Assistant Manager -Actuarial Group Pricing

Bandhan Life; United States; Remote; USD 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking an actuary for their Actuarial Pricing department. The role involves generating quotations, attending to queries, and building calculators to assist with scheme setup. Candidates should have a good understanding of life insurance products and a relevant educational background.

Qualifications

• 0-2 years of work experience in the Actuarial team of a life insurance company.
• Good understanding of life insurance products.
• Understanding of product-related regulation.

Responsibilities

• Generate Quotation for Credit Life, MFI, Group Term Products.
• Attend to scheme related queries from sales and other departments.
• Evaluate various reinsurance quotes and maintain relationships.

Skills

MS Excel

VBA

Communication

Education

Graduate/Post-graduate

Job description

Role Details:

Department: Actuarial Pricing (Group)

Employment Type: Permanent

Key Focus areas:

• Generate Quotation for Credit Life, MFI, Group Term Products
• Attending to scheme related queries from sales, Product and other departments.
• Preparation of calculators to aid scheme set up.
• Monitoring the mix of scheme portfolio and give insights to seniors in the team.
• Evaluate various reinsurance quotes and maintaining reinsurance relationship.
• Maintain Group MIS
• Ensure to meet the deliverable timelines.

Qualifications & Competencies:

• Graduate/post-graduate.
• 0-2 years of work experience in the Actuarial team (Group pricing preferably) of a life insurance company
• 3 to 5 Actuarial papers (non-mandatory)
• Good understanding of life insurance products.
• Understanding of product related regulation and regulatory environment
• Good Knowledge of MS Excel & VBA.
• Good communication skill.