Head – Pricing Actuary

A Leading Life Insurance Company is seeking a visionary Head – Pricing Actuary to direct actuarial pricing, profitability management, and commercial support for its Group Insurance portfolio in Bengaluru. Reporting directly to the Appointed Actuary, you will assume full ownership of pricing strategy, File & Use submissions, and regulatory approvals with the IRDAI. Furthermore, you will drive reinsurance optimization, capital efficiency, and Value of New Business (VNB) metrics. Consequently, this strategic leadership role is essential for guiding profitable underwriting and corporate growth.

The Head – Pricing Actuary must combine Fellow accreditation (FIAI or equivalent) with extensive experience in life insurance pricing governance and actuarial modeling. Partnering closely with Distribution, Underwriting, Finance, Risk, and Reinsurance headers, you will evaluate large corporate proposals, set pricing assumptions, and manage portfolio loss ratios. Therefore, the company is looking for an authoritative actuarial leader who builds high-performing teams and enforces strict model governance. If you want to steer landmark group pricing strategy, this position offers an elite platform.

Key Responsibilities

• Define, execute, and govern the overall pricing strategy for the Group Insurance portfolio to maximize VNB and profitability.
• Establish, validate, and maintain actuarial pricing frameworks, calculation models, assumptions, and governance standards.
• Prepare File & Use documentation, pricing reports, and technical responses to resolve IRDAI/PMC regulatory queries on time.
• Provide expert actuarial pricing support for large corporate business opportunities, portfolio renewals, and partnerships.
• Lead reinsurance strategy, treaty negotiations, and portfolio risk management to optimize capital efficiency and protection.
• Build, mentor, and manage a high-performing pricing team, fostering technical excellence and professional growth.
• Collaborate with cross-functional leadership across Underwriting, Claims, Risk, and Finance to align business decisions.

Requirements and Qualifications

• Professional qualification: Fellow of the Institute of Actuaries of India (FIAI) or a recognized international actuarial body.
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or Engineering.
• 10+ Years of actuarial experience in life insurance, featuring significant specialization in Group Insurance pricing.
• Deep expertise in portfolio profitability management, pricing governance, IRDAI regulations, and reinsurance strategy.
• Proven track record of building actuarial models, leading high-performing teams, and influencing executive stakeholders.