Actuarial Trainee - Pricing and Filling the product to IRDAI Full-time

STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED

Posted By : STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED

Mumbai, Maharashtra (3)

Purpose of the Role We, at SUD Life, have carved out an ambition of growth, emerging as a significant player in the industry across areas of scale, profitability, customer service, process efficiencies and market conduct. While the first decade has been focused towards establishing a self-sufficient business model, the requirements and ask for the upcoming decade are significantly different, requiring an allround enhancement and elevation of personality- internally titled as ‘SUD 2.0’- into a “Smarter, Faster, Stronger” enterprise. SUD 2.0 stands for our ethos of leading with empathy, collaboration, humility, and ownership, creating an ecosystem where we can empower our employees to lead with responsibility.

Role Purpose Responsible for pricing and filling the product to IRDAI Job Responsibilities 1. Developing pricing models and determining premium rates 2. Filing of new products or modification of existing products with IRDAI 3. Risk analysis of all factors: sensitivity (interest rate, mortality, expenses), strain & break-even analysis 3. Replying to queries from IRDA, Product Development team, IT and other teams. 4. Managing needs of different departments including valuation, Operation, IT, Legal etc. 5. Performing UAT 1.Knowledge and Experience in Life Insurance Pricing This document is confidential and part of recruitment process of SUD Life 3 Skills & Competencies Required 2. Excellent Excel Skills including macro writing. 3. Good communication skill. 4. Good Knowledge of Regulatory Environment ( IRDA/IAI) 5. Knowledge and Experience in Life Insurance Valuation. 6. Hands on in Prophet, DCS MS Office. (Good to have but not necessary) Experience Required NA Qualification Required At least 4 CT subjects of Actuarial Examination

Role Specific Skills
  • Active Learning
  • Active Listening
  • Administration and Management
  • Category Flexibility
  • Complex Problem Solving
  • Coordination
  • Critical Thinking
  • Customer and Personal Service
  • Deductive Reasoning
  • Economics and Accounting
  • English Language
  • Fluency of Ideas
  • Inductive Reasoning
  • Information Ordering
  • Instructing
  • Judgment and Decision Making
  • Law and Government
  • Learning Strategies
  • Management of Personnel Resources
  • Mathematical Reasoning
  • Mathematics
  • Monitoring
  • Near Vision
  • Negotiation
  • Number Facility
  • Oral Comprehension
  • Oral Expression
  • Persuasion
  • Problem Sensitivity
  • Reading Comprehension
  • Sales and Marketing
  • Service Orientation
  • Social Perceptiveness
  • Speaking
  • Speech Clarity
  • Speech Recognition
  • Systems Analysis
  • Time Management
  • Writing
  • Written Comprehension
  • Written Expression

Any Graduate

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