems.  Liaison with other Departments :  - Understand the features of the product by interacting with all relevant teams  - Liaises with IT to ensure that the system is enabled to calculate accurate premium & benefits based on the product  Technical Skills:  - Should ideally be a few papers away from qualification  - Good Actuarial technical /communication & team management/leadership skills  - Knowledge of PROPHET desirable, knowledge of MS Excel mandatory  - Ability to handle various departments and their conflicting needs  Qualification:  Essential - Graduate/ Post Graduate in Mathematics/ Statistics and close to qualification.   Desired - Qualified Actuary or Nearing Qualification with ST2 clearance.  Experience:  Essential - over all 6 to 8 years, at least 3-5 years in Actuarial with actuarial pricing work  Desired - At least 6-8 in core actuarial experience with minimum 4 - 5 years in pricing work

Mumbai

Tata AIA Life Insurance - Manager - Actuarial - Product Pricing 

Tata AIA Life Insurance - Manager - Actuarial - Product Pricing  ,Job Description for Tata AIA Life Insurance - Manager - Actuarial - Product Pricing  in Tata AIA Life Insurance in  Mumbai for (6-8) years of experience. Apply Now!

Job Description for Tata AIA Life Insurance - Manager - Actuarial - Product Pricing  in Tata AIA Life Insurance in  Mumbai for (6-8) years of experience. Apply Now!