Back to search

Group Pricing Head

Mumbai Suburban Permanent View Job Description
As a Group Pricing Head in Mumbai, you will lead pricing work for Life Insurance products and help the Insurance business make sound commercial decisions. You will shape pricing plans that support product performance and business goals.
  • Review and approve pricing quotations for large Group Insurance opportunities.
  • Lead, mentor, and develop the pricing team, fostering technical excellence.

About Our Client

The organisation operates in the Life Insurance industry in Mumbai.

Job Description

  • Review and approve pricing quotations for large and complex Group Insurance opportunities, ensuring profitable growth while balancing market competitiveness and risk considerations.
  • Monitor portfolio profitability, renewal experience, and pricing performance, and recommend corrective actions where necessary.
  • Analyze portfolio trends and provide actionable pricing insights and recommendations to senior management.
  • Manage reinsurance support activities, including treaty coordination, negotiations, and pricing of special or non-standard business opportunities.
  • Ensure adherence to IRDAI regulations, actuarial standards, and internal governance requirements.
  • Drive automation initiatives, process enhancements, and operational efficiencies within the Group Pricing function.
  • Lead, mentor, and develop the pricing team, fostering technical excellence and high-quality deliverables.
  • Collaborate with cross-functional stakeholders across actuarial, underwriting, sales, and operations teams.
  • Support Group Product Development, strategic business initiatives, and annual business planning activities.
  • Contribute to the overall growth and profitability strategy of the Group Insurance business.

The Successful Applicant

  • 7-9 years of relevant experience in actuarial pricing, insurance analytics, or Group Insurance pricing.
  • Strong experience in actuarial/pricing analysis, portfolio management, and stakeholder management.
  • Demonstrated ability to work closely with business leaders and provide commercially viable pricing solutions.
  • Minimum 10 actuarial papers cleared from IAI (Institute of Actuaries of India) or IFoA (Institute and Faculty of Actuaries, UK).
  • Strong analytical, problem-solving, and communication skills.
  • Experience in Group Life, Group Credit Life, or Group Health pricing will be preferred.
  • Proficiency in actuarial modeling, pricing tools, and data analytics platforms is desirable.
  • Commercial and business acumen.
  • Leadership and people management skills.
  • Strong presentation and stakeholder influencing abilities.
  • Attention to detail with a focus on governance and compliance.
  • Ability to drive innovation, automation, and continuous process improvement.

What's on Offer

  • Permanent Group Pricing Head role.
  • Location in Mumbai, HO.



If this role fits your experience, you can apply for the role.

Quote job ref
JN-102026-7124484

Job summary

Function
Insurance
Sub Sector
Actuarial
What is your area of specialisation?
Insurance
Location
Mumbai Suburban
Job Type
Permanent
Job Reference
JN-102026-7124484

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.