Job Title:
Actuarial Life Insurance (Individual Pricing)
Company: EliteRecruitments
Location: Mumbai, Maharashtra
Created: 2026-01-26
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 Responsibilities- Drive end-to-end pricing for new and existing individual life insurance products, including actuarial modelling and assumptions setting - Perform product feasibility analysis, profitability testing, and sensitivity analysis - Support product design and innovation, aligned with business strategy and market needs - Prepare and manage regulatory product filings, documentation, and approval processes - Act as a key point of contact for regulatory queries and compliance-related discussions - Mentor and guide junior actuarial team members (for mid/senior roles) - Ensure adherence to internal actuarial standards, governance, and regulatory requirementsRequired Qualifications & Experience- Actuarial Qualification: Minimum 8 exams should be cleared.Experience:- 6–10+ years of actuarial experience - Minimum 4–5 years in Life Insurance – Individual Pricing - Strong understanding of Indian life insurance products and regulations-Technical & Functional Skills- Strong expertise in actuarial pricing, product development, and regulatory frameworks - Hands-on experience with actuarial modelling tools (e.g., Prophet) - Advanced Excel and data analysis skills - Experience in product filing and regulatory interaction - Ability to manage multiple stakeholders and projects in a fast-paced environment