Bajaj Allianz Wants You! Join as a Senior Executive Actuarial in Pune HO with 1+ Year of Experience. Don’t Miss Out!
About Bajaj Allianz :
Bajaj Allianz General Insurance Company, a joint venture between Bajaj Finserv Limited and Allianz SE, is one of India’s leading insurance providers. The company offers a wide range of insurance products and services to meet the diverse needs of its customers. With a commitment to innovation and customer-centric solutions, Bajaj Allianz has become a trusted name in the insurance industry.
The company’s offerings include health insurance, motor insurance, travel insurance, home insurance, and various other insurance products. Bajaj Allianz is known for its focus on digital solutions and customer convenience, making it easier for policyholders to manage their insurance needs.
As a prominent player in the insurance sector, Bajaj Allianz strives to provide financial security and peace of mind to individuals, families, and businesses across India. Their strong presence, ethical practices, and dedication to customer satisfaction have made them a respected choice for insurance coverage in the country.
Position Overview :
Job Title: Senior Executive Actuarial
Location: Pune, Maharashtra, India
Education/Qualification: Graduation/Post Graduation
Years of Experience: 1 to 5 Years
Job Description:
Skills Required:
- Familiarity with spreadsheets, databases, statistical analysis programs (e.g., SAS), and programming languages (e.g., Python/R)
- Strong analytical and problem-solving skills
Responsibilities:
Product Pricing and Filing:
- Gathers data from various stakeholders and analyzes historical data, risk parameters, expected loss cost, loss ratio calculations, and other metrics to assist in pricing various products for maintaining desired profitability.
- Responsible for analyzing inputs and deriving pricing for tenders under government schemes.
- Provides inputs on new (including revisions) product design and structure.
- Collaborates with concerned stakeholders for pricing and filing with IRDA.
- Prepares technical documents related to pricing.
- Reviews all documents being signed by Appointed Actuary and filed with IRDAI for accuracy and consistency.
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Portfolio Monitoring and Analysis:
- Analyzes the existing retail portfolio performance and creates KPI reports.
- Provides specific reports as required by other stakeholders (UW/Marketing/Claims).
- Offers support in profitability review, experience projections, and renewal decisions.
Analysis and Adhoc Requirements:
- Conducts competitor analysis, trend analysis, and price benchmarking using market data.
- Assists in developing pricing and distribution tactics.
- Collaborates with the product development team for product filing.
- Provides assistance with system development for various products.
- Supports various exercises related to analyzing product results, reinsurance tenders, product development, and actuarial work.
- Assists the Fraud Investigation Team in developing or improving fraud detection models.
- Provides logics to MIS to ensure stakeholders (UW/Claims/Marketing/Product) get required reports.
- Analyzes IIB data, prepares reports, and shares them with management and various stakeholders.
Designation: Senior Executive Actuarial
If you meet the qualifications and have a strong analytical background, consider applying for this position.
How to Apply :
To Apply for this simply click on “Apply Now” .
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