Assistant Manager - Pricing

Manipalcigna Health Insurance; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Manipalcigna Health Insurance invites applications for an actuarial role focused on pricing and analytics for Group Health Insurance. The incumbent will price opportunities, analyze claims experience, and evaluate risk profiles to develop implementable frameworks for BAU processes.

The role requires a quantitative degree and 2–3 years in health insurance pricing or actuarial functions, with the ability to develop GLM methodologies and SOPs for upcoming niche lines of business.

Qualifications

• Bachelor's degree in Statistics, Mathematics, Actuarial Science, Economics, Engineering, Commerce, or a related quantitative discipline.
• 2–3 years of experience in Health Insurance Pricing, Underwriting Analytics, or Actuarial functions.
• Experience in pricing Group Mediclaim and corporate health insurance products preferred.
• Cleared 2+ actuarial exams from IAI/IFOA.

Responsibilities

• Evaluate and price Group Health Insurance opportunities in line with company underwriting and profitability guidelines.
• Build processes for monitoring experience and analyzing areas of improvement.
• Develop GLM frameworks and methodologies to set rating benchmarks.
• Develop framework and SOPs for upcoming niche lines of business.

Skills

Analytical thinking

Problem solving

Education

Bachelor's degree in Statistics/Mathematics/Actuarial Science

Tools

MS Excel

VBA

SQL

Power BI

SAS

R

Python

Job description

Role Overview:

We are looking for a dynamic and analytical professional to join our Actuarial team. The incumbent will be responsible for pricing various verticals of Group Health Insurance business, analyzing claims experience, evaluating risk profiles, and developing frameworks to ease BAU processes.

Key Responsibilities:

• Evaluate and price Group Health Insurance opportunities in line with company underwriting and profitability guidelines.
• Build processes for monitoring experience and analyzing areas of improvement.
• Develop GLM frameworks and methodologies to set rating benchmarks.
• Develop framework and SOPs for upcoming niche lines of business.

Required Qualifications:

• Bachelor's degree in Statistics, Mathematics, Actuarial Science, Economics, Engineering, Commerce, or a related quantitative discipline.
• 2?3 years of experience in Health Insurance Pricing, Underwriting Analytics, or Actuarial functions.
• Experience in pricing Group Mediclaim and corporate health insurance products preferred.
• Cleared 2+ actuarial exams from IAI/IFOA.

Desired Skills:

• Strong analytical and problem-solving abilities.
• Proficiency in MS Excel (advanced functions, VBA).

Working knowledge of SQL, Power BI, SAS, R, or Python will be an added advantage.