5 Actuarial Pricing Jobs

Role & responsibilities: Building pricing model in excel/prophet/R Assist in assumptions setting for pricing Preparation of filing formalities Building/Validation of excel calculators for Benefit Illustration Handling customer/IT queries related to benefit calculations Assisting IT and Modelling team in setting up the Products Meeting any pricing related regulatory requirement within specified timelines Meeting any requirements from management regarding new products within timelines Preferred candidate profile Any graduate / post-graduate with at least 8-9 actuarial papers. 6- 8 years of relevant experience in pricing, modelling or reporting roles in a life insurance company Location: Mumbai

As a Pricing Actuary at Swiss Re, your primary role involves assessing portfolio performance, identifying key drivers, and providing independent actuarial pricing opinions to enhance portfolio performance. You will collaborate with Senior team members and stakeholders in various departments such as Underwriting, Reserving, Claims, and Finance to develop a comprehensive view of the portfolio and enhance its performance through independent Actuarial Pricing opinions. Your responsibilities will include using actuarial methods and data science techniques to gain insights into trends, set costing parameters, and enhance the predictability and accuracy of costing models. By analyzing profitability studies and working with the team to translate findings into actionable insights, you will play a crucial role in steering the profitability of the portfolio and contributing to the overall Business Unit's performance. The Actuarial Portfolio Management (APM) team, part of the Global Actuarial Portfolio Management unit at Swiss Re, operates under the leadership of the Chief Underwriting Officer. The team comprises both seasoned experts in dedicated product specializations and highly motivated newer members who thrive in a dynamic and fast-paced learning environment. We prioritize inclusivity, value diverse perspectives, and encourage innovative thinking to ensure equal opportunities for professional development. In this role, you will develop forward-looking portfolio insights, drive data-driven initiatives, and contribute to the strategic direction of Property & Specialty lines of business. By engaging in various Actuarial investigations, including exposure analysis, Rate monitoring, and profitability analyses, you will actively contribute to portfolio steering efforts. To be successful in this position, you should have a minimum of 4 years of experience in P&C commercial insurance, with knowledge of Property and Specialty insurance products being advantageous. Proficiency in insurance pricing, portfolio profitability analysis, and costing model development is essential, along with familiarity with costing techniques and commercial insurance and reinsurance treaty pricing. Your technical skills should include highly developed numerical and analytical abilities, proficiency in statistical programming languages such as R and Python, and a willingness to learn actuarial methods and data science techniques. Additionally, you should possess a Master's degree in mathematics, Statistics, Economics, or equivalent quantitative/statistical fields. As a valued member of the team, you should demonstrate a keen interest in learning and applying advanced actuarial methods and data science techniques, along with a motivation to deliver high-quality results within specified timelines. Your ability to prioritize tasks, collaborate effectively with team members, and communicate insights clearly in various situations will be instrumental in driving collective success. Join Swiss Re, a global leader in reinsurance, insurance, and risk transfer solutions, where you can contribute to making the world more resilient by anticipating and managing a wide range of risks. With a focus on innovation, collaboration, and expertise, Swiss Re offers an exciting environment where you can create new opportunities and solutions for clients worldwide.,

Role Details: Department: Actuarial Pricing (Group) Employment Type: Permanent Key Focus areas: Generate Quotation for Credit Life, MFI, Group Term Products Attending to scheme related queries from sales, Product and other departments. Preparation of calculators to aid scheme set up. Monitoring the mix of scheme portfolio and give insights to seniors in the team. Evaluate various reinsurance quotes and maintaining reinsurance relationship. Maintain Group MIS Ensure to meet the deliverable timelines. Qualifications & Competencies: Graduate/post-graduate. 0-2 years of work experience in the Actuarial team (Group pricing preferably) of a life insurance company 3 to 5 Actuarial papers (non-mandatory) Good understanding of life insurance products. Understanding of product related regulation and regulatory environment Good Knowledge of MS Excel & VBA. Good communication skill.

Group Company: Go Digit Life Insurance Limited Designation: Actuary pricing consultant Office Location: Bangalore Atlantis Bangalore 1 , Bengaluru - Atlantis (Physical Location) Key Responsibilities: Pricing Strategy Development: Develop and implement pricing strategies for new and existing life insurance products Data Analysis: Analyse historical data and trends to inform pricing decisions Actuarial Modelling: Build and maintain actuarial models to estimate risks and determine appropriate pricing Collaboration: Work closely with underwriting, product development, and finance teams to ensure alignment on pricing strategies Regulatory Compliance: Ensure all pricing strategies comply with relevant regulations and standards Reporting: Prepare and present pricing reports and recommendations to senior management Qualifications: Education: Bachelors/Masters degree in Actuarial science, Mathematics, Statistics, or a related field Experience: 1-2 years of experience in actuarial pricing in life insurance Skills: Must have cleared minimum 5-6 papers Strong analytical and problem-solving skills Proficiency in actuarial software and tools (e.g., Excel, SQL, R) Excellent communication and presentation skills Ability to work collaboratively in a team environment

Role requires a good understanding of actuarial pricing concepts including cashflows of life insurance products. Role requires effective management of various stakeholders requirements. Therefore, quick turn-around-time without compromising accuracy of deliverables is necessary. Building pricing model in excel/prophet/R Assist in assumptions setting for pricing Preparation of filing documents Building / Validation of excel calculators for Benefit Illustration Handling customer/IT queries related to benefit calculations Assisting IT and Modelling team in setting up the Products Meeting any pricing related regulatory requirement within specified timelines Meeting any requirements from management regarding new products within timelines Good working knowledge in MS-Excel, MS-Word and other MS-Office softwares. Knowledge of Prophet, R is preferred. Good drafting, reporting and communication skills. Able to champion the use of technology within the function to improve the business performance 6- 8 years of relevant experience in a life insurance company with at least 3 years of experience in product pricing. _