Senior Manager/Chief Manager/AVP – Pricing Lead – Actuary

Serving Skill; Mumbai; On-site; INR 2,000,000 - 4,200,000; Full time

Job summary

A leading actuarial service provider in Mumbai is seeking a Chief Manager for Group Pricing to supervise the credit life quotation process. Responsibilities include monitoring profitability, liaising with sales teams, and issuing quotes. Ideal candidates have 3+ years of actuarial experience and proficiency in MS Excel. Join a dynamic team and contribute to innovative life insurance solutions.

Qualifications

• 3+ years of experience in actuarial roles.
• Experience in Credit Life Quotations is ideal.
• Candidates pursuing actuarial exams preferred.
• MS Excel proficiency required.
• Strong communication and negotiation skills.
• Analytical and numbers-driven mindset.

Responsibilities

• Supervise pricing for group insurance schemes.
• Monitor profitability and analyze mortality experience.
• Issue quotes for credit life/group health/affinity schemes.
• Prepare MIS on specified frequency.
• Assess profitability of credit life schemes and quote group/health/affinity products.
• Identify loss-making schemes and support re-pricing and product design efforts.
• Maintain high standards of actuarial rigor and risk reporting.

Skills

MS Excel proficiency

Communication

Negotiation

Analytical skills

Education

Graduate/Post Graduate in statistics/commerce/science

Job description

Overview

Lead- Pricing (Actuary)

POSITION : Chief Manager – Group Pricing

DESIGNATION : Senior Manager / Chief Manager / Assistant Vice President

DEPARTMENT : Actuarial

SUB DEPARTMENT : Group Pricing – Credit Life

REPORTING POSITION : Senior Vice President – Actuary

OBJECTIVE OF THE ROLE : To Supervise the Credit Life Quotation process including analysis of mortality experience and profitability of the portfolio.

Responsibilities

• Supervision of pricing for group insurance schemes for Group Credit Life schemes
• Liaising with Kotak Life Group Sales team and reinsurer for group quotation
• Ongoing monitoring of profitability and analysis of mortality experience of the scheme.
• MIS on the desired frequency
• The individual will be responsible for assessing profitability of credit life schemes.
• Issuing quotes for credit life/group health/affinity schemes.
• Identifying loss making schemes for potential re-pricing, developing and designing new life insurance/health insurance products, modifying existing products to meet business needs. Supervision of pricing for group insurance schemes for Group& Individual Credit Life schemes
• Liaising with Kotak Life Sales team and reinsurer for group quotation
• High standards of technical rigor
• Experience of financial or risk reporting of complex financial products.
• Life Insurance experience is mandatory with Actuarial exams.

Qualifications and Skills

• Educational Qualifications : Graduate/ Post Graduate in statistics/ commerce/ science
• Work Experience : 3 years +
• Certifications : Candidate pursuing actuarial exams preferred, though not must.
• Ideally, the candidate should have prior experience in Credit Life Quotations.
• Other skill set : MS Excel proficiency
• Communication and Negotiation
• Analytically strong