Manager - Group Pricing Actuary

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

Job summary

Kotak Life in Goregaon (East), Mumbai, seeks a Group Pricing Manager (Actuary) to lead pricing of group life products and drive profitability.

The role emphasizes pricing analytics, model development, and coordination with sales, underwriting, and finance to support business growth.

Location: Goregaon (East), Mumbai. 2+ years' experience required and a Graduate degree.

Qualifications

• 2+ years of pricing experience in life insurance.
• Graduate with strong analytics.
• Experience with group life products.

Responsibilities

• Pricing and profitability analysis
• Reinsurance negotiations
• Development and enhancement of pricing models
• Collaboration with sales, underwriting, and finance teams
• Prepare competitive quotations for group credit life 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 quotations
• Ensure compliance with internal guidelines and profitability standards
• Monitoring experience analysis and reporting to internal committees

Skills

Pricing analysis

Stakeholder management

Pricing models

Collaboration with teams

Education

Graduate

Job description

Job Description:

Role: Group Pricing Manager (Actuary)

Title: Manager / Senior Manager

Location: Goregaon (East), Mumbai

Experience: 2 years +

Education: Graduate

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

Pricing & Sales Support

• 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

· Stakeholder Management

• Liaise with Group Sales, internal departments, and reinsurers for finalization of quotations

· Compliance & Process Adherence

• Ensure compliance with internal guidelines and maintain profitability standards

· Reporting & MIS

• Monitoring experience analysis and reporting to respective internal committees

Requirements: