Role & responsibilities

1. Pricing Strategy & Execution:
Develop and implement pricing models for Group Credit Life products across various segments (employer-employee, affinity, lender-borrower).
Collaborate with distribution, underwriting, and product teams to tailor pricing to customer segment needs while ensuring profitability.
Perform risk-based pricing by evaluating mortality assumptions, group demographics, and industry trends.

2. Profitability Management:
Monitor portfolio-level profitability on a periodic basis (monthly/quarterly).
Identify and manage blocks that are underperforming and take corrective pricing or underwriting actions.
Develop and track profitability KPIs like loss ratio, expense ratio, renewal persistency, and pricing adequacy.

3. Data Analytics & Modelling:
Maintain and enhance actuarial pricing models using tools like Prophet, R, Python, or Excel VBA.
Conduct sensitivity analysis and scenario testing to support business decisions.
Benchmark pricing against competitors and market trends.

4. Stakeholder Collaboration :
Engage with corporate sales,



group underwriting, reinsurance, legal, and finance teams to ensure alignment.
Support large deal negotiations by providing pricing insights and risk evaluation.
Work with reinsurers for structuring large deals or complex risks.

5. Regulatory & Compliance :
Ensure adherence to IRDAI pricing regulations and internal actuarial governance policies.
Maintain proper documentation of pricing files and assumptions for audit and regulatory review.

6. Innovation & Product Enhancement :
Propose creative pricing constructs (e.g., experience-based rating, graded premiums).
Analyze customer claims experience and feedback for product improvements.

Key Skills & Competencies :
- Strong knowledge of group insurance products (life, credit life, employee benefits, health)
- Expertise in actuarial pricing techniques, financial modeling, and risk assessment
- Proficiency in tools like Excel, R, Python, SQL, o

📌 Manager - Pricing & Profitability (Mumbai)
🏢 ICICI Prudential Life
📍 Mumbai