Qualified Actuary-Life Pricing role

2 days ago

Mumbai, Maharashtra, India Black Turtle Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Major Responsibilities

  1. Leadership

  2. Accountable for ensuring business written in India aligns with company standards and achieves the market plan

  3. Drive and manage the team's short- and medium-term priorities
  4. Support development of actuarial staff

  5. Lead and contribute to regional projects

  6. New Business Quotes and Tenders

  7. Lead the pricing and modelling of new business, supported by your pricing colleagues; hold sign-off authority on quotes in India

  8. Collaborate with a cross-functional team of experts from client markets, underwriting and claims to assess risks and ensure the long-term sustainability of business written

  9. Identify and understand clients' needs and concerns

  10. Experience Monitoring and Inforce Insights

  11. Partner with Portfolio Management and Valuation teams to closely monitor the performance of inforce portfolios, ensuring the team stays on top of all underwriting developments and can respond proactively to emerging trends

  12. Work with the Experience Studies team to gain insights into experience (e.g. claims, lapse), supporting data-driven pricing and portfolio decisions

  13. Develop and enforce pricing guidelines, challenge existing practices for improvement, and stay updated on market, regulatory, and competitive trends

  14. Strategy, Product Development and Brand Presence

  15. Lead technical, research and project management input for product development initiatives

  16. Further the company brand across the region through speaking at seminars/conferences and writing of articles in industry publications
  17. Provide strategic inputs in the running of the company business in India including implications of regulations, market and industry developments

Qualifications & Requirements

  • Qualified actuary with 5-10 years PQE minimum (under a recognized actuarial body FIAI/SOA/CAS/IOA/FOA/FIA) with a bachelor's degree in actuarial science, Mathematics, Statistics, Economics or equivalent
  • Insurance or reinsurance working experience (including consulting); pricing experience of the India market is strongly desirable
  • Proven commercial and technical skills in Life & Health product design and pricing
  • Proven leadership in managing actuarial teams and driving transformation through ambiguity
  • Strong understanding of IFRS17 reporting and its implications on pricing and profitability
  • Excellent stakeholder management and communication skills, with the ability to influence across functions and geographies
  • Experience at using and developing pricing tools, is a plus
  • Experience in medical reimbursement pricing is a plus
  • Excellent verbal and written communication skills in English

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