JOB DESCRIPTION

POSITION

Individual Pricing - Mid-Level Actuarial Pricing Manager

DESIGNATION

Chief Manager / AVP

OBJECTIVE OF THE ROLE

Kotak Life Insurance Company is seeking a dynamic and experienced Mid-Level Actuarial Pricing Manager to join our growing team. The successful candidate will lead a team of few actuaries, overseeing all aspects of product design, feasibility analysis, regulatory compliance, and product filing and approvals. The role will also involve cross-functional collaboration, providing technical support to other departments for system setups and product launches.

KEY RESPONSIBILITIES

· Lead and mentor a team of few actuarial professionals, fostering a collaborative and high-performing work environment.

· Manage and drive the end-to-end process of new product design, including ideation, actuarial modelling, risk assessment, and pricing strategies.

· Conduct thorough feasibility studies for new and existing products, ensuring alignment with company objectives and market trends.

· Ensure all products meet regulatory requirements by preparing and submitting necessary documentation for product filings and securing approvals from relevant authorities.

· Act as a key liaison with regulatory bodies, addressing queries and ensuring timely product approvals.

· Support other teams, such as IT, Operations, and Distribution, with system setups, product launches, and implementation activities,



ensuring smooth and efficient roll-outs.

· Stay abreast of changes in actuarial standards, regulations, and industry best practices, ensuring compliance and continuous improvement in pricing methodologies.

· Prepare and present reports, analyses, and recommendations to senior management and other stakeholders.

REQUIRED QUALIFICATION AND SKILLS

· Educational Qualifications: Preferred Fellow Actuary or candidates close to achieving Fellowship from IFOA or IAI.

· Work Experience: 7 years + relevant actuarial work experience, with at least 5 years in the Life Insurance industry.

Other skill set:

· Solid technical knowledge of actuarial pricing, product development, and regulatory requirements within the life insurance sector.

· Demonstrated leadership and team management experience, preferably having led small teams in a similar capacity.

· Excellent analytical, problem-solving, and communication skills.

· Ability to manage multiple projects and stakeholders in a fast-paced environment.

· Proficiency in actuarial software (e.g., Prophet) and advanced Excel skills.

· Strong understanding of the Indian life insurance market and regulatory landscape.

· Experience in product filing and handling regulatory queries.

· Adaptability and willingness to engage in cross-functional projects.

· Results-driven, with a keen eye for detail and accuracy.

📌 Lead Individual Pricing (Actuary) - Mumbai (Goregaon East))
🏢 Kotak Life Insurance
📍 Mumbai