Assistant Vice President/Vice President - Actuarial - Life Insurance - Individual Pricing

We're Hiring | AVP / VP - Actuarial (Pricing)

Location: Mumbai

Leading Indian Life Insurance Company

We are seeking a dynamic individual for the role of AVP or VP - Actuarial (Pricing).

This is a strategic position offering the opportunity to lead pricing initiatives and contribute to product innovation and profitability.

Key Requirements:

- Minimum 8 years of actuarial experience

- At least 10 actuarial papers cleared

- Must be currently working (or previously worked) with an Indian life insurance company

- Hands-on experience in product pricing (Traditional, ULIP, Protection, etc.)

- Strong understanding of IRDAI regulations, market trends & customer needs

- Excellent analytical and stakeholder management skills

Specific Responsibilities

1. Review of product specification for new products

2. Ensuring pricing models are in line with company's internal guidelines and relevant regulations

3. Preparing filing documents to be submitted to IRDAI/ PMC

4. Preparing response to IRDAI queries on filing

5. Performing analysis of individual and group pricing models

6. Adept at using excels and creating macros to perform premium rate generation and profit testing

7. Assisting the Product team in setting up the system for new product launch

8. Support in creating meaningful relationships with relevant stakeholders like Sales, Investments, IT, Customer Service, Legal & Compliance and Risk

9. Good knowledge of Regulations/Circulars/Guidelines

10. Support in other areas of actuarial work on need basis

11. Good teamwork and positive attitude to work is a must

12. Team Management