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Lead - Pricing & Risk Assessment - Insurance

5.00 to 8.00 Years   Mumbai City   05 Apr, 2023
Serving Skill
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryRecruitment Services
Functional AreaSales / BD
EmploymentTypeFull-time

Job Description

    - 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 FilingSpecific Authorities (Financial & Non- Financial) Not applicableCX/NPSQ/Ver 1.0/1 st Feb 2020Key Performance IndicatorsRegulatory 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 experienceFunctional Competencies: - Risk Assessment- Actuarial Technical Expertise- Modelling Tools- Regulatory knowledgeBehavioral Competencies - Business Acumen- Growth through differentiation definition- Building talent and teams definition- Customer centricityKey Interactions: Internal Nature or purpose of interactionCorporate planning teamInputs 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 informationActuarial - Modelling Input and requirements for setting up pricing modelActuarial - EV andExperience: Inputs and requirements for setting up pricing assumptionsProducts - Inputs and requirements for new/modified products andReview of documentsIT and BSG - Review requirements and developments related to systemCX/NPSQ/Ver 1.0/1 st Feb 2020Internal set-up for productsLegal and Compliance - Input and requirements for Policy Documents and Various communications to IRDAIUnderwriting - Review and Requirements for setting up Board Approved Underwriting PolicyClaims : Review of calculations for high ticket and complex claimsOperations - Input and Requirements for various operational issues related to new/modified productsExternal Nature or purpose of interactionIRDAI - 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 fieldExperience - 5+ Years,

Keyskills :
cash flowrisk assessmentbusiness planning

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