Actuarial - Pricing
Magma General Insurance Limited
2 - 5 years
Mumbai
Posted: 29/01/2026
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Job Description
- Drive the process of Product Pricing by understanding product structure, preparing filing documents including the technical note, filing the product with the regulator and handling the queries thereafter.
- Analysis of product performance and comparison with the risk factors used at the time of pricing.
- Submission of various regulatory requirements from time to time. This includes the predefined regulatory submissions like product performance report as well as the ad-hoc requirements.
- Preparation of performance dashboards for various products and highlighting the areas of concern to the Appointed Actuary.
- Automation of various manual activities on SAS Viya. Building pricing models/ other statistical models on SAS Viya.
- Develop towards a culture of strong checks and balances and high levels of documentation standard.
- Discussions with underwriting and distribution teams for product design, structure and performance.
- Involvement in budgeting activity for various key performance indicators.
- Knowledge of sound actuarial principles.
- Knowledge of MS-Excel and MS-Word. Knowledge of R, VBA, SAS, Power BI and/or Tableau will be an added advantage.
- Good communication skills
- Experience in handling queries from the Regulator
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