AVP – Individual Pricing

A leading life insurance company is seeking a dynamic AVP – Individual Pricing to join its growing actuarial team. In this pivotal role, you will lead a team of actuarial professionals and oversee all aspects of product design and feasibility analysis. Furthermore, you will be responsible for ensuring regulatory compliance through meticulous product filing and approvals. Consequently, this position is vital for driving technical excellence and successful product launches across the organization.

The AVP – Individual Pricing must manage the end-to-end process of new product design, including actuarial modelling and pricing strategies. Additionally, you will act as a key liaison with regulatory bodies to address queries and secure timely approvals. Therefore, the company is looking for a professional with at least 7 years of relevant actuarial experience. If you have strong proficiency in Prophet and advanced Excel, this AVP – Individual Pricing role offers a premier leadership opportunity.

Key Responsibilities for the AVP – Individual Pricing

• Lead and mentor a team of actuarial professionals while fostering a high-performing work environment.
• Drive the end-to-end process of product design, from initial ideation to complex actuarial modelling.
• Conduct thorough feasibility studies to ensure new products align with company objectives and market trends.
• Prepare and submit necessary documentation for product filings to ensure strict regulatory compliance.
• Act as the primary contact for regulatory authorities to address queries and facilitate approvals.
• Support IT and Operations teams with system setups and implementation activities for smooth roll-outs.
• Monitor changes in actuarial standards and industry best practices to improve pricing methodologies.
• Prepare and present reports, technical analyses, and strategic recommendations to senior management.
• Collaborate cross-functionally to provide technical support for distribution and product launches.
• Manage multiple high-priority projects and stakeholders in a fast-paced corporate environment.

Requirements and Qualifications

• Minimum of 7 years of relevant actuarial work experience, with at least 5 years in Life Insurance.
• Preferred Fellow Actuary or candidates close to achieving Fellowship from IFOA or IAI.
• Strong technical knowledge of actuarial pricing, product development, and regulatory requirements.
• Demonstrated leadership experience, preferably having led small teams in a similar capacity.
• Proficiency in actuarial software such as Prophet and advanced Microsoft Excel skills.
• In-depth understanding of the Indian life insurance market and current regulatory landscape.
• Proven experience in handling product filing processes and addressing regulatory queries.

Core Competencies and Skills

• Excellent analytical and problem-solving skills with a results-driven mindset.
• Superior communication skills for effective stakeholder management and reporting.
• Keen eye for detail and accuracy in all actuarial and documentation tasks.
• Adaptability and willingness to engage in diverse cross-functional projects.

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