Pricing Actuary

Role: Lead Individual Pricing

Job Title: Chief Manager / Assistant Vice President

Experience: 7 years +

Department: Actuary

Work Location: Goregaon (East), Mumbai

Job Responsibilities

• Lead and mentor a team of few actuarial professionals, fostering a collaborative and high-performing work environment
• Manage and drive the end-to-end process of new product design, including ideation, actuarial modelling, risk assessment, and pricing strategies
• Conduct thorough feasibility studies for new and existing products, ensuring alignment with company objectives and market trends
• Ensure all products meet regulatory requirements by preparing and submitting necessary documentation for product filings and securing approvals from relevant authorities
• Act as a key liaison with regulatory bodies, addressing queries and ensuring timely product approvals
• Support other teams, such as IT, Operations, and Distribution, with system setups, product launches, and implementation activities, ensuring smooth and efficient roll-outs
• Stay abreast of changes in actuarial standards, regulations, and industry best practices, ensuring compliance and continuous improvement in pricing methodologies
• Prepare and present reports, analyses, and recommendations to senior management and other stakeholders.

Required Skills

• Strong technical knowledge of actuarial pricing, product development, and regulatory requirements within the life insurance sector
• Demonstrated leadership and team management experience, preferably having led small teams in a similar capacity
• Excellent analytical, problem-solving, and communication skills
• Ability to manage multiple projects and stakeholders in a fast-paced environment
• Proficiency in actuarial software (e.g., Prophet) and advanced Excel skills
• Strong understanding of the Indian life insurance market and regulatory landscape
• Experience in product filing and handling regulatory queries
• Adaptability and willingness to engage in cross-functional projects
• Results-driven, with a keen eye for detail and accuracy.