Manager - Product Pricing

Job description

**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 Strong 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 non participating products on excel **COMPENSATION RANGE:** Market competitive and based on previous salary, work experienceand actuarial qualification