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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
- Robust logical reasoning and data analysis skills

· Soft Skills:

- Excellent interpersonal and communication skills
- Ability to manage deadlines and work under pressure

📌 Manager - Group Pricing (Actuary) - Mumbai (Goregaon E)
🏢 Kotak Life Insurance
📍 Mumbai