Joint Vice President

9 - 10 years

25 - 30 Lacs

Posted:21 hours ago| Platform: Naukri logo

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Work Mode

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Job Type

Full Time

Job Description

  • Maintaining a balance between profitability and marketability of the product
  • Retention / Persistency of renewal book
  • Keep updated with latest offerings in the market and be at the forefront of new product offerings

4) Principal Accountabilities

Accountability

Supporting Actions

Group Term Life Quotation Pricing
  1. Ensuring to set the pricing strategy / assumptions / methodology for the group term life line of business
  2. Pricing model updates from time to time
  3. Managing stakeholder expectations in terms of premium rates and profitability
  4. Managing reinsurers & reinsurance solutions for this line of business
Group Products Management
  1. Review the business requirements for group products both new products as well as modifications
  2. Developing, pricing, preparing product documentation, conducting Product Managing Committee meeting, filing with IRDAI, launching products, etc.
  3. Managing end to end product lifecycle
Group Funds
  1. Evaluating the profitability of funds on quarterly / annual basis
  2. Declaration of interest rates for traditional products on monthly/quarterly / annual basis, as per product design
Analysis of business
  1. Analyzing profitability of the GTL book on regular basis to take relevant decisions on group business
  2. Analysing the ceded experience to make sure we get competitive reinsurance terms from the reinsurer
  3. Performing experience studies for Group Term Life business, thereby recommending suitable actionables based on the outcome
Reinsurance
  1. All the reinsurance treaties, risk retention limit and other terms and conditions are regularly reviewed.
  2. Ensure reinsurance terms are competitive and effective.
  3. Reinsurance risk is diversified.
  4. Reviewing of treaties and driving the signing process

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Aditya Birla Insulators

Executive Offices

MUMBAI MAHARASHTRA

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