Manager - Product Pricing
Axis Max Life Insurance · Gurugram · onsite · Posted 64d ago
Undisclosed2–7 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
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 experience and actuarial qualification
Disclaimer: This job posting & Location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
TestingProduct DesignTrend AnalysisAuditingProduct pricingActuarialIRDAsupervisionexcel
About Axis Max Life Insurance
Axis Max Life Insurance
Insurance
24.9k+
employees
2000
26 years old
Gurgaon/Gurugram, Haryana
India
About
Axis Max Life Insurance, a leading life insurance company in India, offers a range of life insurance plans and policies to ensure Lifetime Protection.
Industries
Insurance
Employee ratings
7,213 reviews
4.0/ 5
Culture
3.9
Career growth
3.7
Work-life
3.9
Employees rate it well for
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