Job Description - Actuarial Prophet Modelling.
Position: Senior Executive/Assistant Manager.
Context & Role:
Role requires a good understanding of actuarial pricing concepts and cash flows of life insurance products.
Role requires effective management of various stakeholders requirements. Therefore, quick turn-around-time without compromising accuracy of calculations is necessary.
Key Responsibilities:
Building pricing model in excel/prophet
Assist in assumptions setting for pricing
Preparation of filling formalities
Building/Validation of excel calculators for Benefit Illustration
Handling customer/IT queries related to benefit calculations
Meeting any pricing related regulatory requirement within specified timelines
Meeting any requirements from management regarding new products within timelines
Measures of Performance
Based on internal performance measurement process
Setting and achieving the goals covering the key responsibilities and pricing activities
Desired qualifications and experience
Any graduate / post-graduate with at least 5 actuarial papers where CT5/CM5 is compulsory
Up to 3 years of relevant experience in pricing, modelling or reporting roles in a life insurance company.
Knowledge and skills required
Good working knowledge in MS-Excel and MS-Word. Knowledge of Prophet is preferable.
Good drafting, reporting and communication skills.
Able to champion the use of technology within the function to improve the business performance
Other skills
Good coordination skills and communication skills
Ability to handle pressure and work with tight timelines
Fair understanding of insurance market landscape
Good interpersonal skills
A customer eccentric approach (customers may be defined as either internal or external)
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company ...