Assistant Manager Actuarial (Group Pricing) - Gurugram

This role involves providing Group Business Quotations for Group Credit Life / Group Term Life (Employer employee as well as Affinity) in a controlled manner within agreed TATs, engage with sales team on regular basis to understand the quote priorities, client requirements, queries etc. related to group schemes, maintaining clear audit trails of all group quote pricing related activities in line with products F&U document as well as applicable rules and regulations, raise quote requests to reinsurers in order to obtain favorable reinsurance terms and ensure all the cases are discussed and reviewed by Line manager as per agreed approval matrix, maintain daily tracker of quote requests received from the sales and processed by the team.

This role would also involve providing support in calculating Loss Ratio for existing Group schemes portfolio on regular basis as per the business requirements, Assist in Product pricing of any new/ modification of group products. This includes: Analysis of competition rates to develop a pricing mechanism to ensure product is competitive ensuring business and regulatory requirements are met. Assist in developing filling documentation required for IRDAI product filling.

This role requires a sound understanding of actuarial principles, basis understanding in respect of group business and local regulations, ability of interacting with other departments and contribute in an intense and a TAT oriented environment.

Experience Requirement:

The candidate should:

• Have completed at least 4-5 actuarial papers and making rapid exam progress;
• Possess basic understanding of general actuarial principles, insurance industry and financial data;
• Be proactive at work, and has tendency to learn and excel;
• Possess strong verbal and written communication & interpersonal skills;
• Be proactive in taking responsibilities
• Possess excellent analytical skills
• Should have handson experience on MS Excel and VBA