Analyst - Pricing & Risk Assessment - Insurance

Group Company:

Designation: Analyst - Pricing & Risk Assessment (700095)

Office Location:

Years of experience: 0 to 2

Salary Range: INR to (Annual)

Position description:

Job Purpose

To develop pricing model and cash flow based on the product requirements and filing new products with the Regulator.

Key Responsibilities:

- To prepare File & Use document for IRDA filing.

- To prepare the query response under product filings for IRDAI.

- To provide necessary support to IT team for setting new product/modification of existing products and features in the system and developing calculators for the system as and when required.

- To test the implementation of products in SIS and Ingenium.

- To assist in formulating the Long Term Business Plan.

- To perform risk assessment & pricing

- To assist in the process of product filing

- To provide support for system development

Specific Authorities (Financial & Non Financial): NA

Key Performance Indicators:

- 100% Accuracy in preparing File & Use document for IRDAI product filing.

- 100% Accuracy in building model and cash-flows.

Job Requirements:

Qualifications: To be a graduate and must have cleared minimum 4-5 actuarial papers.

Functional Competencies:

- Risk Assessment

- Actuarial Technical Expertise

- Modelling Tools

- Regulatory knowledge

Behavioral Competencies

- Business Acumen

- Growth through Differentiation Definition

- Building Talent and Teams Definition

- Customer centricity

Key Interactions

Internal

IT: Data & System related discussions

Operations and Claims: Policy & claim related information

External

IRDAI: For regulatory queries or feedback on different regulations

Peers in other organizations: For various developments in the actuarial field.

Additional Responsibilities: