Lead Individual Pricing (Actuary) - Mumbai (Goregaon East)

Kotak Life; Mumbai; Sur place; INR 2 500 000 - 4 000 000; Plein temps

Résumé du poste

Kotak Life is seeking a dynamic Mid-Level Actuarial Pricing Manager in Mumbai to lead the pricing team and oversee product design, feasibility, regulatory compliance, and filings. The candidate will collaborate across departments, providing technical support for system setups and product launches.

The role requires 7+ years of actuarial experience, with at least 5 years in life insurance, and Fellow-level qualifications or near fellowship from IFOA/IAI.

Qualifications

• Educational Qualifications: Preferred Fellow Actuary or candidates close to achieving Fellowship from IFOA or IAI.
• Work Experience: 7 years+ relevant actuarial work experience, with at least 5 years in the Life Insurance industry.

Responsabilités

• Lead and mentor a team of actuarial professionals.
• Manage end-to-end process of new product design including pricing and feasibility.
• Conduct feasibility studies for new and existing products and regulatory alignment.
• Prepare and file product documentation for regulatory approvals.
• Act as liaison with regulatory bodies for approvals and queries.
• Support IT, Operations and Distribution with system setups and product launches.
• Stay updated on actuarial standards, regulations and pricing methodologies.
• Prepare and present analyses and recommendations to senior management.

Connaissances

Pricing

Actuarial Pricing

Product Development

Regulatory

Leadership

Analytics

Communication

Project Management

Prophet

Excel

Formation

Fellow Actuary (IFOA/IAI)

Outils

Prophet

Excel

Description du poste

Lead Individual Pricing (Actuary) - Mumbai (Goregaon East)) KLI - Mumbai - Intellion Square - HO, Mumbai, Maharashtra, India 7 - 15 Years Employee

Job Description

JOBDESCRIPTION

POSITION

Individual Pricing -Mid-Level Actuarial Pricing Manager

OBJECTIVE OF THEROLE

Kotak LifeInsurance Company is seeking a dynamic and experienced Mid-Level ActuarialPricing Manager to join our growing team. The successful candidate will leada team of few actuaries, overseeing all aspects of product design,feasibility analysis, regulatory compliance, and product filing andapprovals. The role will also involve cross-functional collaboration,providing technical support to other departments for system setups andproduct launches.

KEY RESPONSIBILITIES

• Leadand mentor a team of few actuarial professionals, fostering a collaborativeand high-performing work environment.
• Manageand drive the end-to-end process of new product design, including ideation,actuarial modelling, risk assessment, and pricing strategies.
• Conductthorough feasibility studies for new and existing products, ensuringalignment with company objectives and market trends.
• Ensureall products meet regulatory requirements by preparing and submittingnecessary documentation for product filings and securing approvals fromrelevant authorities.
• Actas a key liaison with regulatory bodies, addressing queries and ensuringtimely product approvals.
• Supportother teams, such as IT, Operations, and Distribution, with system setups,product launches, and implementation activities, ensuring smooth andefficient roll-outs.
• Stayabreast of changes in actuarial standards, regulations, and industry bestpractices, ensuring compliance and continuous improvement in pricingmethodologies.
• Prepareand present reports, analyses, and recommendations to senior management andother stakeholders.

REQUIRED QUALIFICATION AND SKILLS

• EducationalQualifications: Preferred Fellow Actuary or candidatesclose to achieving Fellowship from IFOA or IAI.
• Work Experience: 7 years + relevant actuarial work experience, with at least 5 years inthe Life Insurance industry.

Other skill set:

• Strongtechnical knowledge of actuarial pricing, product development, and regulatoryrequirements within the life insurance sector.
• Demonstratedleadership and team management experience, preferably having led small teamsin a similar capacity.
• Excellentanalytical, problem-solving, and communication skills.
• Abilityto manage multiple projects and stakeholders in a fast-paced environment.
• Proficiencyin actuarial software (e.g., Prophet) and advanced Excel skills.
• Strongunderstanding of the Indian life insurance market and regulatory landscape.
• Experiencein product filing and handling regulatory queries.
• Adaptabilityand willingness to engage in cross-functional projects.
• Results-driven,with a keen eye for detail and accuracy.

Job Snapshot

Updated Date

24-10-2026

Job ID

JOB16868

Department

Actuarial