PHI - Chief Investment Officer

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

PHI – Chief Investment Officer

Prudential (UK) in partnership with the HCL group plans to set-up a standalone Indian health insurance company to address the growing healthcare needs of the Indian consumer.

This joint venture will combine Prudential's global expertise in insurance and financial services with HCL Group’s experience in technology and healthcare solutions.

Prudential, with its longstanding presence in India, already operates two leading businesses in life insurance and asset management with the ICICI Group. Prudential was also the proud sponsor of the 1983 Cricket World Cup, India’s first World Cup Victory!

Prudential Health India is a Zero to One team undertaking a no-legacy, greenfield health insurance deployment in India, building journeys that truly empathize with the customer and offer a differentiated experience.

To partner with us in this mission, we are looking for a dynamic and Risk Manager to ensure the efficient and seamless operation of the Risk Department and plays a crucial role in identifying, assessing and mitigating risks in the organization.

Reporting To: CFO

Location: Mumbai

The Chief Investment Officer role in a start-up health insurance company will be responsible for developing and executing the company’s investment strategy, managing the investment portfolio in compliance with IRDAI regulations, and ensuring optimal returns on surplus funds. This role requires a visionary leader with deep expertise in investment management, risk assessment, and regulatory compliance within the insurance or financial services sector.

Key Responsibilities

• Develop and implement the company’s investment strategy aligned with business objectives and regulatory requirements
• Manage the investment portfolio across asset classes including debt, equity, and alternative instruments
• Ensure compliance with IRDAI investment norms and internal investment policies
• Monitor market trends, macroeconomic indicators, and risk factors to guide investment decisions
• Evaluate and recommend investment opportunities to the Board and Investment Committee
• Oversee treasury operations including cash flow forecasting, liquidity management, and banking relationships
• Prepare and present investment performance reports to senior management and regulators
• Lead the development of investment risk frameworks and ensure adherence to risk appetite
• Collaborate with finance, actuarial, and product teams to align investment planning with business needs
• Manage relationships with external fund managers, advisors, and financial institutions
• Drive automation and analytics in investment reporting and decision-making processes
• Build and lead a high-performing investment and treasury team.

Qualification & Experience

• CFA, CA, or MBA (Finance) from a reputed institution
• Deep understanding of investment regulations, portfolio management, and financial markets
• Strong knowledge of IRDAI investment guidelines and insurance sector dynamics
• 12+ years of experience in investment management, treasury, or asset management roles
• Prior experience in insurance, reinsurance, or regulated financial institutions is highly preferred
• Proven track record of managing large portfolios and delivering consistent returns

Skills

• Strategic thinker with strong analytical and decision-making skills
• Excellent leadership, communication, and stakeholder management abilities
• High integrity, risk awareness, and regulatory orientation
• Ability to thrive in a fast-paced, entrepreneurial environment

What we offer

• Competitive compensation and long-term incentive plans (including ESOPs)
• Opportunity to shape the investment strategy of a high-growth healthtech startup
• Collaborative, purpose-driven work culture
• Exposure to cutting-edge innovation in insurance and financial services