Role: Actuary Group Pricing (Individual Contributor)
Job Title: Manager / Senior Manager Group Pricing
Work Location: Kolkata
Education: Graduate
Experience: 5 years +
We are seeking a seasoned, results-oriented Actuary to join our actuary team in Group pricing vertical. This role is designed for a technical expert who thrives in an individual contributor capacity, focusing on the strategic pricing of Credit Life and Employee Benefits (EB) products
.
As a key member of the pricing unit, you will be responsible for ensuring our group products are competitively priced, financially sound, and aligned with our long-term value-generation goal
s.
Key Responsibilit
- iesPricing Strategy & Execution: Lead the end-to-end pricing process for Credit Life (mortgage, personal loan protection, etc.) and Employee Benefits (Group Term Life, Gratuity, etc
- .).VNB Management: Accurately calculate and optimize Value of New Business (VNB) for all group quotes, ensuring all underlying assumptions (mortality, morbidity, expenses, and lapse) are robu
- st.Risk Assessment: Perform experience studies and sensitivity analyses to evaluate the impact of changing market conditions on product profitabili
- ty.Regulatory Compliance: Ensure all pricing filings and group quotes comply with local regulatory frameworks and internal peer-review standar
- ds.Data Analytics: Utilize advanced actuarial modeling to refine group underwriting rules and pricing factors based on historical da
ta.
Experience & Educat
- ion:Experience: Minimum of 5+ years of core pricing experience within a Life Insurance comp
- any.Domain Expertise: Proven track record specifically in Credit Life and Employee Benefits departme
nts.Behavioral Tra
- its:Individual Ownership: As an individual contributor, you must be self-driven and capable of managing high-volume quote requests with precis
- ion.Stakeholder Management: Ability to balance the competitive needs of the Sales team with the risk-aversion of the Actuarial departm
ent.
