Senior Manager/Chief Manager/AVP - Pricing Lead - Actuary

Lead- Pricing (Actuary)

POSITION : Chief Manager - Group Pricing

DESIGNATION : Senior Manager / Chief Manager / Assistant Vice President

DEPARTMENT : Actuarial

SUB DEPARTMENT : Group Pricing - Credit Life

REPORTING POSITION : Senior Vice President - Actuary

OBJECTIVE OF THE ROLE : To Supervise the Credit Life Quotation process including analysis of mortality experience and profitability of the portfolio.

KEY RESPONSIBILITIES :

Weightage :

- Supervision of pricing for group insurance schemes for Group Credit Life schemes

- Liaising with Kotak Life Group Sales team and reinsurer for group quotation

- Ongoing monitoring of profitability and analysis of mortality experience of the scheme.

- MIS on the desired frequency

REQUIRED QUALIFICATION AND SKILLS :

Educational Qualifications : Graduate/ Post Graduate in statistics/ commerce/ science

Work Experience : 3 years +

Certifications :

- Candidate pursuing actuarial exams preferred, though not must.

- Ideally, the candidate should have prior experience in Credit Life Quotations.

Other skill set :

- MS Excel proficiency

- Communication and Negotiation

- Analytically strong

KEY RESPONSIBILITIES :

Weightage :

- The individual will be responsible for assessing profitability of credit life schemes.

- Issuing quotes for credit life/group health/affinity schemes.

- Identifying loss making schemes for potential re-pricing, developing and designing new life insurance/health insurance products, modifying existing products to meet business needs. Supervision of pricing for group insurance schemes for Group& Individual Credit Life schemes

- Liaising with Kotak Life Sales team and reinsurer for group quotation

- High standards of technical rigor

- Experience of financial or risk reporting of complex financial products.

- Life Insurance experience is mandatory with Actuarial exams.