Actuarial Specialist

Kotak Life; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Kotak Life in Goregaon East, Mumbai, seeks an Actuary Individual Pricing Manager to lead a pricing team for end-to-end product design and pricing strategy. The role involves regulatory filings, collaboration with IT and operations, and driving market-aligned pricing methodologies.

The Senior Manager/Chief Manager role requires 7+ years of actuarial experience with a strong emphasis on pricing, risk assessment and cross-functional coordination.

Qualifications

Responsibilities

• Lead and mentor a team of actuarial professionals for pricing and product design.
• Drive end-to-end pricing for new products including modelling, risk assessment and strategy.
• Perform feasibility studies for new/existing products aligned with market trends and objectives.
• Ensure regulatory filings and approvals through liaison with authorities.
• Support IT, Operations and Distribution teams during product launches and roll-outs.
• Stay updated on actuarial standards, regulations and best practices in pricing.

Job description

Role: Actuary Individual Pricing Manager

Job Title: Senior Manager / Chief Manager

Education: Graduate / Post Graduate

Experience: 7 years +

Work Location: Goregaon (East), Mumbai

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.