Actuarial Trainee

Star Union Dai ichi Life Insurance (SUD Life)

0 - 1 years

6 - 7 Lacs

Navi Mumbai

Posted:1 day ago| Platform:

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Skills Required

insurance modeling prophet actuarial spss moses sql analytics coding dcs advanced excel powerpoint macros python data analysis sas ms access uat life insurance ifrs excel r valuation vba word pricing statistics

Work Mode

Work from Office

Job Type

Full Time

Job Description

Actuarial Trainee:

Position Details 1

Responsibilities:

Calculation of monthly statutory reserve.
Setting product and Maintenance of Model in Prophet.
Preparation of regulatory reports.
Checking and validation of data.
Maintain and enhance of DCS coding.
Performing experience analysis (e.g. mortality, persistency etc.)
Coordination across various departments

Position Details 2

Responsibilities:

Responsible for pricing and filling the product to IRDAI
Developing pricing models and determining premium rates
Filing of new products or modification of existing products with IRDAI
Risk analysis of all factors: sensitivity (interest rate, mortality, expenses), strain & break-even analysis
Replying to queries from IRDA, Product Development team, IT and other teams.
Managing needs of different departments including valuation, Operation, IT, Legal etc. - Performing UAT
Minimum Qualification:
Graduate + Minimum 2 Actuarial Papers Cleared

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