Manager – Product Pricing

A leading life insurance company is seeking a highly analytical Manager – Product Pricing to join its actuarial team in Mumbai. In this pivotal role, you will be responsible for managing and mentoring resources in product pricing and regulatory filing. Furthermore, you will develop accurate pricing solutions by establishing robust models and ensuring that all cash-flow projections are reliable. Consequently, this position is vital for designing competitive and customer-centric insurance products that drive business growth.

The Manager – Product Pricing must maintain strong cross-functional relationships with IT, marketing, and finance teams to ensure seamless product launches. Additionally, you will prepare and review technical filing documents for submission to the IRDAI. Therefore, the company is looking for a professional with 5 to 6 years of experience and at least 8 actuarial papers cleared. If you have a strong command of Excel and a deep understanding of actuarial cash flows, this Manager – Product Pricing role offers a premier leadership opportunity.

Key Responsibilities for the Manager – Product Pricing

• Lead the product pricing department by managing and mentoring junior actuarial resources.
• Establish accurate pricing models and ensure all cash-flow projections are reasonable and reliable.
• Provide strategic feedback on product features to create smart, competitive, and customer-centric designs.
• Prepare and review comprehensive filing and reporting documents for regulatory compliance.
• Liaise with IT departments for system implementations, developments, and rigorous UAT of product features.
• Interact with other actuarial functions, including risk and experience analysis, to determine pricing assumptions.
• Coordinate with reinsurers for product support and the preparation of treaty documentation.
• Maintain highly auditable model workings with adequate documentation and secure data backups.
• Ensure all assigned work items and tasks are delivered accurately within strict timelines.
• Collaborate with product management and financial risk teams to ensure successful product closure.

Requirements and Qualifications

• Minimum of 5 to 6 years of professional experience (excluding internship) in actuarial pricing.
• Mandatory completion of at least 8 actuarial papers from a recognized professional body.
• Excellent understanding of actuarial cash flows and strong technical problem-solving skills.
• Proficiency in Microsoft Excel, including the ability to build and manage complex pricing models.
• Strong interpersonal and stakeholder management skills for effective cross-functional collaboration.
• Exceptional communication skills to present technical findings to senior leadership.

Core Competencies

• Demonstrated leadership quality with a focus on mentoring and developing team members.
• A customer-centric approach toward both internal stakeholders and external policyholders.
• Thorough understanding of the current insurance market landscape and regulatory requirements.
• Ability to innovate and adapt quickly in a fast-paced product development environment.

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