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Priti Goyal

Founder at Serving Skill

Last Login: 18 July 2024

Job Views:  
553
Applications:  86
Recruiter Actions:  2

Job Code

1436593

Senior Analyst - Actuary - Insurance

4 - 8 Years.Mumbai
Posted 1 week ago
Posted 1 week ago

Senior Analyst - Actuary


Position Title - Senior Analyst

Actuary Internal Designation - Manager

Job Role Senior Analyst :

Pricing and Risk Assessment

Reporting to : Lead - Pricing and Risk Assessment

Sub LOB / Department Actuarial Location : Mumbai


Total Headcount (Direct) Supervised 1

Total Headcount (Direct / Indirect) Supervised 1

Job Purpose :

- To be responsible for competitive product pricing and IRDAI filing.

- To interact with various stakeholders in setting up the processes for new/modified products in the system and developing necessary tools for the system based on the requirements.

Key Responsibilities :

Responsibilities :

- To develop pricing model and cash flow based on the product requirements.

- To perform sensitivity and scenario testing.

- 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 perform Risk Assessment & Pricing

- To oversee the procedure of Product Filing

Specific Authorities :

(Financial & Non-Financial)

Not applicable :

CX/NPSQ/Ver 1.0/1 st Feb 2020

Internal :

Key Performance Indicators :

Regulatory compliance = 100% -

Accuracy = 100% (0 errors)

Job Requirements : Qualifications Should be a graduate and must have cleared minimum 7-8 actuarial papers.

Experience : 5-6 years of relevant experience

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 Nature or purpose of interaction Corporate planning team

- Inputs and requirements for business planning work.

Finance team :

- Inputs and requirements for business planning work.

Tokio marine (JV) - Meeting the requirements of TM and communication of key outputs of business planning as required.

Actuarial - valuation : Reserving and valuation related information

Actuarial - Modelling : Input and requirements for setting up pricing model

Actuarial - EV and Experience

- Inputs and requirements for setting up pricing assumptions

Products - Inputs and requirements for new/modified products and

Review of documents :

IT and BSG - Review requirements and developments related to system

CX/NPSQ/Ver 1.0/1 st Feb 2020

Internal set-up for products

Legal and Compliance - Input and requirements for Policy Documents and Various communications to IRDAI

Underwriting - Review and Requirements for setting up Board Approved Underwriting Policy


Claims :

- Review of calculations for high ticket and complex claims

Operations - Input and Requirements for various operational issues related to new/modified products

External Nature or purpose of interaction

IRDAI - Corresponding for Product Filing and approval.

Reinsurer - Negotiating and finalizing reinsurance arrangements for new as well as existing products.

Peers in other companies :

- New development in insurance and actuarial field

- Documented By Senior Analyst - Pricing & Risk Assessment

- Approved By Lead - Pricing and Risk Assessment

- HR certification By HR - BP

Didn’t find the job appropriate? Report this Job

Posted By

user_img

Priti Goyal

Founder at Serving Skill

Last Login: 18 July 2024

Job Views:  
553
Applications:  86
Recruiter Actions:  2

Job Code

1436593

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