Manager – Group Pricing

A leading life insurance company is seeking a results-driven Manager – Group Pricing to join its Actuarial department. In this specialized role, you will execute the credit life quotation process and conduct in-depth analysis of mortality experience. Furthermore, you will monitor the profitability of the group portfolio to ensure sustainable business growth. Consequently, this position is vital for delivering competitive and financially sound insurance schemes to our diverse channel partners.

The Manager – Group Pricing must collaborate closely with Sales and Underwriting teams to facilitate timely group quotations. Additionally, you will liaison with global reinsurers to manage treaty requirements and optimize group term schemes. Therefore, the company is looking for a professional with 1 to 5 years of experience, ideally in credit life quotations. If you are analytically strong and possess excellent negotiation skills, this Manager – Group Pricing role offers a premier professional opportunity.

Key Responsibilities

• Execute pricing for group insurance schemes, focusing on Group Credit Life and Group Term products.
• Manage the end-to-end quotation process for credit life schemes with high accuracy and efficiency.
• Liaise with internal Sales and Underwriting teams to ensure product saleability and alignment.
• Coordinate with reinsurers to obtain and finalize competitive group quotations for the portfolio.
• Conduct ongoing monitoring of scheme profitability and detailed analysis of mortality experience.
• Prepare and present regular MIS reports to management regarding pricing performance and trends.
• Analyze data to identify trends that impact the financial health of group insurance portfolios.
• Navigate the regulatory landscape to ensure all group pricing practices remain compliant.
• Utilize MS Excel for complex data analysis and financial modeling of insurance products.
• Support broader actuarial initiatives and process improvements within the pricing department.

Requirements and Qualifications

• Graduate or Post Graduate degree in Statistics, Commerce, Science, or a related field.
• 1 to 5 years of professional experience, with a strong preference for prior credit life quotation expertise.
• Strong analytical skills with proficiency in MS Excel for technical data analysis.
• Excellent communication and negotiation skills for internal and external stakeholder management.
• Candidates pursuing actuarial exams are preferred, though this is not a mandatory requirement.
• Strong interpersonal skills with a dedicated customer-centric approach to service delivery.