Pricing Analyst

About the Role:

In this role, you will work as a member of the North America Life & Health Pricing Support Team based in Bangalore. We are a global team responsible for enabling and monitoring the pricing of the US Individual Life Mortality business.

Job Responsibilities

• Perform US Life Pricing Peer Reviews for New Business, Inforce and Structured deals prior to client Delivery of the offer.
• Prepare recent pricing wins for incorporation into the Valuation model through New Business Induction Process.
• Construct and update models to current best estimate assumptions for the annual Open Treaty Review process used in portfolio monitoring and margin management.
• Provide Sign-off on Regression Testing to make sure in-house Pricing Tool 'ICE' works as expected.
• Co-ordinate with team members on Assumption Updates (like Mortality Improvement, Principle Based Reserving, IFRS 17 etc.), New Deal Pricing Segmentation and Ad-hoc support to Pricing Actuaries.
• Collaborate with the Integrated Costing Environment (ICE) developers to test and deploy changes for the Pricing team.
• Own AXIS version upgrade for US AXIS Templates to keep it aligned to valuation and maintain AXIS Version Control Datasets for US.
• Develop business acumen in order to become a source of technical knowledge and advice.

Position Requirements:

• Successfully completed a bachelor's or Master's Degree in Actuarial Science, Mathematics, Statistics, or related field.
• Cleared at least 3-5 Actuarial papers from IFoA UK or IAI Mumbai.
• 2+ year of experience working in a Life Insurance Company.
• Programming/Software skills particularly in MS Excel – VBA, GGY AXIS and SQL are a plus.
• Demonstrates strong oral and written English communication skills along with strong interpersonal and analytical skills.
• Shows initiative in learning Actuarial Concepts in practical environment and supporting other team members and senior stakeholders.
• Ability to work independently, accurately and deliver to deadlines.