Head Pricing Actuary - Life

EliteRecruitments; Bengaluru; On-site; INR 6,000,000 - 11,000,000; Full time

Job summary

EliteRecruitments is seeking a Hiring Head - Pricing Actuary for our Indian insurance client based in Bangalore. This strategic leadership role focuses on actuarial pricing, portfolio profitability, and governance across Group Insurance products to meet IRDAI regulations and achieve sustainable growth.

The incumbent will build and lead a high-performing pricing team, influence senior stakeholders, and collaborate with distribution, underwriting, finance, risk, and product management to drive

Qualifications

• FIAI or international actuarial fellowship is required.
• Bachelor’s degree in a quantitative field is expected.
• 10+ years in life insurance actuarial pricing, with Group Insurance pricing experience.

Responsibilities

• Own pricing strategy and governance for Group Insurance.
• Ensure regulatory compliance and product approvals with IRDAI.
• Lead pricing team and manage profitability, reinsurance, and portfolio performance.
• Collaborate with distributions, underwriting, finance, risk, and senior leadership.

Skills

Strategic leadership

Pricing governance

Actuarial modelling

IRDAI regulations

Stakeholder management

Commercial acumen

Communication skills

Education

Fellow of FIAI or international actuarial body

Bachelor’s in actuarial science/ mathematics/ statistics/ economics/ finance/ engineering

Job description

Hiring Head - Pricing Actuary for one of our Indian Insurance client in Bangalore location.

This is a strategic leadership role responsible for actuarial pricing, profitability management, governance and commercial support of the Group Insurance portfolio. The role provides end-to-end ownership of pricing the Products ensuring compliance with IRDAI regulations, getting the approval from PMC/Regulator in time as well as Group Pricing The incumbent leads Group Insurance pricing strategy, governance and profitability through robust actuarial analysis, portfolio oversight, reinsurance optimization and innovative pricing solutions, while ensuring sustainable growth and effective risk management. Working closely with Distribution, Underwriting, Finance, Risk, Product Management, Reinsurers, Operations and Senior Leadership, the role supports informed business decision-making and portfolio performance. The position is responsible for building and leading a high-performing pricing team and serves as a key contributor to strategic decisions impacting growth, capital efficiency, earnings and risk-adjusted returns.

Key Responsibilities

• Pricing Strategy, Governance
• Regulatory Compliance & Product Approval
• Reinsurance & Risk Management
• Leadership & Stakeholder Management

Education:

• Fellow of the Institute of Actuaries of India (FIAI) and/or a recognized international actuarial body.
• Bachelor’s degree in actuarial science, Mathematics, Statistics, Economics, Finance, Engineering or related discipline.

Experience:

• 10+ years of actuarial experience in life insurance, with significant experience in Group Insurance pricing.
• Proven experience in portfolio profitability management, pricing governance and reinsurance.
• Demonstrated success in leading actuarial teams and influencing senior stakeholders.
• Strong understanding of IRDAI regulations and the Indian life insurance market.
• Strong expertise in Group Insurance pricing and profitability management.
• Deep understanding of actuarial modelling, analytics and assumption setting.
• Sound knowledge of IRDAI regulations, actuarial standards and pricing governance.
• Strong strategic thinking and commercial acumen.
• Excellent stakeholder management, influencing and decision-making skills.
• Proven ability to lead teams, drive change and develop talent.High standards of integrity, accountability and professional judgment.
• Customer-focused with a strong orientation towards innovation and results.
• Effective communication, collaboration, and leadership capabilities