Assistant Manager - Actuarial
Role Description
Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tata's esteemed leadership with AIA's extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives.
We foster a culture of innovation, inclusivity, and continuous learning, offering dynamic career growth opportunities and a supportive work environment. Recognized as a 'Great Place to Work' and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being. Our core value, 'People - Our Core,' emphasizes our dedication to inspiring our employees to be and deliver their very best. Our aim is to attract, hire and develop highly capable leaders who are just, fair, ethical, and accountable for their actions. We strive to provide our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively. Our promise to you is to provide for a diverse, equitable, and inclusive work environment, where each employee is valued as an individual and treated with respect, care, and compassion.
Fuel your future with us, find your wings, and S.O.A.R. – Shape opportunities, Optimize your potential, Accomplish meaningful work, and Reap holistic growth.
- Position Overview
Position Title
Assistant Manager – Actuarial
Department
Group Pricing and Quotation
Level/ Band
Assistant Manager / 301
Role Summary:
Support the Group Pricing team in designing, pricing, and monitoring profitability of group insurance products (Group Term Life, Group Credit Life, Affinity etc.), ensuring competitive and sustainable pricing aligned with business and regulatory requirements
- Organizational Relationships
Reports To
Senior Manager – Actuarial
Supervises
Individual Contributor
- Job Dimensions
Geographic Area Covered
Pan India
Stakeholders Internal
Appointed Actuary (AA), Sales, Operations, Marketing, Legal & Compliance
Stakeholders External
IRDAI, Reinsurers
- Key Result Areas
- Prepare and validate pricing quotes for new group business proposals and renewals within defined TAT
- Support development and periodic review of pricing models for group products
- Analyze mortality/morbidity experience, claims trends, and persistency data to support pricing assumptions
- Assist in preparing case-specific terms for large/complex group schemes in coordination with underwriting and sales teams
- Profitability analysis (loss ratios, expense ratios) for existing group portfolios
- Ensure pricing processes comply with IRDAI regulations and internal risk/underwriting guidelines
- Coordinate with Sales, Underwriting, Reinsurance, and other teams for smooth quote-to-policy issuance process
- Maintain and update pricing tools, templates, and MIS/dashboards
- Working on reinsurance treaty/addendum
- Ensure documentation and audit trail for pricing decisions
- Skills Required
Technical
Strong Excel (advanced formulas, macros), SQL/VBA preferred; exposure to pricing/actuarial software (Prophet or similar) is an added advantage
Behavioral
Essential
Desired
Interpersonal Skills
Communication skills
Creative Thinking Skills
Influencing skills
Relationship Building Skills
Teamwork Skills
Decision Making Skills
Supervising/Leadership skills
- Incumbent Characteristics
Essential
Desired
Qualification
Graduate / Post Graduate / Actuarial Student
Pursuing IAI/IFoA actuarial exams preferred
Experience
6 - 8 years (Group Pricing / Actuarial)
Disclaimer:
Tata AIA Life Insurance does not charge any fees from candidates during the hiring process. If the application aligns with our requirements, you may be contacted for further steps. Verify job offers through official Tata AIA communication channels to avoid fraud. The job description is the sole property of Tata AIA Life Insurance. The content of this JD is confidential, and unauthorized changes or reproduction are forbidden. To know more about Tata AIA Life, click on the weblink: