Actuarial Analyst – L&H India

About the Role

Associate-level position within the L&H India pricing team, responsible for product development and pricing of new Life & Health business. Reports to Senior Pricing Actuary. The role supports development of new products and pricing of business in accordance with technical guidelines, with a focus on regional growth and innovative product solutions.

Key Responsibilities

• New Business Quotes and Tenders: Lead and support pricing and modelling of new business; review quotes prepared by other team members and sign-off on approvals. Partner with client-facing teams to understand cedants' objectives, structures, and risk profiles, translating them into appropriate pricing solutions. Collaborate with cross-functional experts from client markets, underwriting, and claims to assess risks associated with opportunities.
• Costing Methodology and Guidelines: Ensure consistent and robust application of pricing methodologies and governance standards across transactions. Proactively challenge existing pricing approaches and drive simplification, automation, and improvement of tools and processes. Monitor market, regulatory, and competitive developments to assess impact on pricing assumptions and reinsurance structures. Collaborate with Experience Studies teams to analyze claims, lapse, and portfolio experience, incorporating insights into pricing and assumption setting. Maintain and enhance pricing guidelines, documentation, and governance frameworks based on research and emerging experience.
• Strategy, Product Development and Brand Presence: Contribute technical, research, and project management input for product development initiatives. Assist in assessing the impact of regulatory, market, and industry developments on pricing and product structures, particularly within India and the region.
• Collaboration: Work closely with senior actuaries and cross-functional teams, contributing to regional and global projects. Contribute to regional and cross-border projects, collaborating with global teams and sharing best practices.

Requirements

• Minimum 7 exam credits under a recognized actuarial body (SOA, CAS, IFOA, IAI, FOA, FIA) with a bachelor's degree in actuarial science, mathematics, statistics, economics, or equivalent.
• 4–5 years of relevant experience in Life & Health insurance or reinsurance (including consulting), with strong hands-on pricing experience. Exposure to reinsurance pricing and the Indian market highly desirable.
• Experience in life insurance pricing preferred.
• Solid technical and commercial expertise in Life & Health product pricing and reinsurance structures.
• Strong analytical skills with proficiency in R, SAS, Python, or similar actuarial and statistical tools.
• Proven ability to engage effectively with internal and external stakeholders, including senior management and clients.
• Experience in developing, enhancing, or maintaining pricing tools and models is an advantage.
• Excellent written and verbal communication skills in English.