Assistant Manager Actuarial

Job Description

Product Pricing and filing ﾧ Gathers data from various stakeholders and analyzes historical data/ risk parameters/ expected loss cost / loss ratio calculations/other metrics to assist in pricing of various products so as to maintain desired profitability for BAGIC ﾧ Responsible for analyzing inputs and deriving the pricing for tenders floated under government schemes ﾧ Responsible for analyzing inputs and deriving the pricing for retail products/large business quotes ﾧ Providing inputs on new (including revisions) product design and structure ﾧ Collaborating with concerned stakeholders such as underwriters, marketing, product development etc. with regards to the pricing and filing the same with IRDA. ﾧ Prepare technical documents related to pricing ﾧ Review all documents being signed by Appointed Actuary and then filed with IRDAI for accuracy and consistency. Portfolio Monitoring and Analysis ﾧ Analyze existing retail portfolio performance on key factors by creating KPI reports for the same ﾧ Creating specific reports as an when required by other stakeholders – UW/ Marketing/claims ﾧ Provide support w.r.t. profitability review, projections of experience and renewal decisions Analysis And Adhoc Requirements ﾧ Uses market data to carry out competitor analysis, trend analysis, and price benchmarking ﾧ Assist in the development of pricing/distribution tactics that maximize profitability for target volumes ﾧ Collaborate with the product development team in product filing ﾧ Assistance with logics for system development different products ﾧ Provide Support in a wide range of potential exercises relating to: analyzing the results and performance of products, reinsurance tenders, product development and other actuarial work. ﾧ Assist Fraud Investigation Team with logics to develop or improvise fraud detection models ﾧ Provide logics to MIS to ensure various stakeholders (UW/ claims/ marketing/product) get the reports they require ﾧ Analyse IIB data prepare reports and share it with Management/ various stakeholders Show more Show less