Actuarial Manager/Senior Manager

Kshema; Hyderabad; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Kshema General Insurance Limited, established to provide digital agri insurance, is seeking a Pricing Lead with 5+ years in general insurance pricing. You will drive pricing strategy, work with underwriting, product teams and data science to create competitive models, including government tenders and regulatory alignment.

You will mentor the pricing team, explore emerging tech like GPTs and Power Platforms, and communicate complex pricing concepts to senior stakeholders.

Qualifications

• 5+ years of experience in general insurance pricing or portfolio management with leadership experience.
• Strong grasp of actuarial principles, underwriting, regulation and product development.
• Proven ability to lead a pricing team and manage multiple priorities.
• Interest in emerging tech like GPTs and Power Platform for pricing models.

Responsibilities

• Lead pricing policy, strategies and models to be competitive and profitable.
• Own pricing for Government business including tenders.
• Collaborate with reserving to align pricing with risk appetite.
• Design pricing structures with underwriting and product teams.
• Analyze market trends and competitor pricing for competitiveness.
• Ensure pricing compliance with regulatory requirements and policies.
• Mentor pricing team and drive continuous improvement.
• Work with data scientists on granular dynamic pricing algorithms.
• Explain pricing concepts to senior management and board members.
• Implement new pricing tools, controls and risk management.

Skills

Pricing strategy

Leadership

Actuarial principles

Data analysis

GPTs / Power Platforms

SQL

Python

VBA

Job description

Kshema General Insurance Limited (Kshema) was established in 2018 and is India's only Digital Agri Insurance Company catering to farmers/cultivators in the Agriculture Sectors. Kshema enables cultivators with resilience from financial distress due to extreme climate events and perils through localised insurance products. Kshema is leveraging Technology to provide cutting edge insurance solutions to farmers.

Kshema has a pan India presence with more than 500+ employees on roles along with 500+ employees as contractors.

Job Description

• Leadthe development and implementation of pricing policy, strategies andmodels, ensuring they are competitive, profitable and responsive tointernal and external changes.
  
• Leadthe pricing for Government business, including tenders.
  
• Collaboratewith the reserving team to integrate reserving analysis into pricingdecisions and ensure alignment with the company’s risk appetite.
  
• Workclosely with the underwriting and product development teams to designpricing structures that support product innovation and market expansion.
  
• Analysemarket trends and competitor pricing to ensure Kshema’s pricing strategyremains competitive and responsive to market dynamics.
  
• Ensurecompliance with regulatory requirements and internal policies in pricingprocess.
  
• Lead,mentor, and develop the pricing team, fostering a culture of innovation,continuous improvement and professional growth.
  
• Workclosely with data scientists to utilise spatiotemporal data and buildgranular and dynamic pricing algorithms.
  
• Communicatecomplex pricing concepts and strategies to non-technical stakeholders,including senior management and board members.
  
• Implementnew pricing tools, controls and risk management in the pricing function.
  

Requirements

• 5+ year of experience ingeneral insurance pricing or portfolio management, including experience in aleadership role.
  
• Deep understanding ofactuarial principles, underwriting, regulatory environment, and productdevelopment processes
  
• Strong leadership skillswith experience managing a team and multiple priorities.
  
• Keen interest in use ofemerging technologies like GPTs, Power Platforms etc. in day-to-day work andpricing models.
  
• Proficiency in data analysisand open-source coding languages like VBA, SQL & Python.
  
• Strong analytical andproblem-solving skills, with the ability to interpret complex data to makeinformed decisions.
  
• Excellent communication andinterpersonal skills.