JOB SUMMARY:
This position will support various projects in Pricing team and will have following responsibilities:

Individual and Group Product Pricing

Ability to create excel models for pricing and profit testing

Ability to check the work done by the team and spot errors by back of the envelope checks, trend analysis.

Provide technical inputs and ensure robustness of pricing models and Illustrations

Active involvement in finalizing the pricing assumptions and take necessary sign offs

Ability to understand the asset liability matching techniques especially for non-par (savings and protection) business

Understanding of the interest rate derivatives allowed as per regulations and awareness of the use in Indian Insurance Industry

Ability to provide insightful summary of the results of various iteration and sensitivities done during pricing

Comprehensive analysis on various product design aspects in the Pricing Report

Assist the senior pricing actuary in preparing pricing reports, FU and other documents necessary to get internal and IRDA approval





Prepare the ‘File and Use ‘document and reply to IRDA queries

Provide the actuarial assistance to group business team to help provide suitable and competitive quote rates with reasonable margins

MEASURES OF SUCCESS:
Ability to work with minimum supervision and problem solving ability

Completion of tasks on time and at desired standards including documentation and audit trails

Accuracy of results and comprehensiveness of the pricing model/reports

LEADERSHIP/DIRECTREPORTS:
The ideal candidate should be proactive in taking responsibilities and capable of working effectively in a cross functional team.

JOB REQUIREMENTS

MINIMUM EDUCATION:
Graduate

Solid progression of actuarial exams with a minimum of 10-12 exams including CT-5.

MINIMUM/SPECIFICEXPERIENCE:
Pricing experience, awareness of competitive landscape in the Indian Life Insurance market and IRDA regulations

Experience of pricing of products especially

📌 Manager - Product Pricing (India)
🏢 Axis Max Life Insurance
📍 India