Designation: Assistant Manager - Product Pricing and Reinsurance

Location: Corporate Office - Goregaon - Mumbai

Work Experience: 1 - 4 years of experience in the Life Insurance Industry, preferably in Group Business, Product Pricing, Actuarial functions, UAT, or System Testing.

Qualification: Graduate / Master's Degree in Actuarial Science, Mathematics, Statistics, Economics, Engineering, Finance or related disciplines.

4-5 actuarial papers cleared

What are your roles and responsibilities

Group Pricing Quotation Support

- Prepare and deliver competitive Group Insurance quotations based on client requirements and business objectives.
- Analyze scheme specifications, benefit structures, and risk profiles to derive appropriate pricing recommendations.
- Ensure timely turnaround of quotations while maintaining pricing accuracy and profitability.

Reinsurance Management
- Coordinate with reinsurers for obtaining competitive reinsurance terms, rates, and conditions.
- Support negotiations and maintain effective relationships with reinsurance partners.
- Assist in evaluating reinsurance arrangements from both pricing and risk management perspectives.

User Acceptance Testing (UAT)
- Execute UAT for new product launches, enhancements, and system changes across LifeAsia, GroupAsia, Renova, and other related platforms.
- Validate premium calculations, claim calculations, underwriting rules, and policy administration functionalities.
- Document test scenarios, test cases, results, defects, and closure reports.
- Work closely with Business, IT, Operations, and Vendors to ensure successful implementation of changes.

Product Monitoring Analysis
- Monitor the performance and profitability of group products through periodic analysis.
- Identify pricing trends, emerging risks, and areas for process improvement.




- Prepare analytical reports and recommendations for management review.

Documentation Governance
- Maintain accurate documentation of pricing models, UAT results, process notes, and project deliverables.
- Ensure compliance with internal policies, regulatory requirements, and actuarial standards.

What are the role's deliverables/goals
- Accurate and timely preparation of Group Insurance quotations.
- Successful execution and sign-off of UAT activities for products and system enhancements.
- Improved reinsurance arrangements through competitive negotiations and analysis.
- Effective monitoring and reporting of product performance.
- High-quality documentation with minimal operational errors.
- Timely support for business growth initiatives and product launches.
- Continuous process improvement and enhanced operational efficiency.

Required Skills
- Robust Planning and Organizational Skills.
- Analytical and Problem-Solving Ability.
- Effective Communication and Presentation Skills.
- Stakeholder Management.
- Collaboration and Teamwork.
- Attention to Detail and Accuracy.
- Time Management and Multi-tasking Ability.
- Proficiency in MS Office Applications, particularly Excel.
- Documentation and Reporting Skills

Competencies Behavioural Competencies

- Commitment to clearing the actuarial exams
- Assertive, self-motivated with the ability to work autonomously, as a part of team
- Excellent communication and inter-personal skills
- A flexible and enthusiastic approach to work with a strong appetite to learn and develop.
- Team Player

Functional Competencies

- Technical understanding of various tools and techniques used e.g. Excel, Visual Basic etc.

Disclaimer: This job posting & Location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Assistant Manager - Group Pricing & UAT (Mumbai)
🏢 IndiaFirst Life
📍 Mumbai