Executive - Actuarial, Max Bupa, 3+ years

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20 Jul 2018, 12:10

  • Statutory IRDA & TAC Reporting
  • Valuation of claims liabilities
  • Reinsurance treaty structuring support
  • Data Analysis and Actuarial MIS
  • Product Profitability Review
  • Review of pricing assumption and models
  • Analytic support for Reasonable and Customary Charges
  • Support GTM for products
  • Preparation and maintenance of SOP and supporting internal and external audit.
 Key Responsibilities(Mention a detailed description of key areas of focus, essential functions and primary responsibilities required to be performed by the incumbent to achieve business objectives)Key Measures of Performance(Describe the major performance assessing criteria and expectations from the role) 
  • Data collection and preparation of Statutory IRDA & TAC reports.
  • Review and sign off of reports from Appointed Actuary.
  • Responsible for IRDA queries related to statutory reporting and TAC reports.
  • Support external auditor in understanding of statutory reporting requirements and regulations.
  • Assessment of claims liabilities as per IRDA regulation.
  • Review of reserving methodology periodically along with Appointed Actuary
  • Support reinsurance treaty closure related to specific product.
  • Preparation of Internal MIS for Enrolment and claims.
  • Works along with IT to capture relevant information related to new products in customise reports.
  • Highlight area of concern to senior management based on experience of the company.
  • Adhoc projects related to experience analysis to support /review pricing assumption for products.
  • Development of models for product profitability and carry out periodic review of profitability.
  • Support Provider team in analysis of impact Reasonable and Customary charges for current year and suggestion for next year.
  • Support Corporate Initiative team in formulating processes related to product launch.
  • Support sales and sales training team in finalization of product brochures and training material.
  • Overseeing uploading of rates in policy administration system for product before launch
  • Review of various tools (pivotal, mobile calculator etc) used by sales team to estimate premium for any product.
  • Preparation and updating of SOP’s related to actuarial function.
  • Support Internal and External Audits ( IRDA audit, BUPA Audit etc)
  • Ability to work with minimum supervision and problem solving ability
  • Completion of tasks on time and at desired standards including detailed documentation and audit trails
  • Accuracy of results and comprehensiveness of the pricing model/reports, including comprehensive analysis to support pricing basis and sensitivity analysis
  • Commercial success of the products

 Key Relationships (Internal / External)(Mention the set of key internal and external stakeholders) Internal:
  • Business Finance Team
  • Claims Team
  • Corporate Initiative Team
  • Legal and Compliance
  • I T Team
  • Sales Training Team
  • Business Planning Team
 Preferred Skill Set(Describe the nature and level of key skill required\preferred to perform the jobs e.g. interpersonal skills, problem solving ability and business expertise)

  • Technical skill in valuation and assessment of liabilities
  • Analytical skill to analyze company experience and give useful insight to various functions.
  • Experience in Health Insurance industry and understanding of industry practice.
  • Understanding of regulation related to Health and General Insurance
  • Understanding and knowledge of Health Insurance products
  • Stakeholder management
  • Result oriented and understanding of customer needs (both internal and external).
  • Planning and execution within timelines
  • Evaluation of complex models.
  • Industry and profession knowledge.
  • Innovative problem solving approach and decision making
 Minimum QualificationMinimum Experience a. Post Graduate in Statistic/Maths/Commerce/Economic or any professional qualification.
b. All CT exams or equivalent exams in Actuarial Science from IAI, India or IOA, UK. 3-5 years of experience in actuarial functionLogin to apply using the link/details given in attachment below.
Link to apply, 20-07 (1).txt
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Mayank Goyal

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