Candidates should have 4-12 years of experience in Pricing. Preferably from Indian Life Insurance company.

Responsibilities

• Pricing of individual products- premium & benefit rate generation
•  Responsible for filing of documents to PMC/IRDAI and responding to IRDAI queries
•  Liaison with various departments like products, sales, investments to finalise the product design Work closely with products team to create product strategies for efficient utilization of capital and maximization of profits
•  Propose new product/benefit features basis market research
•  Participate in risk mitigation plans

Job Specifications Modelling:

•  New product assessment, methodology and assumption setting – (cashflow modelling (Linked/Non-linked products).
•  Be responsible for daily actuarial working, mainly financial reporting and other actuarial analytic related issues
•  Propose and review the new methodology, assumption and model development
•  Provide support to Model and Financial Analytics teams, including valuation of new product/methodology/assumptions conversion onto the Prophet system, implementation of new methodology and assumptions and conduct the UAT in accordance with standards
•  Engaging and working with internal and external stakeholder to priorities the development of the business requirements and solutions as they relate to the company