AVP – Group Pricing and Reinsurance

We are currently seeking a highly experienced professional for the AVP – Group Pricing and Reinsurance position at Mumbai. In this strategic role, you will manage the delivery of competitive quotes while ensuring alignment with company targets. Furthermore, you will take responsibility for hiring, training, and managing the Group Pricing team. Consequently, this position is vital for maintaining technical excellence and regulatory compliance across our pricing models.

The AVP – Group Pricing and Reinsurance will also oversee complex treaty negotiations and documentation. Additionally, you will communicate pricing outputs and technical bases to senior management. Therefore, we are looking for a leader who can collaborate effectively with cross-functional teams such as Underwriting, Claims, and Finance.

Key Responsibilities

• Manage the delivery of competitive quotes as per agreed timelines and internal company targets.
• Hire, train, and manage a high-performing Group Pricing team to drive technical results.
• Ensure full due diligence and compliance with all relevant regulations and File & Use guidelines.
• Create and update pricing templates, calculators, and SOPs whenever required by the business.
• Negotiate with reinsurers to secure favorable terms for various facultative schemes.
• Administer and calculate monthly reinsurance premiums and recoveries through RENOVA systems.
• Review data quality in core systems regularly and implement effective new control measures.
• Compile regulatory and financial reports at quarterly and annual intervals for industry standards.
• Oversee the process of treaty terms negotiation and documentation for all relevant products.

Requirements and Qualifications

Experience and Education

• Applicants should be a partly qualified actuary with a strong technical background.
• Candidates must have 12-15 years of relevant experience, specifically in the Group pricing domain.
• Strong managerial skills are required to lead a team of 7-8 professionals effectively.

Technical Skills and Attributes

• Ability to work independently and exercise sound judgement based on multi-source data analysis.
• Excellent verbal and written communication skills for reporting to senior stakeholders.
• Strong ability to collaborate with cross-functional teams like Valuation, IFRS, and Products.
• Essential knowledge of Excel and Word; however, knowledge of SQL is highly preferred.
• A very good understanding of the movement of numbers and financial data is required.

What We Look For

• A meticulous leader who ensures 100% accuracy in all pricing documentation and SOPs.
• A proactive professional dedicated to securing the best possible reinsurance terms.
• An analytical thinker capable of implementing robust data quality controls across systems.

If you are a seasoned actuarial professional ready to lead Group Pricing and Reinsurance operations, we encourage you to apply for this AVP position today!