AVP – Actuarial Pricing

A Leading Life Insurance Company is seeking a highly technical Assistant Vice President – Actuarial Pricing to lead its mathematical research team in Mumbai. In this high-visibility leadership role, you will take responsibility for the pricing and design of complex financial protection products. Furthermore, you will drive the development and quantitative implementation of the evolving Risk-Based Capital framework. Consequently, this position is crucial for optimizing corporate solvency models and ensuring robust asset liability matching parameters.

The Assistant Vice President – Actuarial Pricing must combine advanced commercial product strategy with strict regulatory filing compliance. Additionally, you will address statutory insurance authority queries and lead system configuration pipelines for fresh product rollouts. Therefore, the firm is looking for a qualified professional with extensive background in interest-sensitive or investment-linked product design. If you are a technical leader ready to steer corporate risk frameworks, this role provides an elite track.

Key Responsibilities

• Lead the technical pricing and architectural configuration of interest-rate sensitive and investment-linked life insurance portfolios.
• Design, calibrate, and launch innovative commercial product structures that balance risk and return profiles.
• Direct the complete new product filing lifecycle, ensuring flawless adherence to regulatory guidelines.
• Formulate comprehensive response notes to address statutory IRDA product query frameworks with absolute accuracy.
• Collaborate with IT application engineering teams to oversee accurate backend database system setups for product launches.
• Steer quantitative capital studies and construct the reporting infrastructure for the Risk-Based Capital regime.
• Lead corporate asset liability management (ALM) modeling projects and execute structural portfolio stress tests.
• Apply advanced spreadsheet automation, custom financial scripts, and data calculations using VBA.
• Monitor macro market changes to compensate for model bias gaps during peak economic variations.
• Provide strategic quantitative updates and solvency trajectory metrics directly to head office executives.

Requirements and Qualifications

• Fully Qualified Actuary credential from a globally recognized professional actuarial association is preferred.
• 10+ years of successful professional experience within an insurance actuarial or product development framework.
• Proven domain expertise handling structural life insurance product pricing and regulatory reporting.
• Advanced technical mastery of visual basic programming (VBA scripts) and standard quantitative software.
• Superb stakeholder management capabilities with a track record of driving cross-functional team execution.