AM – Product Pricing

A leading life insurance company is seeking an analytical AM – Product Pricing to join its actuarial team in Mumbai. In this critical role, you will be responsible for providing accurate pricing solutions through the development of robust actuarial models. Furthermore, you will ensure that all cash-flow projections and pricing inputs are both reasonable and reliable. Consequently, this position is vital for designing competitive and customer-centric insurance products that drive business growth.

The AM – Product Pricing must collaborate with cross-functional teams to ensure seamless system set-up and successful product launches. Additionally, you will prepare and review technical filing documents for regulatory submission to the IRDAI. Therefore, the company is looking for a professional with 3 to 4 years of actuarial experience and at least 7 papers cleared. If you have a strong command of Excel and a passion for actuarial modeling, this AM – Product Pricing role offers a premier professional opportunity.

Key Responsibilities for the AM – Product Pricing

• Establish and maintain accurate pricing models to support the development of new insurance products.
• Ensure all actuarial cash-flow projections and pricing assumptions are reliable and well-documented.
• Provide strategic feedback on product features to help create competitive and customer-centric designs.
• Prepare and review technical product filing documents for timely submission to the regulator.
• Collaborate with IT and Operations teams to oversee system implementation and UAT for new features.
• Liaise with reinsurers to obtain necessary product support and manage treaty documentation.
• Interact with risk and experience analysis teams to validate and refine pricing assumptions.
• Support the broader actuarial function in business planning and financial risk assessment tasks.
• Maintain highly auditable model workings with comprehensive backups and technical documentation.
• Participate in the end-to-end product development lifecycle to ensure high-quality delivery.

Requirements and Qualifications

• Minimum of 3 to 4 years of professional experience (excluding internship) in actuarial functions.
• Mandatory completion of at least 7 actuarial papers from a recognized professional body.
• Excellent understanding of actuarial cash flows and strong technical problem-solving skills.
• Proficiency in Microsoft Excel, including the ability to build and manage complex models.
• Effective communication skills to collaborate with internal stakeholders and external partners.
• Strong attention to detail with a commitment to delivering accurate results within tight deadlines.

Core Competencies

• Strong interpersonal and stakeholder management skills for cross-functional coordination.
• Proactive approach to learning and innovating within the product pricing domain.
• Customer-centric mindset applied to both internal processes and external product solutions.
• Ability to translate complex actuarial concepts into actionable business insights.

If you are an actuarial professional ready to drive the AM – Product Pricing function for a premier insurer, we encourage you to apply today!