Actuarial Pricing Manager

A leading health insurance company is seeking an analytical and motivated Actuarial Pricing Manager to join its dynamic team in Mumbai. In this hands-on role, you will focus on the pricing of new and existing products as well as regulatory filings. Furthermore, you will support IT development for rating logic implementation and collaborate across various business functions. Consequently, this position is essential for maintaining the commercial viability and actuarial accuracy of the company’s innovative health solutions.

The Actuarial Pricing Manager will lead pricing efforts for health and personal accident insurance while reviewing products based on emerging experience. Additionally, you will play a key role in finalizing reinsurance treaties and updating the regulator on these arrangements. Therefore, the company is looking for a professional with 3 to 4 years of experience and a minimum of 5 to 6 actuarial papers cleared. If you have a strong understanding of IRDAI filing guidelines and reinsurance requirements, this role offers a premier opportunity in the evolving health insurance space.

Key Responsibilities

• Lead or support the end-to-end pricing of new health and personal accident insurance products.
• Review and reprice existing products based on emerging experience and detailed competitive analysis.
• Prepare sophisticated pricing models, rate chart files, and comprehensive technical documentation.
• Assist in filing product pricing and related actuarial notes with the IRDAI to ensure compliance.
• Collaborate with Product Development, Underwriting, Claims, and Finance teams on pricing strategy.
• Support IT development for the implementation of rating logic and product configuration in systems.
• Share data requirements for the setup and renewal of critical reinsurance treaties.
• Assist in preparing the reinsurance plan and related documents for submission to the regulator.
• Stay updated with the latest regulatory guidelines and evolving market trends in health insurance.
• Ensure actuarial accuracy during system deployment and product configuration processes.

Requirements and Qualifications

Education and Experience

• Minimum of 5 to 6 actuarial papers cleared from a recognized professional body.
• Between 3 to 4 years of relevant experience in actuarial pricing within general or health insurance.
• Proven experience in preparing pricing models and managing regulatory filing processes.
• Experience in reinsurance plan preparation and treaty documentation is highly preferred.

Technical Skills and Competencies

• Strong proficiency in Excel, VBA, and R Studio or Python for data analysis.
• Deep understanding of general insurance pricing techniques and reinsurance requirements.
• Working knowledge of IRDAI product filing guidelines and regulatory frameworks.
• Strong problem-solving and analytical skills with high attention to technical detail.
• Good communication and documentation skills for preparing actuarial notes and reports.
• Ability to manage strict timelines and work collaboratively across multiple business groups.

What the Company Looks For

• A proactive professional dedicated to redefining health insurance through innovative product offerings.
• A technical expert who ensures the highest standards of actuarial accuracy in system deployments.
• A collaborative team player who aligns pricing strategy with overall business and commercial goals.

If you are a pricing professional ready to lead actuarial initiatives for a fast-growing health insurer, we encourage you to apply today!