Actuarial Pricing Manager

A leading life insurance company is seeking a dedicated Actuarial Pricing Manager to join its individual pricing team. In this pivotal role, you will focus on product design, feasibility analysis, and regulatory compliance. Furthermore, you will manage the end-to-end product filing and approval process with relevant authorities. Consequently, this position is essential for driving technical innovation and ensuring the commercial success of new product launches.

The Actuarial Pricing Manager must perform complex actuarial modelling and risk assessments for new pricing strategies. Additionally, you will provide critical technical support to IT and Operations for system setups and UATs. Therefore, the company is looking for a professional with at least 2 years of experience and 5 to 6 actuarial papers cleared. If you are proficient in Prophet and advanced Excel, this Actuarial Pricing Manager role offers a premier platform for career growth.

Key Responsibilities for the Actuarial Pricing Manager

• Lead the end-to-end process of new product design, including ideation and actuarial modelling.
• Develop comprehensive pricing strategies while performing detailed risk assessments for each product.
• Prepare and submit necessary documentation for product filings to secure timely regulatory approvals.
• Proactively address regulatory queries to ensure the smooth progress of the product approval cycle.
• Support IT, Operations, and Distribution teams with system implementation and product launches.
• Stay abreast of changes in actuarial standards and industry best practices for continuous improvement.
• Ensure all pricing methodologies remain fully compliant with the evolving regulatory landscape.
• Collaborate across functions to provide technical insights for product configurations and UATs.
• Monitor the Indian life insurance market to align product designs with customer needs.
• Analyze the financial feasibility of various product structures to ensure long-term profitability.

Requirements and Qualifications

• Minimum of 2 years of relevant professional experience within the actuarial pricing domain.
• Educational Qualifications: Must have cleared at least 5 to 6 actuarial exams.
• Proven proficiency in Prophet actuarial software and advanced Microsoft Excel skills.
• Strong technical knowledge of product development and regulatory requirements in life insurance.
• Experience in handling product filings and responding to complex regulatory queries.
• Excellent analytical, problem-solving, and professional communication skills.

If you are an analytical professional ready to drive the Actuarial Pricing Manager function for a premier insurer, we encourage you to apply today!