About the Role:

We're looking for a highly motivated and experienced Senior Manager to join our Actuarial Product Pricing & Development team.

In this pivotal role, you'll be responsible for the end-to-end pricing of our diverse product portfolio, ensuring alignment with both internal profitability targets and regulatory guidelines.

You'll lead a team, collaborate extensively with various departments, and play a key role in bringing innovative insurance solutions to market.

Key Responsibilities:

Product Pricing & Compliance:

- Review product specifications meticulously to ensure pricing strategies are robust and align with internal profitability hurdles and regulatory standards.

- Prepare comprehensive filing documents for new and revised products, and expertly address queries from IRDAI (Insurance Regulatory and Development Authority of India) and the Product Management Committee (PMC).

- Conduct in-depth pricing analysis for both individual and group insurance products, offering insights and recommendations to optimize performance.

Model Development & System Support:

- Develop and maintain advanced Excel models and macros for accurate premium generation, profit testing, and experience analysis.

- Provide critical actuarial support for the system setup and configuration of new product launches, ensuring seamless integration and functionality.

Collaboration & Stakeholder Management:

- Foster strong collaborative relationships with cross-functional teams including Sales, IT, Legal, Compliance, and other key stakeholders to ensure successful product development and launch.

Regulatory Expertise & Innovation:

- Stay abreast of the latest IRDAI regulations, guidelines, and market developments, ensuring our products remain compliant and competitive.

- Contribute proactively to other actuarial functions and special projects as needed, leveraging your expertise to enhance overall team capabilities.

Team Leadership & Development:

- Manage, mentor, and develop a high-performing team, fostering a positive, collaborative, and supportive work environment.

- Ensure effective delegation and oversight of tasks, promoting professional growth and knowledge sharing within the team.

Qualifications:

- Education: Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.

- Experience: 5-8 years of progressive experience in actuarial roles, with a significant focus on product pricing and development within the life insurance sector.

Skills & Competencies:

- Proven expertise in life insurance product pricing, profit testing, and actuarial modeling.

- Strong proficiency in Excel, including advanced functions and VBA for macro development.

- In-depth understanding of IRDAI regulations and the Indian insurance market landscape.

- Excellent analytical, problem-solving, and decision-making skills.

- Exceptional communication and interpersonal skills, with the ability to articulate complex actuarial concepts clearly to diverse audiences.

- Demonstrated leadership abilities, with experience in managing and developing a team.

- Ability to work independently and collaboratively in a fast-paced, dynamic environment