DVP – Individual Pricing

A leading life insurance company, ranked among India’s top 12 private insurers, is seeking a strategic DVP – Individual Pricing to join its actuarial leadership team. In this senior role, you will lead the development of actuarial pricing models and conduct deep market analysis. Furthermore, you will ensure that all product offerings are profitable, customer-centric, and fully compliant with regulatory standards. Consequently, this position is vital for driving the organization’s financial growth and competitive market positioning.

The DVP – Individual Pricing must possess deep actuarial expertise to design pricing strategies that align with evolving market dynamics. Additionally, you will engage with global reinsurers to optimize treaty negotiations and enhance capital efficiency. Therefore, the company is looking for a seasoned professional with at least 10 years of experience and 10 actuarial papers cleared. If you have a strong command of Prophet, R, and VBA, this DVP – Individual Pricing role offers a premier career journey.

Key Responsibilities for the DVP – Individual Pricing

• Develop and implement sophisticated pricing strategies for individual life insurance products.
• Build and maintain robust actuarial models using advanced tools such as Prophet, R, Excel, and VBA.
• Conduct feasibility studies and complex cash-flow projections to support new product ideation.
• Lead the product filing process with IRDAI and respond accurately to all regulatory queries.
• Analyze experience data and assumptions to refine pricing methodologies and enhance accuracy.
• Monitor product profitability (VNB and margins) and recommend timely adjustments or repricing.
• Collaborate with global reinsurers to design optimal treaty structures and support pricing efforts.
• Provide strategic market intelligence reports through rigorous competitive benchmarking.
• Present critical pricing insights and financial recommendations to senior leadership and stakeholders.
• Mentor and guide junior actuaries to build internal technical capabilities and a culture of innovation.

Requirements and Qualifications

• Graduate or Postgraduate degree in Actuarial Science, Statistics, Mathematics, or a related field.
• Mandatory completion of at least 10 Actuarial papers from a recognized professional body.
• Minimum of 10 years of professional experience, specifically in actuarial pricing within Indian life insurance.
• Strong technical command of actuarial software such as Prophet and statistical programming in R.
• Deep understanding of individual life insurance products and their underlying risk frameworks.
• In-depth knowledge of IRDAI regulatory guidelines and the end-to-end product filing process.

Core Competencies and Leadership Skills

• Strategic thinking ability to align pricing frameworks with long-term business goals.
• High level of financial acumen regarding metrics like VNB growth, EV, and solvency margins.
• Excellent interpersonal skills for effective cross-functional collaboration with Finance and Marketing.
• Proven leadership skills with experience in managing and developing high-performing actuarial teams.
• Strong presentation skills to communicate complex technical data clearly to non-technical stakeholders.

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