Location
Bangalore | India
Job description
About Navi
Navi is one of the fastest growing financial services companies in India providing Personal & Home Loans, Insurance and Mutual Funds with a digital first approach. At Navi, our mission is to build financial services that are simple, accessible and affordable.
Founders: Sachin Bansal & Ankit Agarwal
Know what makes you a 'Navi_ite' :
1.Perseverance, Passion and Commitment
• Passionate about Navi's mission and vision
• Demonstrates dedication, perseverance and high ownership
• Goes above and beyond by taking on additional responsibilities
2.Obsession with high quality results
• Consistently creates value for the customers and stakeholders through high quality outcomes
• Ensuring excellence in all aspects of work
• Efficiently manages time, prioritizes tasks, and achieves higher standards
3.Resilience and Adaptability
• Adapts quickly to new roles, responsibilities, and changing circumstances, showing resilience and agility
Key Responsibilities:
- To work upon various types of health insurance products pricing, preparation of technical notes and working closely with the product and underwriting team on product design and market-research.
- Design and define key matrix for tracking product performance and generating business insights.
- Preparation of reports for annual valuations, financial condition reports, asset-liability report, economic capital and other actuarial projects.
- Coordinate with internal teams for any IRDAI related requirements and queries.
- To work towards bringing efficiency and maximum automation in various actuarial projects.
Key Requirements
- An Associate or nearly qualified Actuary with 5-7 years of experience in reserving or pricing the retail insurance products preferably Health lines of business, with a focus on the Indian Insurance market
- Experience in working on various regulatory actuarial reports e.g. Annual valuation, FCR, ALM, EC etc.
- Strong knowledge of Insurance related regulations, actuarial standards of practice, actuarial modeling techniques and various statistical analysis
- Excellent problem-solving skills with an ability to handle complex actuarial calculations
- Strong communication and interpersonal skills, with the ability to effectively present complex concepts and findings to non-actuarial audiences
- Attention to detail, high levels of accuracy, and excellent organizational skills.
- Ability to work independently as well as collaboratively within a team.
- Experience of managing project team both upwards and downwards stakeholder management
- Hands-on experience with R/Python and MS Office.
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