Actuarial Manager

TATA AIG General Insurance Company Limited; Mumbai; On-site; INR 2,000,000 - 4,200,000; Full time

Job summary

TATA AIG General Insurance Company Limited in Mumbai seeks an experienced Actuary to lead pricing initiatives for motor insurance. You will develop and refine pricing models, conduct analyses, and support filings with technical documentation.

You will mentor junior analysts, drive automation of pricing processes, and collaborate with underwriting, claims, product, finance and reinsurers to optimise profitability.

Qualifications

• 6-7 years of experience in General Insurance, preferably in Motor Pricing or Actuarial Analytics.
• Experience in actuarial pricing, product/rate filings, portfolio management, and pricing governance.
• Bachelor's/Master's degree in Mathematics, Statistics, Actuarial Science, Engineering, Economics or another quantitative discipline.
• Good progress towards actuarial qualification (IAI, IFoA, or equivalent). 7-10 actuarial examinations cleared preferred.

Responsibilities

• Develop, maintain and enhance Motor pricing models and pricing frameworks.
• Conduct pricing studies, experience analyses, and portfolio performance reviews to support pricing decisions.
• Support product and rate filings by preparing technical documentation and actuarial analyses.
• Analyse policy and claims data to identify trends, assess portfolio performance, and recommend pricing actions.
• Drive automation and continuous improvement of pricing processes and reporting.
• Partner with Underwriting, Claims, Product, Finance, Reinsurance, and Business teams on pricing initiatives.
• Lead pricing projects and mentor junior actuarial analysts.

Skills

Motor pricing

GLMs

Insurance metrics

Portfolio profitability

Data interpretation

Education

Mathematics/Statistics/Actuarial Science degree

Actuarial qualification progress (IAI/IFoA)

Tools

WTW Emblem

Radar

R

SQL

Excel

Job description

• Develop, maintain and enhance Motor pricing models and pricing frameworks.
• Conduct pricing studies, experience analyses, and portfolio performance reviews to support pricing decisions.
• Support product and rate filings by preparing technical documentation and actuarial analyses.
• Analyse policy and claims data to identify trends, assess portfolio performance, and recommend pricing actions.
• Drive automation and continuous improvement of pricing processes and reporting.
• Partner with Underwriting, Claims, Product, Finance, Reinsurance, and Business teams on pricing initiatives.
• Lead pricing projects and mentor junior actuarial analysts.

Education and Actuarial Qualification

• Bachelor's/master's degree in Mathematics, Statistics, Actuarial Science, Engineering, Economics or another quantitative discipline.
• Good progress towards actuarial qualification (IAI, IFoA, or equivalent). 7-10 actuarial examinations cleared preferred.

Experience

• 6-7 years of experience in General Insurance, preferably in Motor Pricing or Actuarial Analytics.
• Experience in actuarial pricing, product/rate filings, portfolio management, and pricing governance.

Skills

• Strong understanding of Motor insurance pricing, actuarial pricing methodologies, and Generalized Linear Models (GLMs). Good understanding of insurance financial metrics, portfolio profitability, reserving concepts, and regulatory requirements.
• Hands-on experience with WTW Emblem, Radar. Proficiency in R, SQL, and Microsoft Excel.
• Strong analytical, problem-solving, and data interpretation skills.