About the role
Manager - Actuarial Pricing (Group)
About Us
Bandhan Life is your trusted partner in financial security, making every Indian household financially secure. As a part of the renowned Bandhan Group, we are bolstering our collaborative strengths of digital innovation and robust distribution to enhance the value for all our stakeholders. Welcome to a new era of insurance, where growth, innovation, customer, and employee welfare are paramount.
Role Details:
Department: Actuarial Pricing (Group)
Employment Type: Permanent
Key Focus areas:
·Overseeing and Generating Quotation for Group Credit Life, MFI, Group Term Products ensuring profitability, competitiveness, and compliance with internal guidelines.
·Handling scheme related queries from Business, Products, Underwriting and other departments.
·Develop calculators to support scheme set up
·Monitor portfolio mix, claims experience, and profitability trends, and provide actionable insights to management
·Negotiate and evaluate reinsurance quotes and maintain relationships with reinsurers
·Develop, automate, and maintain pricing and portfolio MIS dashboards to support management decision-making.
·Prepare profitability statements to assess product/scheme performance.
·Manage and train team to ensure timely delivery of tasks and projects
Qualifications & Competencies:
·Graduate/post-graduate
·4-6 years of work experience in the Actuarial team (Group pricing preferably) of a life insurance company
·3 to 5 Actuarial papers (preferred but not mandatory)
·Sound understanding of various life insurance products.
·Good knowledge of Regulatory environment (IRDAI/IAI)
·Strong analytical, communication, and stakeholder management skills.