Data Modelling Specialist - Underwriting - Mumbai (Goregaon East - HO)

<p class="xmsonormal"><b><span lang="en-in" xml:lang="en-in">Position: </span></b><span lang="en-in" xml:lang="en-in">Data Modelling Specialist - Underwriting</span></p><p></p> <p class="xmsonormal"><b><span lang="en-in" xml:lang="en-in">Designation:</span></b><span lang="en-in" xml:lang="en-in"> Chief Manager</span></p><p></p> <p class="xmsonormal"><b><span lang="en-in" xml:lang="en-in">Department: </span></b><span lang="en-in" xml:lang="en-in">Data Science</span></p><p></p> <p class="xmsonormal"><b><span lang="en-in" xml:lang="en-in">Reporting To: </span></b><span lang="en-in" xml:lang="en-in">Vice President</span></p><p></p> <p class="xmsonormal"><b><span lang="en-in" xml:lang="en-in">Work Location: </span></b><span lang="en-in" xml:lang="en-in">Corporate Office, Goregaon East, Mumbai</span></p><p class="xmsonormal"><span lang="en-in" xml:lang="en-in"><br /></span></p><p class="xmsonormal"><b>Objective of the Role</b></p><p></p><p class="xmsonormal">To develop, maintain, and enhance predictive data models that support underwriting decisions, improve risk assessment accuracy, automate underwriting processes, and strengthen portfolio quality. The role will leverage statistical modeling, machine learning, and advanced analytics to enable data-driven underwriting and risk management within the life insurance business.</p><p></p><div class="MsoNormal" align="center" style="text-align:center;"> <hr size="1" width="100%" align="center" /> </div><p class="xmsonormal"><b>Key Responsibilities</b></p><p></p><p class="xmsonormal"></p><table class="MsoNormalTable" border="0" cellspacing="3" cellpadding="0"> <tbody><tr> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;background:#F5F5F5;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal"><b><span style="color:#000000;">Responsibility</span></b></p><p></p> </td> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;background:#F5F5F5;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal"><b><span style="color:#000000;">Weightage</span></b></p><p></p> </td> </tr> <tr> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">Design, develop and validate underwriting risk models using internal and external data sources</p><p></p> </td> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">25%</p><p></p> </td> </tr> <tr> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">Build predictive models for mortality, morbidity, fraud detection, early claims indicators, and customer risk segmentation</p><p></p> </td> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">20%</p><p></p> </td> </tr> <tr> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">Analyze underwriting portfolio trends and identify emerging risk patterns to support underwriting policy decisions</p><p></p> </td> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">15%</p><p></p> </td> </tr> <tr> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">Develop scorecards and risk-based underwriting frameworks to improve decision consistency and turnaround time</p><p></p> </td> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">15%</p><p></p> </td> </tr> <tr> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">Partner with Underwriting, Actuarial, Data Engineering, Technology, Claims, and Risk teams for model deployment and monitoring</p><p></p> </td> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">10%</p><p></p> </td> </tr> <tr> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">Monitor model performance, calibration, and governance requirements, including periodic validations and documentation</p><p></p> </td> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">10%</p><p></p> </td> </tr> <tr> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">Support automation and AI/ML initiatives for digital underwriting and straight-through-processing (STP) enhancement</p><p></p> </td> <td style="border-left:1px solid #000000;border:solid #E6E6E6 1pt;padding:0.75pt 0.75pt 0.75pt 0.75pt;"> <p class="xmsonormal">5%</p><p></p> </td> </tr> </tbody></table><p></p> <div class="MsoNormal" align="center" style="text-align:center;"></div>