Acturial - Product Development - AVP - L6 - Mumbai (Intellion Square - HO)
2 days ago
JOB DESCRIPTION POSITION
Individual Pricing - Mid-Level Actuarial Pricing Manager
DESIGNATIONAVP
POSITION GRADEL6
DEPARTMENTActuarial
OBJECTIVE OF THE ROLEKotak Life Insurance Company is seeking a dynamic and experienced Mid-Level Actuarial Pricing Manager to join our growing team. The successful candidate will lead a team of few actuaries, overseeing all aspects of product design, feasibility analysis, regulatory compliance, and product filing and approvals. The role will also involve cross-functional collaboration, providing technical support to other departments for system setups and product launches.
KEY RESPONSIBILITIES- Lead and mentor a team of few actuarial professionals, fostering a collaborative and high-performing work environment.
- Manage and drive the end-to-end process of new product design, including ideation, actuarial modelling, risk assessment, and pricing strategies.
- Conduct thorough feasibility studies for new and existing products, ensuring alignment with company objectives and market trends.
- Ensure all products meet regulatory requirements by preparing and submitting necessary documentation for product filings and securing approvals from relevant authorities.
- Act as a key liaison with regulatory bodies, addressing queries and ensuring timely product approvals.
- Support other teams, such as IT, Operations, and Distribution, with system setups, product launches, and implementation activities, ensuring smooth and efficient roll-outs.
- Stay abreast of changes in actuarial standards, regulations, and industry best practices, ensuring compliance and continuous improvement in pricing methodologies.
- Prepare and present reports, analyses, and recommendations to senior management and other stakeholders.
- Educational Qualifications: Preferred Fellow Actuary or candidates close to achieving Fellowship from IFOA or IAI.
- Work Experience: Minimum of 7 years of relevant actuarial work experience, with at least 5 years in the Life Insurance industry.
- Strong technical knowledge of actuarial pricing, product development, and regulatory requirements within the life insurance sector.
- Demonstrated leadership and team management experience, preferably having led small teams in a similar capacity.
- Excellent analytical, problem-solving, and communication skills.
- Ability to manage multiple projects and stakeholders in a fast-paced environment.
- Proficiency in actuarial software (e.g., Prophet) and advanced Excel skills.
- Strong understanding of the Indian life insurance market and regulatory landscape.
- Experience in product filing and handling regulatory queries.
- Adaptability and willingness to engage in cross-functional projects.
- Results-driven, with a keen eye for detail and accuracy.
KLI - Mumbai - Intellion Square - HO, Mumbai, Maharashtra, India
-
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 15,00,000 - ₹ 25,00,000 per yearJob Description Role: FP&A (Financial Planning & Analysis) LeadDesignation: AVP, L6Department: FinanceWork Location: Goregaon (East), MumbaiEducation: Qualified CAExperience: 5 years plusJob ResponsibilitiesYearly / annual closing of MIS books Monitor and identify reasons for variance between actual and budget numbers Preparation of analysis for...
-
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 15,00,000 - ₹ 25,00,000 per yearJob Description POSITION AVP Compensation (Rewards)DESIGNATION AVPPOSITION GRADE L6DEPARTMENT Human ResourcesREPORTING POSITION Lead Performance & RewardsWORK LOCATION Goregaon (East), Mumbai. Corporate officeOBJECTIVE OF THE ROLE The Compensation Specialist is responsible for assisting in the development, implementation, and management of the...
-
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 6,00,000 - ₹ 12,00,000 per yearJob Description Objective of the role:Performing Functional & Regression testing. Key Responsibilities:Well versed with software testing life cycle. Writing test scenarios & test cases based on requirement documents provided. Creating accurate test data. Performing Sanity, Regression testing by executing test scenarios & test cases. Preparing BRD...
-
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 12,00,000 - ₹ 36,00,000 per yearJob Description Job Summary: We are seeking an experienced and strategic Head of Compliance to lead and oversee the compliance function of our life insurance company. The ideal candidate will ensure full adherence to manage IRDAI compliances, Mock inspection, Circular implementation and supporting business in compliance assurance. Key...
-
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 12,00,000 - ₹ 36,00,000 per yearJob Description OBJECTIVE OF THE ROLE To handle Litigation and legal affairs of the Company. Drafting of replies to legal notices. Updation of case status in MIS. Fact finding of cases and finalization of replies to the Consumer Complaint. Provide legal opinion. Co-ordination with different departments to procure the case-related facts/details etc. Follow...
-
Mumbai, Maharashtra, India Kotak Life Insurance Full time ₹ 15,00,000 - ₹ 20,00,000 per yearEquity Research Analyst About The Role sWork Experience:- At least seven years of work experience in equity research with mutual fund, insurance company or broking entity. Reasonable experience in covering Capital goods and Power utilities will be preferred. Academic Qualifications:- CA / MBA / CFA Key Result Area:- Stock recommendations performing better...
-
HR Business Partnering
7 days ago
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 9,00,000 - ₹ 12,00,000 per yearJob Description Job ResponsibilitiesProactively assess current and future staffing requirements and develop strategies to meet those needs. Oversee the entire recruitment process from initial sourcing to onboarding. Track and analyze recruitment data to identify areas for improvement and optimize the recruitment process. Champion initiatives to...
-
Chief Manager
2 days ago
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 20,00,000 - ₹ 25,00,000 per yearJob Description Job Title: ServiceNow Lead (Chief Manager) Location: MumbaiJob Summary: We're seeking a highly experienced ServiceNow professional to lead our ServiceNow Platform. The ideal candidate will have extensive expertise in ServiceNow design, integration patterns, architecture, and technical leadership.Key Responsibilities:Implement...
-
Chief Manager
2 days ago
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 9,00,000 - ₹ 12,00,000 per yearJob Description Job Title: Chief Manager - Finance Work Location: Goregaon (East), MumbaiEducation: Qualified CAExperience: 4 yearsResponsibilitiesTo assist the team in monthly, quarterly and annual closing, and accounting for product set up. To have fair knowledge of IND AS. Liaison with Statutory Auditors and Internal Auditors. Identify areas for...
-
Chief Manager
7 days ago
Mumbai, Maharashtra, India kotak mahindra bank, Full time ₹ 9,00,000 - ₹ 12,00,000 per yearJob Description Job Title: Chief Manager - Finance and AccountsWork Location: Goregaon (East), MumbaiEducation: Qualified CAExperience: 4 yearsPurpose of the job Role Holder should be well versed in life insurance accounting and must be currently part of team handing insurance accounting & reporting. Should have basic product knowledge.Responsibilities...
