Associate Director – Pricing

A Leading Global Reinsurer is seeking a highly technical Associate Director – Pricing to lead its individual business pricing team in Mumbai. In this senior role, you will be responsible for the derivation of pricing bases, risk analysis, and the development of innovative reinsurance structures. Furthermore, you will lead the professional development of your team, fostering a culture of excellence and high performance. Consequently, this position is vital for driving profitable growth and ensuring market-leading pricing expertise.

The Associate Director – Pricing must possess expert knowledge of actuarial modeling software, with a strong preference for Axis experience. Additionally, you will interact directly with clients to ensure data integrity and oversee the timely delivery of high-quality quotes. Therefore, the reinsurer is looking for a Qualified Actuary with at least 10 years of professional experience. If you are a technical leader with a proven track record in project-oriented environments, this Associate Director – Pricing role offers a premier executive path.

Key Responsibilities

• Lead the pricing of individual life business through advanced modeling and data analytics.
• Set and periodically update pricing bases to reflect emerging experience and market trends.
• Contribute to the design of new insurance products and strategic reinsurance structures.
• Manage and mentor a high-performing pricing team, ensuring a desirable and productive work environment.
• Oversee the drafting of complex proposal and treaty documentation for global clients.
• Liaise with clients to resolve data issues and ensure the completeness of pricing inputs.
• Conduct regular experience analysis and monitor the performance of existing business blocks.
• Identify, assess, and manage insurance risks, providing timely reports to senior management.
• Drive internal reporting requirements and ensure strict adherence to global actuarial standards.
• Take ownership of technical challenges, seeing them through to successful, auditable conclusions.

Requirements and Qualifications

• Qualified Actuary from a globally recognized professional association.
• Minimum of 10 years of experience in actuarial or analytical functions, with a focus on pricing.
• Strong technical proficiency in MS Excel, Macros, and Actuarial software (Axis preferred).
• Bachelor’s or Master’s degree in Mathematics, Statistics, or Actuarial Science.
• Exceptional communication skills and the ability to negotiate with senior stakeholders.