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Pricing Expert - Individual Life Insurance

Pricing Expert - Individual Life Insurance

beBeeActuarialThane, Maharashtra, India
1 day ago
Job description

We are seeking a skilled Actuarial Pricing Specialist to join our team. This is a remote role focused on product pricing, regulatory filings, and benchmarking in collaboration with internal teams and reinsurers.

Ideal for professionals with hands-on experience in individual life product pricing, model development, and IRDAI filing.

Key Responsibilities :

  • Conduct feasibility studies for new product pricing.
  • Build and maintain Excel-based pricing models.
  • Prepare and manage IRDAI product filings and respond to related queries.
  • Collaborate with cross-functional teams including Product Development, Underwriting, Marketing, Legal, and Reinsurers.
  • Maintain pricing models and documentation in an organized format.
  • Conduct market benchmarking for product features and pricing.
  • Stay updated on regulatory changes relevant to product design and pricing.
  • Develop product calculators before integration with internal systems.
  • Support internal stakeholders with product-related queries.

Required Skills & Qualifications :

  • Graduate or Postgraduate in Actuarial Science, Mathematics, Statistics, or related field.
  • 2 to 4 years of actuarial work experience, preferably in individual life insurance pricing.
  • Cleared 3 to 5 actuarial papers.
  • CT1, CT5 or CM1 is mandatory.
  • Strong understanding of life insurance products.
  • Proficient in MS Office (Excel) and VBA – mandatory.
  • Strong analytical, problem-solving, and communication skills.
  • Detail-oriented and self-motivated, able to work independently in a remote setup.
  • What We Offer :

  • Fully remote work opportunity.
  • Exposure to core pricing, product development, and regulatory functions.
  • Opportunity to work closely with leadership and cross-functional teams.
  • Supportive work culture with room for professional growth.
  • Competitive compensation and benefits.
  • Create a job alert for this search

    Individual Insurance • Thane, Maharashtra, India

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