
Associate Vice President
24 hours ago
Position - Associate Vice President / Dy. Vice President - Product Pricing (Actuarial)
Reporting To: Appointed Actuary
Role Summary:
We are seeking a highly skilled and detail-oriented AVP / DVP - Product Pricing to lead the pricing, regulatory filing, and lifecycle management of life insurance products.
The ideal candidate will bring deep actuarial expertise, strong stakeholder engagement skills, and a proactive mindset to drive innovation and compliance in a dynamic regulatory environment.
Key Responsibilities:
- Lead end-to-end product pricing for life insurance offerings, ensuring alignment with business strategy and regulatory requirements.
- Manage product filing process with IRDAI, including documentation, coordination, and follow-ups for timely approvals.
- Liaise with IRDAI officials to facilitate seamless communication and proactively resolve queries or objections.
- Monitor regulatory changes and market trends to design responsive product and business solutions.
- Identify product gaps compared to competition and lead pricing strategies to close them effectively.
- Track product performance and business outcomes to deliver insights and recommendations to senior management.
- Drive minor modifications of existing products based on market feedback, regulatory needs, or business priorities.
- Collaborate closely with cross-functional teams, including Sales, Marketing, Operations, and Compliance etc.
Desired Candidate Profile:
- Bachelor's/Masters degree in Actuarial Science, Mathematics, Statistics, or related field.
- Qualified Actuary
- 10- 12 years of relevant experience in life insurance product pricing and IRDAI product filings.
- Strong understanding of IRDAI regulations, product structures, and actuarial modelling techniques.
- Proficiency in actuarial tools such as Prophet, Excel, and SQL (preferred).
- Excellent communication and stakeholder management skills.
- LI Industry experience.
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