New

Chief Manager / Deputy CM - Pricing (Finance & Accounts)/ 1298 days ago

Lower Parel West, Mumbai

15 To 25 INR Lacs

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Job Preference:

• 2 candidates from Actuarial background
• 2 candidates from CA background
• From Health Insurance and General Insurance only.
• Mandate: Must have command on data especially GLM (gross Linear Model) and R Software, Python.
• Minimum papers of Actuarial are also ok.
• Mumbai Based candidates.
• Able to handle pressure.

Job Description:

Pricing for New Plans    

• Modelling the utilization pattern of various benefits under the plan.
• Discussion with various departments on likely costs and take up rates.
• Giving feedback on areas where re negotiation can take place.

Repricing for Existing Plans    

• Repricing of existing plans to ensure profitability and growth.
• Suggest mix of benefit for optimal pricing exercise and benefit combination.

Framework for Assumptions vs Actual analysis    

• Work with Finance to design the framework for A vs E analysis.
• Suggest the required changes and enhancement to the process.
• Introduce stochastic estimation of utilization and model the likely scenarios.

Advance Actuarial Analytics (Retail)    

• Pattern Detection in Retail Customers.
• Identification of Anti-Selection pockets in various products.
• Illness Specific / Age Specific analytics.
• Contribution in Portfolio Ageing Analysis.

Advance Actuarial Analytics (Group)    

• Identification of Profitable segments.
• Running of GLM in Group Member level data.

Product Design and Pricing     

• Support in preparation of feasibility report of innovative features in the product design. 
• Coordinate with Experience monitoring team for data required for pricing.
• Identify risk and rating factors of the product.
• Support in framing Pricing assumptions.
• To build pricing models and derive technical pricing.
• Developing market intelligence for products and pricing requirements.
• Support in preparation of Technical justification for the product.
• Support in Preparation of pricing documents for IRDAI.
• Other tasks may be required from time to time as appropriate to the job and need of the organization. 

Effective Reinsurance management    

• Support in preparation of reinsurance program for the financial year.
• Perform stress testing and scenario testing on portfolio Exposures, catastrophe and other reinsurance covers.
• To prepare model for retention limit.
• Support in preparing IT system development for treaty set-up, calculation of reinsurance premium to be ceded to reinsurers, claims recovery and calculation of commission.

Premium adequacy in large corporate deals    

• To check calculation of quotes.

Qualification:

Skills: