Manager - Actuarial Pricing (Group)
Bandhan Life · Mumbai · onsite · Posted 40d ago
Undisclosed4–6 yrsfulltimeSourced from
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About this role
Manager - Actuarial Pricing (Group)
About Us
Establishedin 2008, Bandhan Life is your reliable partner in navigating the world offinancial security. We are at the forefront of an insurance evolution, strivingto bring peace of mind and prosperity to every corner of India. By leveragingstate-of-the-art technology, were breaking new ground in the life insuranceindustry, making our services accessible, user-friendly, and tailor-made forthe digital age.
Werededicated to demystifying life insurance, making it affordable, accessible, andsimple to engage with. Our approach has streamlined the process from selectionto claims, making it transparent and hassle-free. Our leadership team, with itsrich background in insurance, technology, and financial services, is guided bya shared vision: to always put our customers at the heart of everything we do.
Role Details:
Department: Actuarial Pricing(Group)
Employment Type: Permanent
Key Focus areas:
Overseeingand Generating Quotation for Group Credit Life, MFI, Group Term Products ensuringprofitability, 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, andprofitability trends, and provide actionable insights to management
Negotiate and evaluate reinsurance quotes and maintainrelationships with reinsurers
Develop, automate, and maintain pricing and portfolioMIS dashboards to support management decision-making.
Prepare profitability statements to assessproduct/scheme performance.
Manage and train team to ensure timely delivery oftasks 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 insuranceproducts.
Good knowledge of Regulatory environment (IRDAI/IAI)
Strong analytical, communication, and stakeholdermanagement skills.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
Quotationsupport managementActuarialReinsuranceFinancial SecurityunderwritingFinancial Servicescompliance
About Bandhan Life
Bandhan Life
Insurance
1.1k+
employees
2007
19 years old
Mumbai, Maharashtra
India
About
Bandhan Life is your trusted partner in financial security, making every Indian household financially secure. As a part of the renowned Bandhan Group, we are bolstering our collaborative strengths of digital innovation and robust distribution to enhance the value for all our stakeholders. Welcome to a new era of insurance, where growth, innovation, customer, and employee welfare are paramount.
Industries
Insurance
Employee ratings
464 reviews
3.3/ 5
Culture
3.1
Career growth
3.0
Work-life
3.3
Employees rate it well for
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