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Actuarial Manager

1.00 to 6.00 Years   Kolkata   23 Dec, 2022
Talish Solutions
Job LocationKolkata
EducationNot Mentioned
SalaryNot Disclosed
IndustryInsurance
Functional AreaStatistics / AnalyticsActurial Science
EmploymentTypeFull-time

Job Description

    We have an opening for Corporate Manager Actuarial for our client.About Company: Leading Health Insurance CompanyPosition: Corporate Manager ActuarialDepartment ActuarialReporting to Appointed ActuaryLocation Anywhere in IndiaCTC: 10 to 22 Lacs PAResponsible for all Group and Retail Health products Pricing, Regulatory Filing & Approvals. These include new products as well as revision of the existing products.To get involved in product ideation/design stage, carry out feasibility (risk & return) study on proposed new Product features with the Business Department and Management.Develop Actuarial Pricing Models to forecast expected future cost of the benefits covered in the product using claims frequency & severity approach. Build appropriate margins in the model to manage the risk inherent in the product and for future contingencies.Associated Claims analytics and mathematical/statistical studies to help estimate the Risk Premium Rates of the benefits covered, historic & future expected Medical Inflation/Trends, Option benefits Pricing.Estimate the future expected expenses (Fixed & Overhead expenses) to be built in the risk premiums to arrive at Final Gross Premiums to be charged from customers.Draft Technical Note of the Pricing & other pricing/Actuarial inputs in the filing documents of the product.Review Product documents like Policy Terms & Conditions, Prospectus cum Sales Literature, etc. in a manner to balance the troika - the Business, the Regulatory Authority and the customer.Take final Sign off from the stakeholders (Chief Compliance Officer, Appointed Actuary & Companys CEO) and formal filing of the product with the Insurance Regulatory and Development Authority of India (IRDAI).To address the Actuarial and Product queries raised by the Regulator with respect to the filed Product Pricing & Documentation. Represent company to the Regulator as and when required.To address Product related queries of the Sales, Compliance and Marketing Department product features/pricing. Also, provide Marketing collaterals (sales brochures, advertisement videos, messages etc.) approvals as and when required.To keep abreast with changing Insurance Regulatory guidelines, Actuarial Professional Standard & Guidance and emerging trends in the market with respect to Product Design/Risk/Premiums for competition benchmarking.Kindly share your CV with me hidden_emailContact Us:Priya Kumari+91 hidden_mobile /hidden_emailTalish Solutionswww.talishsolutions.com

Keyskills :
actuariesactuateactuarial

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