Sr Manager Actuarial-Product Pricing

Axiom Pursuits; Mumbai; On-site; INR 1,800,000 - 2,500,000; Full time

Job summary

A leading insurance firm in Mumbai is seeking a Senior Manager of Actuarial Product Pricing to lead the design and pricing of innovative insurance solutions. The ideal candidate will have a strong background in actuarial modeling and product pricing, mentoring a team while ensuring compliance with regulatory standards. Key responsibilities include technical analyses and collaboration with teams across underwriting and finance. The position is crucial for aligning product offerings with market demand, leveraging data analytics for strategic insights.

Qualifications

• Proven track record in insurance product life cycles and pricing governance.
• Experience in developing and refining complex actuarial models.
• Ability to mentor a team of actuarial analysts.

Responsibilities

• Lead design, development, and pricing of insurance products.
• Conduct deep-dive technical analyses, including GLM modeling.
• Collaborate with cross-functional teams to align product offerings.
• Oversee preparation of technical filings for regulatory bodies.

Skills

Actuarial Modeling

Product Pricing

Prophet

R

Python

GLM

Risk Management

Financial Reporting

Regulatory Compliance

Team Leadership

SQL

Data Analytics

Education

Near-fellow or Fellow of a recognized Actuarial Institute

Job description

The Senior Manager of Actuarial Product Pricing will lead the design, development, and pricing of innovative insurance products to drive business growth and maintain profitability. This role involves developing and refining complex actuarial models to assess risk and determine competitive pricing strategies. You will be responsible for conducting deep-dive technical analyses, including GLM modeling, sensitivity testing, and profit testing, ensuring all products meet internal hurdle rates and external regulatory requirements. As a senior leader, you will collaborate with cross-functional teams such as Underwriting, Sales, and Finance to align product offerings with market demand and corporate strategy. Additionally, you will oversee the preparation of technical filings for regulatory bodies and ensure compliance with evolving industry standards like IFRS 17. The role requires a strategic thinker who can mentor a team of actuarial analysts, fostering a culture of precision and technical excellence. You will also stay abreast of emerging market trends and leverage data analytics to identify new opportunities in the insurance landscape. The ideal candidate is a near-fellow or fellow of a recognized Actuarial Institute with a proven track record in insurance product life cycles and pricing governance.

Required Skills

Actuarial Modeling, Product Pricing, Prophet, R, Python, GLM, Risk Management, Financial Reporting, Regulatory Compliance, Team Leadership, SQL, Data Analytics