Manager / Senior Manager – Credit Life

A leading life insurance company is seeking a highly analytical Manager / Senior Manager – Credit Life Strategy to join its team in Mumbai. In this commercially focused role, you will be responsible for pricing group credit life insurance products and driving portfolio profitability. Furthermore, you will support strategic initiatives across various distribution channels to ensure sustainable growth. Consequently, this position is essential for delivering data-driven pricing strategies that align perfectly with the company’s risk objectives.

The Manager / Senior Manager will lead end-to-end pricing for both new business and renewals while maintaining robust pricing models. Additionally, you will conduct detailed experience studies to monitor claims, persistency, and overall portfolio performance. Therefore, the company is looking for a professional with at least 2 years of experience and a strong command of actuarial modeling tools. If you have the ability to translate technical results into actionable business insights, this role offers a significant opportunity to shape strategy in a high-impact business line.

Key Responsibilities

• Lead end-to-end pricing for group credit life products, covering both new business and renewals.
• Develop and maintain sophisticated pricing models, assumptions, and actuarial methodologies.
• Conduct comprehensive experience studies to monitor portfolio performance, including claims and persistency.
• Ensure pricing adequacy remains robust while maintaining a high level of market competitiveness.
• Perform sensitivity analysis and scenario testing to support informed senior management decision-making.
• Provide profitability insights and strategic recommendations to senior leadership teams.
• Analyze distribution channel performance and recommend specific actions for optimization.
• Identify opportunities for product enhancement, strategic repricing, or product redesign.
• Partner with underwriting, finance, and risk teams to ensure cross-functional alignment.
• Prepare detailed pricing papers and manage the process for obtaining necessary internal approvals.

Requirements and Qualifications

Education and Experience

• Graduate degree in a relevant field; professional progress in actuarial exams is highly valued.
• Minimum of 2 years of professional experience in an actuarial or strategic pricing role.
• Proven track record in group credit life pricing or portfolio management.
• Experience in supporting negotiations with banking partners and diverse distribution channels.

Technical Skills and Competencies

• Proficiency in actuarial modeling tools such as Prophet, Excel, and VBA.
• Strong technical skills in data analysis using R, Python, or SQL.
• Commercial mindset with the ability to think strategically about business growth.
• Strong analytical and problem-solving skills with high attention to detail.
• Excellent stakeholder management and communication skills for cross-functional collaboration.
• Disciplined approach to governance and internal compliance standards.

What the Company Offers

• The opportunity to shape the pricing strategy for a high-impact and growing business line.
• Extensive cross-functional exposure to strategy, distribution, risk, and finance.
• Competitive compensation packages with performance-based incentives.
• Ongoing support for candidates pursuing their professional actuarial qualifications.

If you are an actuarial professional with a strategic edge and a passion for credit life products, we encourage you to apply today!