Role Description

Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tata's esteemed leadership with AIA's extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives.

We foster a culture of innovation, inclusivity, and continuous learning, offering dynamic career growth opportunities and a supportive work workplace. Recognized as a 'Great Place to Work' and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being. Our core value, 'People - Our Core,' emphasizes our dedication to inspiring our employees to be and deliver their very best.

Our aim is to attract, hire and develop highly capable leaders who are just, fair, ethical, and accountable for their actions. We strive to provide our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively. Our promise to you is to provide for a diverse, equitable, and inclusive work environment, where each employee is valued as an individual and treated with respect, care, and compassion.

Fuel your future with us, find your wings, and S.O.A.R. –

- Shape opportunities, Optimize your potential, Accomplish meaningful work, and Reap holistic growth.

- Position Overview

Position Title Assistant Manager –

- Actuarial





Department

Group Pricing and Quotation

Level/ Band

Assistant Manager / 301

Role Summary

Support the Group Pricing team in designing, pricing, and monitoring profitability of group insurance products (Group Term Life, Group Credit Life, Affinity etc.), ensuring competitive and sustainable pricing aligned with business and regulatory requirements

- Organizational Relationships

Reports To Senior Manager –

- Actuarial

Supervises

Individual Contributor

- Job Dimensions

Geographic Area Covered

Pan India

Stakeholders Internal

Appointed Actuary (AA), Sales, Operations, Marketing, Legal &

- Compliance

Stakeholders External

IRDAI, Reinsurers

- Key Result Areas
- Prepare and validate pricing quotes for new group business proposals and renewals within defined TAT
- Support development and periodic review of pricing models for group products
- Analyze mortality/morbidity experience, claims trends, and persistency data to support pricing assumptions
- Assist in preparing case-specific terms for large/complex group schemes in coordination with underwriting and sales teams
- Profitability analysis (loss ratios, expense ratios) for existing group portfolios




- Ensure pricing processes comply with IRDAI regulations and internal risk/underwriting guidelines
- Coordinate with Sales, Underwriting, Reinsurance, and other teams for smooth quote-to-policy issuance process
- Maintain and update pricing tools, templates, and MIS/dashboards
- Working on reinsurance treaty/addendum
- Ensure documentation and audit trail for pricing decisions
- Skills Required

Technical Strong Excel (advanced formulas, macros), SQL/VBA preferred; exposure to pricing/actuarial software (Prophet or similar) is an added advantage

Behavioral

Essential

Desired

Interpersonal Skills

Communication skills

Creative Thinking Skills

Influencing skills

Relationship Building Skills

Teamwork Skills

Decision Making Skills

Supervising/Leadership skills

- Incumbent Characteristics

Essential

Desired

Qualification

Graduate / Post Graduate / Actuarial Student

Pursuing IAI/IFoA actuarial exams preferred

Experience

6 - 8 years (Group Pricing / Actuarial)

Disclaimer

Tata AIA Life Insurance does not charge any fees from candidates during the hiring process. If the application aligns with our requirements, you may be contacted for further steps. Verify job offers through official Tata AIA communication channels to avoid fraud. The is the sole property of Tata AIA Life Insurance. The content of this JD is confidential, and unauthorized changes or reproduction are forbidden. To know more about Tata AIA Life, click on the weblink:

📌 Assistant Manager - Actuarial (Mumbai)
🏢 TATA AIA LIFE INSURANCE
📍 Mumbai