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Senior Manager/Assistant Vice President - Actuarial Pricing

5.00 to 10.00 Years   Delhi   04 Aug, 2022
Future Track
Job LocationDelhi
EducationNot Mentioned
SalaryNot Disclosed
IndustryRecruitment Services
Functional AreaSBU Head / CEO / Director
EmploymentTypeFull-time

Job Description

    Senior Manager/AVP - Actuarial Pricing The most significant challenges of the role will be : - Meeting with regulatory changes proactively. - Working collaboratively with other departments and external stakeholders, to ensure that products designed are commercially sound and do not jeopardize the profitability or sound risk management of the company. - Supporting Product Actuary in ensuring adequate resources are available to carry out a particular responsibility in a market where experienced technicians are scarce. - Ensure completion of tasks on time accurately and with desired standards, including producing necessary documentation and audit trails. - Ensure adequate support is provided to cross functional projects so as to ensure that all the business decisions are actuarially sound. - Supporting Product Actuary in education of stakeholders on dynamics of insurance pricing/capital management. - Ensuring competitiveness of the product basket, good returns to customers and attractive incentive structure for distributors. - Develop robust group business portfolio and processes in an efficient manner and also provide wing to wing support in individual product development. - Propose new/ changes to existing pricing structures/product designs as well as highlight areas of concern with respect to the risks associated with the proposed structure. - Liaising with internal stakeholders to ensure that business decisions are actuarially sound and liaising with external stakeholders to ensure decisions made are favorable to the business. The candidate should : - Be partly/fully qualified actuary with track record in managing actuarial responsibilities; - Possess strong understanding of general actuarial principles and the group insurance business industry. Product Design + Pricing experience from an actuarial perspective would be an advantage - Possess experience of supporting and assisting in procuring the group insurance sales - Possess strategic thinking, able to understand the broad implications of detailed financial data and risks involved - Be commercially minded, with strong business acumen - Possess strong verbal and written communication & interpersonal skills - Possess excellent judgment and decision-making skills & able to make business-aligned and timely decisions and Possess excellent people management skill.,

Keyskills :
financeriskreportingbankingcompliancestrong business acumenproduct designfinancial datarisk managementstrategic thinkinginterpersonal skillswritten communicationsalessounddesign

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