AVP – Group Pricing

A leading life insurance company is seeking a strategic AVP – Group Pricing to join its actuarial leadership team. In this pivotal role, you will lead the pricing functions for group life insurance products, including term and credit life. Furthermore, you will be responsible for managing a dedicated team to ensure the timely delivery of actuarial support. Consequently, this position is vital for designing competitive and profitable group solutions that meet organizational objectives.

The AVP – Group Pricing must collaborate closely with sales, underwriting, and finance teams to structure optimal business arrangements. Additionally, you will participate in client discussions for large group deals to offer negotiation support and actuarial insights. Therefore, the company is looking for a professional with 8 to 10 years of experience. If you have a strong background in reinsurance negotiation and experience analysis, this AVP – Group Pricing role offers a premier leadership opportunity.

Key Responsibilities for the AVP – Group Pricing

• Lead and manage a specialized team involved in complex group pricing and actuarial support.
• Collaborate with Sales, Underwriting, and Product teams to design profitable group insurance solutions.
• Participate directly in client discussions for large group deals to provide expert actuarial insights.
• Work closely with the reinsurance team to negotiate and structure optimal risk arrangements.
• Review client-specific quotations and proposals to ensure alignment with underwriting standards.
• Monitor profit margins to ensure the long-term sustainability and profitability of group business.
• Provide regular MIS on pricing activity, profitability trends, and quote-to-sale conversion metrics.
• Present detailed findings and data-driven insights to senior management for strategic decision-making.
• Ensure the accurate and timely delivery of pricing models and actuarial documentation.
• Maintain strong internal relations with group operations, claims, and underwriting functions.

Requirements and Qualifications

• Graduate or Post Graduate degree in Statistics, Commerce, or Science.
• Minimum of 8 to 10 years of professional experience in the actuarial domain.
• Prior experience specifically in Credit Life Quotations, Profitability, or Experience Analysis is preferred.
• Candidates pursuing actuarial exams are preferred, though this is not a mandatory requirement.
• Excellent communication and stakeholder management skills are essential for this leadership role.
• Proven ability to manage strict deadlines and perform effectively under high-pressure environments.

Core Competencies and Skills

• Strong team management abilities with a focus on mentoring and developing junior staff.
• Sharp commercial acumen with a highly customer-centric approach to product pricing.
• Advanced analytical skills to monitor key business metrics and identify profitability trends.
• Ability to establish and nurture strong partnerships with external reinsurers and stakeholders.

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