Job Title:
Actuarial Life Insurance (Individual Pricing)
Company: EliteRecruitments
Location: Mumbai, Maharashtra
Created: 2026-01-17
Job Type: Full Time
Job Description:
We are looking for a Life ActuaryWe are hiring for a high-impact actuarial role with a leading insurance organization. The ideal candidate will have 3+ years of experience and will join the team to support Individual Pricing and product-related actuarial activities.About the Client:Our client is a well-established insurer with a strong presence across India and global markets, known for its focus on technical excellence and long-term career development.Role OverviewWe are looking for an experienced Actuarial Individual Pricing professional to support and lead the end-to-end pricing and product development for individual life insurance products. The role involves actuarial modelling, product feasibility, regulatory filings, and close collaboration with cross-functional teams to ensure successful product launches and system implementation.Key ResponsibilitiesDrive end-to-end pricing for new and existing individual life insurance products, including actuarial modelling and assumptions settingPerform product feasibility analysis, profitability testing, and sensitivity analysisSupport product design and innovation, aligned with business strategy and market needsPrepare and manage regulatory product filings, documentation, and approval processesAct as a key point of contact for regulatory queries and compliance-related discussionsMentor and guide junior actuarial team members (for mid/senior roles)Ensure adherence to internal actuarial standards, governance, and regulatory requirementsRequired Qualifications & ExperienceActuarial Qualification: Minimum 8 exams should be cleared. Experience:6–10+ years of actuarial experienceMinimum 4–5 years in Life Insurance – Individual PricingStrong understanding of Indian life insurance products and regulationsTechnical & Functional SkillsStrong expertise in actuarial pricing, product development, and regulatory frameworksHands-on experience with actuarial modelling tools (e.g., Prophet)Advanced Excel and data analysis skillsExperience in product filing and regulatory interactionAbility to manage multiple stakeholders and projects in a fast-paced environment