Deputy Manager

Talent Leads Consultants
  • Gurgaon
  • 10-15 lakh
  • 2-5 years
  • Views
  • 25 May 2017

  • Marketing

  • Recruitment/ Staffing
Job Description

Collaborate in the design of new Products along with other stakeholders and play a pivotal role in product development lifecycle starting from ideation, pricing, internal and regulatory approval

Strike a right balance between commercial considerations and risk management while recommending product designs

Together with the product manager, provide designs which are feasible to administer within the Max Life framework

Adherence to the product launch calendar and supporting the organization through changes

Product Pricing

Provide main technical inputs and ensure robustness of pricing models and Illustrations

Ability to create and review excel models for pricing and profit testing

Ability to provide insightful summary of the results of various iteration and sensitivities done during pricing

Comprehensive analysis on various product design aspects in the Pricing Report

Prepare pricing reports, F&U and other documents necessary to get internal and IRDA approval

Active involvement in finalizing the pricing assumptions and take necessary sign offs

Modeling products in Prophet (actuarial software)

Product Approval

Prepare the pricing report and facilitate approval from internal product approval committee and the Appointed Actuary

Prepare the File and Use document and reply to IRDA queries

Policy Administration System

Play a pivotal role in implementation and testing (review) of new products on policy administration system (INGENIUM) leading to effective launch of new products

Perform review of UAT of actuaries patch in INGENIUM which mainly includes the testing of charge structure of products, premium rates and policy behavior under various transactions such as lapse, RPU, Revival etc

Enable rigorous UATs through comprehensive test cases and provide sign offs

Product Life Cycle Management

Corrections and testing of defects in policy administration system for in force business

Resolve queries of agents/ customers for existing products

Annuity desk management

ALM aspects of non- par guaranteed products including derivatives

Competencies/Skill sets for this job

Regulatory Uat Modeling Product Pricing Test Cases Defects

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Talent Leads Consultants