Manager - Actuarial Pricing (Group)

Role Details:

Department: Actuarial Pricing (Group)

Employment Type: Permanent

Key Focus areas:

• Overseeing and Generating Quotation for Group Credit Life, MFI, Group Term Products ensuring profitability, competitiveness, and compliance with internal guidelines.
• Handling scheme related queries from Business, Products, Underwriting and other departments.
• Develop calculators to support scheme set up
• Monitor portfolio mix, claims experience, and profitability trends, and provide actionable insights to management
• Negotiate and evaluate reinsurance quotes and maintain relationships with reinsurers
• Develop, automate, and maintain pricing and portfolio MIS dashboards to support management decision-making.
• Prepare profitability statements to assess product/scheme performance.
• Manage and train team to ensure timely delivery of tasks and projects

Qualifications & Competencies:

• Graduate/post-graduate
• 4-6 years of work experience in the Actuarial team (Group pricing preferably) of a life insurance company
• 3 to 5 Actuarial papers (preferred but not mandatory)
• Sound understanding of various life insurance products.
• Good knowledge of Regulatory environment (IRDAI/IAI)
• Strong analytical, communication, and stakeholder management skills.