Manager - Group Pricing (Actuary)

Kotak Life; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Kotak Life in Mumbai seeks a pricing specialist to drive profitability for group life products, including term and credit life. You will develop pricing models, perform profitability analyses, and coordinate with sales, underwriting and finance to prepare competitive quotations.

You will also manage reinsurance negotiations, monitor experience analyses, and ensure compliance with internal guidelines while supporting business acquisition and retention.

Qualifications

• Experience in pricing group life insurance products (e.g., term, credit life).
• Strong analytical skills with ability to develop and enhance pricing models.
• Ability to manage stakeholders across sales, underwriting and finance.

Responsibilities

• Pricing and profitability analysis for group life products.
• Development and enhancement of pricing models.
• Coordinate with sales, underwriting and finance to prepare quotations.
• Negotiate reinsurance terms for group schemes.
• Provide timely queries resolution on product, pricing and process to support acquisition and retention.
• Liaise with Group Sales and reinsurers for finalising quotations.
• Ensure compliance with internal guidelines and profitability standards.
• Monitor experience analysis and report to internal committees.

Skills

Pricing accuracy

Profitability analysis

Pricing models

Stakeholder management

Reinsurance negotiations

Cross-functional collaboration

Pricing strategy

Job description

The ideal candidate will possess strong expertise in pricing group life insurance products (e.g., term, credit life), along with excellent analytical and stakeholder management skills. The role involves:

• Pricing and profitability analysis
• Reinsurance negotiations
• Development and enhancement of pricing models
• Collaboration with sales, underwriting, and finance teams
• Prepare competitive and profitable quotations for group credit life insurance schemes
• Provide timely resolution of queries related to product, pricing, and process to support business acquisition and retention
• Liaise with Group Sales, internal departments, and reinsurers for finalization of quotations

Compliance & Process Adherence

• Ensure compliance with internal guidelines and maintain profitability standards
• Monitoring experience analysis and reporting to respective internal committees