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Role Title (Designation) |
Senior Manager |
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Division |
Actuarial Pricing (Products) - Group |
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Department |
Actuarial |
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Level in Organisation |
3 / 4 |
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Role Purpose |
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The role would support development and implementation of the risk management framework |
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Reporting Hierarchy |
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Reporting to |
Head of Pricing |
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Roles reporting to this role |
Senior Executive/Executive - Group Pricing |
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Span of Control |
NA |
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Responsibilities of the Job Holder (Expectations of the Role) |
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Heading |
Description |
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1. Group Pricing |
Regular working / monitoring / reviewing of Group Term Quotations
Regular monitoring of Group Schemes, Mortality Experience Analysis
Liaising with Reinsurer, Legal and Compliance teams for RI treaty / addendum closure
Filing and other work related to Group Products
Developing new ideas and schemes for group business |
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2. Team Management |
Heading the group pricing team Regular training and development of team members |
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3. Stakeholder Management |
Coordinating with internal as well as external stake-holders viz. Sales Team, Compliance, Legal, Underwriting, Claims and Operations Teams, Reinsurer etc.
Assisting Business Planning / Finance teams for inputs related to company’s annual business plans |
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Qualifications |
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1 |
Master’s / Bachelor’s Degree in Mathematics, Statistics / Actuarial Science / Business Administration |
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2 |
2/3 CT subjects of Actuarial Examinations (Preferably CT1, CT3, CT5, CT6) |
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3 |
Minimum 3-5 Years’ experience in Group Pricing, Life Insurance |
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Skill Requirements |
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Functional Skills |
Soft Skills |
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1 |
Good understanding of insurance business (Group) |
Proficient in English |
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2 |
Updated knowledge on IRDAI regulations |
Good Communication & Analytical Skills |
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3 |
Working knowledge of the systems and processes |
Capability to manage multiple stakeholders |
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Any Other Specific Requirements |
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Preferred Industry |
Actuarial - Life Insurance |
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Key attributes |
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