Job Description

: Product Pricing and filing 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 Responsible for analyzing inputs and deriving the pricing for tenders floated under government schemes Responsible for analyzing inputs and deriving the pricing for retail products/large business quotes Providing inputs on new (including revisions) product design and structure Collaborating with concerned stakeholders such as underwriters, marketing, product development etc. with regards to the pricing and filing the same with IRDA. Prepare technical documents related to pricing Review all documents being signed by Appointed Actuary and then filed with IRDAI for accuracy and consistency. Portfolio Monitoring and Analysis Analyze existing retail portfolio performance on key factors by creating KPI reports for the same Creating specific reports as an when required by other stakeholders - UW/ Marketing/claims Provide support w.r.t. profitability review, projections of experience and renewal decisions Analysis and Adhoc Requirements Uses market data to carry out competitor analysis, trend analysis, and price benchmarking Assist in the development of pricing/distribution tactics that maximize profitability for target volumes Collaborate with the product development team in product filing Assistance with logics for system development different products 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. Assist Fraud Investigation Team with logics to develop or improvise fraud detection models Provide logics to MIS to ensure various stakeholders (UW/ claims/ marketing/product) get the reports they require Analyse IIB data prepare reports and share it with Management/ various stakeholders Desirable Skills : Minimum 2-3 years of experience in the actuarial team Education/Qualification:Graduate/Post-Graduate Years Of Exp :6 to 8 Years

foundit