Head Pricing India

Head of L&H Pricing, India – L&H ASIA

Position                                Head Pricing India

Level                                     D

Location                               Mumbai

Reporting to                        Head L&H Products South Asia

Objective of Role

In this role of Head of L&H Pricing India, you will be leading a team of 2 members based in Mumbai, 3 members based in Bangalore and taking responsibility for product development and pricing of new Life & Health business in India, to help the region achieve its ambitious growth plans.  We aim to do this through better client experience; cutting-edge, better-informed pricing; and supporting development of innovative products for clients in India.

Major Responsibilities

1. Leadership

• Drive and manage the team's short- and medium-term priorities  
• Support development of actuarial staff
• Accountable for the business written in India is in accordance to the company standards and delivery of market plan
• Lead and contribute to regional projects

2. New Business Quotes and Tenders

• Lead the pricing and modelling of new business, supported by junior pricing colleagues; this includes the authority to sign-off on quotes in India
• Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity and ensure the sustainability of the business written
• Identify and understand clients' needs and concerns

3. Costing Methodology and Guidelines

• Develop pricing guidelines and ensure their correct application
• Able to challenge status-quo and look to simplify and improve existing practices
• Keep up to date with market, regulatory and competitive trends
• Work with Experience Studies team to gain insight into claims and lapse experience
• Ensure pricing guidelines are kept up-to-date via research and experience studies

4. Strategy, Product Development and Brand Presence

• Lead technical, research and project management input for product development initiatives
• Further the Swiss Re brand across the region through speaking at seminars/conferences and writing of articles in industry publications
• Provide strategic inputs in the running of the Swiss Re business in India including implications of regulations, market and industry developments

Qualifications & Requirements

• Qualified actuary with 5-10 years PQE minimum (under a recognized actuarial body - SOA/CAS/IOA/FOA/FIA) with a bachelor's degree in actuarial science, Mathematics, Statistics, Economics or equivalent
• Insurance or reinsurance working experience (including consulting); pricing experience of the India market is strongly desirable
• Proven commercial and technical skills in Life & Health product design and pricing
• Demonstrate maturity and flexibility at managing both internal and external stakeholders
• Experience at using and developing pricing tools, is a plus
• Excellent verbal and written communication skills in English.

We are looking for team members who stand for integrity, improve continually, and navigate ambiguity. This means having the courage to be curious and to stretch yourself beyond what you already know. We want team members who inspire change fearlessly and don't always opt for the easy option, and can stay calm, focused, and resilient during difficult times.

Regardless of what position we have at Swiss Re, all of us can be courageous, which will also help us in our personal and professional growth.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

We look forward to your application!