About the role
JOB DESCRIPTION
POSITION
Manager – Group Pricing
DESIGNATION
Manager
DEPARTMENT
Actuarial
SUB DEPARTMENT
Actuarial - Group Pricing
OBJECTIVE OF THE ROLE
The ideal candidate will possess strong expertise in pricing group life insurance products (e.g., term, credit life), along with excellent analytical and stakeholder management skills. The role involves:
- Pricing and profitability analysis
- Reinsurance negotiations
- Development and enhancement of pricing models
- Collaboration with sales, underwriting, and finance teams
KEY RESPONSIBILITIES
Weightage
· Pricing & Sales Support
- Prepare competitive and profitable quotations for group credit life insurance schemes
- Provide timely resolution of queries related to product, pricing, and process to support business acquisition and retention
· Stakeholder Management
- Liaise with Group Sales, internal departments, and reinsurers for finalization of quotations
· Compliance & Process Adherence
- Ensure compliance with internal guidelines and maintain profitability standards
· Reporting & MIS
- Monitoring experience analysis and reporting to respective internal committees
70%
10%
10%
10%
TOTAL
100%
INTERACTIONS
Internal Relations:
Sales, Underwriting, Operations, Claims
External Relations:
Reinsurers
REQUIRED QUALIFICATION AND SKILLS
Educational Qualifications: Graduate in any stream
Work Experience: Minimum 2 years in group term/credit life pricing
Certifications:
Pursuing actuarial exams preferred (not mandatory)
Other skill set:
· Technical Skills:
- Proficiency in MS Excel and PowerPoint
- Strong logical reasoning and data analysis skills
· Soft Skills:
- Excellent interpersonal and communication skills
- Ability to manage deadlines and work under pressure