Job Description

  • Review and approve pricing quotations for large Group Insurance opportunities.
  • Lead, mentor, and develop the pricing team, fostering technical excellence.

About Our Client

The organisation operates in the Life Insurance industry in Mumbai.

Job Description

  • Review and approve pricing quotations for large and complex Group Insurance opportunities, ensuring profitable growth while balancing market competitiveness and risk considerations.
  • Monitor portfolio profitability, renewal experience, and pricing performance, and recommend corrective actions where necessary.
  • Analyze portfolio trends and provide actionable pricing insights and recommendations to senior management.
  • Manage reinsurance support activities, including treaty coordination, negotiations, and pricing of special or non-standard business opportunities.
  • Ensure adherence to IRDAI regulations, actuarial standards, and internal governance requirements.
  • Drive automation initiatives, process enhancements, and operational efficiencies within the Group Pricing function.
  • Lead, mentor, and develop the pricing team, fostering technical excellence and high-quality deliverables.
  • Collaborate with cross-functional stakeholders across actuarial, underwriting, sales, and operations teams.
  • Support Group Product Development, strategic business initiatives, and annual business planning activities.
  • Contribute to the overall growth and profitability strategy of the Group Insurance business.

The Successful Applicant

  • 7-9 years of relevant experience in actuarial pricing, insurance analytics, or Group Insurance pricing.
  • Strong experience in actuarial/pricing analysis, portfolio management, and stakeholder management.
  • Demonstrated ability to work closely with business leaders and provide commercially viable pricing solutions.
  • Minimum 10 actuarial papers cleared from IAI (Institute of Actuaries of India) or IFoA (Institute and Faculty of Actuaries, UK).
  • Strong analytical, problem-solving, and communication skills.
  • Experience in Group Life, Group Credit Life, or Group Health pricing will be preferred.
  • Proficiency in actuarial modeling, pricing tools, and data analytics platforms is desirable.
  • Commercial and business acumen.
  • Leadership and people management skills.
  • Strong presentation and stakeholder influencing abilities.
  • Attention to detail with a focus on governance and compliance.
  • Ability to drive innovation, automation, and continuous process improvement.

What's on Offer

  • Permanent Group Pricing Head role.
  • Location in Mumbai, HO.

If this role fits your experience, you can apply for the role.

Quote job ref: JN-102026-7124484


Job Details

Role Level: Not Applicable Work Type: Full-Time
Country: India City: Mumbai ,Maharashtra
Company Website: https://redirect.michaelpage.com/mp-home Job Function: Finance
Company Industry/
Sector:
Other

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