Head of Pricing | Scrabble

Posted on May 31, 2025

Job Description

<div style="border:solid black 1.0pt; padding:1.0pt 0in 2.0pt 4.0pt"> <ol style="list-style-type:upper-roman"> <li align="center" style="border:none; text-align:center; padding:0in">General Information</li> </ol> </div> <table class="Table" style="border-collapse:collapse; border:solid black 1.0pt" width="614"> <tbody> <tr style="height:16.0pt"> <td style="border:solid black 1.0pt; width:244.1pt; padding:0in 5.4pt 0in 5.4pt; height:16.0pt" width="325"> Role: Head - Pricing </td> <td style="border:solid black 1.0pt; width:216.35pt; border-left:none; padding:0in 5.4pt 0in 5.4pt; height:16.0pt" width="288"> Designation: CVP / VP </td> </tr> <tr style="height:16.0pt"> <td style="border:solid black 1.0pt; width:244.1pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:16.0pt" width="325"> Department/Function: Actuarial </td> <td style="border-bottom:solid black 1.0pt; width:216.35pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:16.0pt" width="288"> Career Level: 4 </td> </tr> <tr style="height:17.0pt"> <td style="border:solid black 1.0pt; width:244.1pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:17.0pt" width="325"> Direct Reporting: Appointed Actuary </td> <td style="border-bottom:solid black 1.0pt; width:216.35pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:17.0pt" width="288"> Indirect Reporting: </td> </tr> <tr style="height:17.0pt"> <td style="border:solid black 1.0pt; width:244.1pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:17.0pt" width="325"> # of Direct Reportees: 3 </td> <td style="border-bottom:solid black 1.0pt; width:216.35pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:17.0pt" width="288"> # of indirect Reportees: 6 – 8 </td> </tr> <tr style="height:17.0pt"> <td style="border:solid black 1.0pt; width:244.1pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:17.0pt" width="325"> Highest Education: Fellow of IAI or IFoA preferably with SA2 exam passed </td> <td style="border-bottom:solid black 1.0pt; width:216.35pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:17.0pt" width="288"> Relevant Experience: 14+ years </td> </tr> <tr style="height:17.0pt"> <td style="border:solid black 1.0pt; width:244.1pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:17.0pt" width="325"> Location: Gurugram </td> <td style="border-bottom:solid black 1.0pt; width:216.35pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:17.0pt" width="288"> Hub/HO: HO </td> </tr> </tbody> </table>   <div style="border:solid black 1.0pt; padding:1.0pt 4.0pt 2.0pt 4.0pt"> <ol start="2" style="list-style-type:upper-roman"> <li align="center" style="border:none; text-align:center; padding:0in">Job Objective</li> </ol> </div> <table class="Table" style="border-collapse:collapse; border:solid black 1.0pt" width="616"> <tbody> <tr> <td style="border:solid black 1.0pt; width:462.1pt; padding:0in 5.4pt 0in 5.4pt" width="616"> This role entails overseeing tasks related to the design and pricing of new products, as well as the redesign and repricing of existing ones. Key responsibilities include:

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			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Developing products that meet customer needs identified through research.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Creating pricing models to optimize profitability, capital usage, commissions, and customer returns.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Ensuring products align with the company&#39;s risk appetite and identifying financial risks with mitigation strategies.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Preparing pricing reports and documents for regulatory filings / PMC.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Assisting the Appointed Actuary (AA) in liaising with regulators to gain product launch approval.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Leading negotiations with reinsurers, finalizing treaties, and setting up Renova documentation.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Supporting launch activities, including building benefit calculators for systems testing.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Group pricing and quotation, ensuring competitive and accurate pricing for group products that meet client needs and company Objectives.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Assisting underwriting and claims teams involves setting non-medical limits based on risk assessment, ensuring regulatory compliance through documentation, and improving efficiency with automation and collaboration.</span></span></span></span></span></span></span></li>
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		<p style="margin-right:9px; margin-bottom:13px; margin-left:6px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:4.85pt .25in .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">This role demands strong interaction skills with other departments and external stakeholders, as well as the ability to contribute effectively in a high-pressure environment. </span></span></span></span></span></span></p>
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</table>   <div style="border:solid black 1.0pt; padding:1.0pt 4.0pt 2.0pt 4.0pt"> <ol start="3" style="list-style-type:upper-roman"> <li align="center" style="border:none; text-align:center; padding:0in">Key Responsibility Areas</li> </ol> </div> <table class="Table" style="border-collapse:collapse; border:solid black 1.0pt" width="600"> <tbody> <tr style="height:3.0pt"> <td style="border:solid black 1.0pt; width:28.25pt; padding:0in 5.4pt 0in 5.4pt; height:3.0pt" width="38"> # </td> <td style="border:solid black 1.0pt; width:115.5pt; border-left:none; padding:0in 5.4pt 0in 5.4pt; height:3.0pt" width="154"> Key Result Areas </td> <td style="border:solid black 1.0pt; width:4.25in; border-left:none; padding:0in 5.4pt 0in 5.4pt; height:3.0pt" width="408"> Activities </td> </tr> <tr style="height:.5in"> <td style="border:solid black 1.0pt; width:28.25pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:.5in" width="38"> 1 </td> <td style="border-bottom:solid black 1.0pt; width:115.5pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:.5in" width="154"> Impact on the Business / Function </td> <td style="border-bottom:solid black 1.0pt; width:4.25in; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:.5in" valign="top" width="408"> <ul> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Coordinate with external stakeholders (Reinsurers, Distributors, Regional team) on matters related to product pricing and other relevant areas.</li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Evaluate various parameters of existing products (profitability, competitiveness, risks, etc.) to determine the need for redesigning or repricing.</li> <li class="MsoBodyText3" style="margin-right:11px; margin-bottom:16px; text-align:justify">Enhance product design and pricing by considering the interests of all involved stakeholders.</li> <li style="margin-right:11px; margin-bottom:16px; text-align:justify">Leverage strong relationships with external stakeholders to ensure a positive impact on the business.</li> <li style="margin-right:11px; margin-bottom:16px; text-align:justify">Ensure product metrics remain favourable to the business through active redesigning or repricing.</li> <li style="margin-right:11px; margin-bottom:16px; text-align:justify">Develop and enhance benefit calculators for systems testing, ensuring they are accurate and user-friendly.</li> <li class="MsoBodyText3" style="margin-right:9px; text-align:justify">Maximize profitability, capital usage, commissions, and customer returns; ensure the product aligns with the company's risk appetite, identify financial risks, and propose mitigation strategies.</li> </ul> </td> </tr> <tr style="height:.5in"> <td style="border:solid black 1.0pt; width:28.25pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:.5in" width="38"> 2 </td> <td style="border-bottom:solid black 1.0pt; width:115.5pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:.5in" width="154"> Customers / Stakeholders </td> <td style="border-bottom:solid black 1.0pt; width:4.25in; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:.5in" valign="top" width="408"> <ul> <li class="MsoBodyText3" style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Manage local operations and identify potential markets or opportunities that can drive long-term profitable growth.</li> <li class="MsoBodyText3" style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Oversee product pricing, filing, and approval processes with the regulator/PMC.</li> </ul> </td> </tr> <tr style="height:.5in"> <td style="border:solid black 1.0pt; width:28.25pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:.5in" width="38"> 3 </td> <td style="border-bottom:solid black 1.0pt; width:115.5pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:.5in" width="154"> Leadership & Teamwork </td> <td style="border-bottom:solid black 1.0pt; width:4.25in; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:.5in" valign="top" width="408"> <ul> <li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify">Provide essential support across all business areas by applying domain knowledge to add value. This includes attending cross-functional meetings, reviewing, and offering necessary input into cross-functional projects and business discussions.</li> <li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify">Provide support to junior staff to help them develop both technical and soft skills. Seek opportunities for staff to grow beyond their domain by exposing them to broader business areas.</li> <li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify">Regularly update the company's executive committee on sources of earnings and potential threats to the business. Identify ways to contribute to the broader business strategy by explaining how financials impact the overall strategy.</li> <li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify">Work collaboratively on long-term planning and forecasting to enhance overall company performance over time. </li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Coordinate with and support other business areas to ensure that decisions are well-founded and robust.</li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Offer leadership and support to junior staff within the team and the broader department, assisting them in both work and study-related areas. </li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Offer thought leadership in the development and management of products and pricing.</li> </ul> </td> </tr> <tr style="height:.5in"> <td style="border:solid black 1.0pt; width:28.25pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:.5in" width="38"> 4 </td> <td style="border-bottom:solid black 1.0pt; width:115.5pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:.5in" width="154"> Operational Effectiveness & Control </td> <td style="border-bottom:solid black 1.0pt; width:4.25in; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:.5in" valign="top" width="408"> <ul> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Ensure all activities within the pricing team are conducted in a controlled manner with proper documentation, thereby preventing any high-risk points from being raised in internal or external audits.</li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Identify areas for process improvement and implement necessary changes to enhance quality and efficiency in product pricing.</li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Communicate outputs effectively to users.</li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Act as the primary liaison with peer reviewers and auditors.</li> </ul> </td> </tr> </tbody> </table> <a name="_gjdgxs"></a> <div style="border:solid black 1.0pt; padding:1.0pt 4.0pt 2.0pt 4.0pt"> <ol start="4" style="list-style-type:upper-roman"> <li align="center" style="border:none; text-align:center; padding:0in; margin-bottom:3px">Key Performance Indicators</li> </ol> </div> <table class="Table" style="border-collapse:collapse; border:solid black 1.0pt" width="601"> <tbody> <tr style="height:119.65pt"> <td style="border:solid black 1.0pt; border-bottom:dotted #dc6900 1.0pt; width:81.9pt; padding:0in 5.4pt 0in 5.4pt; height:119.65pt" width="109"> Financial </td> <td style="border-bottom:dotted #dc6900 1.0pt; width:368.9pt; border-top:solid black 1.0pt; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:119.65pt" valign="top" width="492"> <ul> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Financial metrics of the Company</li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">Regulatory compliance</li> <li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify">AOP and Strategic Plan</li> </ul>

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			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif">Audits and Inspection</span></span></span></span></li>
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		<p style="margin-top:16px; margin-right:11px; margin-bottom:16px; margin-left:12px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Ensure all priced or re-priced products meet the company&#39;s profitability requirements while managing risks within the approved risk appetite. This includes conducting thorough financial analyses, collaborating with cross-functional teams to align pricing strategies, and continuously monitoring market trends to adjust pricing models as needed. Additionally, provide detailed reports and insights to senior management to support strategic decision-making and ensure compliance with regulatory standards.</span></span></span></span></p>
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		<p style="margin-bottom:13px"><span style="font-size:11pt"><span style="tab-stops:3.0in"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><b>Customer</b></span></span></span></span></p>
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			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Local Management/Board</span> </span></span></span></li>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Regional HK Office</span></span></span></span></li>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">IRDAI</span></span></span></span></li>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif">Peer Reviewer/Other Auditors</span></span></span></li>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif">Institute of Actuaries of India</span></span></span></li>
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		<td style="border:solid black 1.0pt; width:81.9pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:35.5pt" width="109">
		<p style="margin-bottom:13px"><span style="font-size:11pt"><span style="tab-stops:3.0in"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><b>Process </b></span></span></span></span></p>
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		<td style="border-bottom:solid black 1.0pt; width:368.9pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:35.5pt" valign="top" width="492">
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			<li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify"><span style="font-size:8pt"><span style="line-height:normal"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="font-size:11.0pt">Ensure no high-risk or material findings arise during audit and internal controls reviews. This involves maintaining stringent compliance with internal policies and regulatory standards, conducting regular checks and balances, and implementing robust control mechanisms to mitigate potential risks.</span></span></span></span></li>
			<li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify"><span style="font-size:8pt"><span style="line-height:normal"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="font-size:11.0pt">Reduction in the time required to complete tasks by the pricing team, while maintaining high-quality standards. </span></span></span></span></li>
			<li class="MsoBodyText3" style="margin-right:9px; text-align:justify"><span style="font-size:8pt"><span style="line-height:normal"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="font-size:11.0pt">Ensure team outputs are well understood for appropriate use.</span></span></span></span></li>
			<li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify"><span style="font-size:8pt"><span style="line-height:normal"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="font-size:11.0pt">No high-risk findings, all audit issues are closed in a timely manner</span></span></span></span></li>
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</table>   <div style="border:solid black 1.0pt; padding:1.0pt 4.0pt 2.0pt 4.0pt"> <ol start="5" style="list-style-type:upper-roman"> <li align="center" style="border:none; text-align:center; padding:0in">Major Challenges</li> </ol> </div> <table class="Table" style="border-collapse:collapse; border:solid black 1.0pt" width="600"> <tbody> <tr style="height:103.0pt"> <td style="border:solid black 1.0pt; width:449.75pt; padding:0in 5.4pt 0in 5.4pt; height:103.0pt" width="600"> <ol> <li style="margin-top:16px; margin-right:10px; margin-bottom:16px; text-align:justify">In-depth understanding of regulations, practices, and Group Insurance strategies. </li> <li style="margin-top:16px; margin-right:10px; margin-bottom:16px; text-align:justify">Collaborate with departments and external stakeholders to design commercially sound products that maintain profitability and risk management.</li> <li style="margin-top:16px; margin-right:10px; margin-bottom:16px; text-align:justify">Ensure adequate resources for responsibilities in markets with scarce experienced technicians.</li> <li style="margin-top:16px; margin-right:10px; margin-bottom:16px; text-align:justify">Complete tasks accurately and on time, including necessary documentation and audit trails.</li> <li style="margin-top:16px; margin-right:10px; margin-bottom:16px; text-align:justify">Provide support to cross-functional projects to ensure actuarially sound business decisions.</li> <li style="margin-top:16px; margin-right:10px; margin-bottom:16px; text-align:justify">Educate stakeholders on insurance pricing, capital management, and interactions on commissions and customer returns.</li> <li style="margin-top:16px; margin-right:10px; margin-bottom:16px; text-align:justify">Negotiate with stakeholders, including IRDAI, distributors, and shareholders, despite conflicting requirements. </li> <li style="margin-top:16px; margin-right:10px; margin-bottom:16px; text-align:justify">Build and nurture industry connections to gain business insights and implement best practices.</li> </ol> </td> </tr> </tbody> </table>   <div style="border:solid black 1.0pt; padding:1.0pt 4.0pt 2.0pt 4.0pt"> <ol start="6" style="list-style-type:upper-roman"> <li align="center" style="border:none; text-align:center; padding:0in">Role Context</li> </ol> </div> <table align="left" class="Table" style="border-collapse:collapse; border:solid windowtext 1.0pt; margin-left:9px; margin-right:9px"> <tbody> <tr style="height:140.25pt"> <td style="border:solid windowtext 1.0pt; width:461.25pt; padding:0in 5.4pt 0in 5.4pt; height:140.25pt" valign="top" width="615"> <ol> <li class="MsoBodyText2" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify">Authority to propose new or revised pricing structures/product designs and highlight associated risks.</li> <li class="MsoBodyText2" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify">Liaise with the Appointed Actuary for decision-making on these proposals.</li> <li class="MsoBodyText2" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify">Coordinate with internal stakeholders to ensure actuarially sound business decisions and with external stakeholders to ensure favorable outcomes for the business.</li> </ol>

		<p style="margin-bottom:13px"><span style="font-size:11pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">The jobholder must operate within the risk appetite framework set by the Board and adhere to the regulatory requirements established by IRDAI.</span></span></span></span></p>
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	</tr>
</tbody>

</table>                 <div style="border:solid black 1.0pt; padding:1.0pt 4.0pt 2.0pt 4.0pt"> <ol start="7" style="list-style-type:upper-roman"> <li align="center" style="border:none; text-align:center; padding:0in">Management & Leadership of Regulatory, Compliance & Operational Risk </li> </ol> </div> <table align="left" class="Table" style="border-collapse:collapse; border:solid windowtext 1.0pt; margin-left:9px; margin-right:9px"> <tbody> <tr style="height:40.0pt"> <td style="border:solid windowtext 1.0pt; width:469.5pt; padding:0in 5.4pt 0in 5.4pt; height:40.0pt" valign="top" width="626"> Demonstrate leadership on regulatory and compliance matters, particularly by leading discussions with IRDAI, PMC, peer reviewers, and auditors on the company's financials. Develop and analyze surplus/EV to understand profit/loss sources and present these insights to management. </td> </tr> </tbody> </table> <div style="border:solid black 1.0pt; padding:1.0pt 4.0pt 2.0pt 4.0pt"> <ol start="8" style="list-style-type:upper-roman"> <li align="center" style="border:none; text-align:center; padding:0in">Observation of Internal Controls  </li> </ol> </div> <table class="Table" style="margin-left:8px; border-collapse:collapse; border:solid windowtext 1.0pt"> <tbody> <tr style="height:75.85pt"> <td style="border:solid windowtext 1.0pt; width:468.7pt; padding:0in 5.4pt 0in 5.4pt; height:75.85pt" valign="top" width="625"> Maintain and observe the company's internal control standards and Compliance Policy. Ensure timely implementation of recommendations from internal/external auditors and regulators. Foster a compliance culture by managing compliance risk with the Head of Compliance, ensuring adequate resources and training, and optimizing relations with regulators. </td> </tr> </tbody> </table> Disclaimer: <ul> <li style="margin-right:40px; text-align:justify">The information contained herein is not intended to be an all-inclusive list of the duties and responsibilities of the job, nor are they intended to be an all-inclusive list of the skills and abilities required to do the job.</li> <li style="margin-right:40px; text-align:justify">Management may, at its discretion, assign or reassign duties and responsibilities to this job at any time.</li> <li style="margin-right:40px; text-align:justify">“The duties and responsibilities in this job description may be subject to change at any time due to reasonable accommodation or other reasons.”</li> </ul>

Job Description

		<ul>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Developing products that meet customer needs identified through research.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Creating pricing models to optimize profitability, capital usage, commissions, and customer returns.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Ensuring products align with the company&#39;s risk appetite and identifying financial risks with mitigation strategies.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Preparing pricing reports and documents for regulatory filings / PMC.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Assisting the Appointed Actuary (AA) in liaising with regulators to gain product launch approval.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Leading negotiations with reinsurers, finalizing treaties, and setting up Renova documentation.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Supporting launch activities, including building benefit calculators for systems testing.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Group pricing and quotation, ensuring competitive and accurate pricing for group products that meet client needs and company Objectives.</span></span></span></span></span></span></span></li>
			<li style="margin-right:9px; margin-bottom:13px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:21.3pt 28.35pt .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Assisting underwriting and claims teams involves setting non-medical limits based on risk assessment, ensuring regulatory compliance through documentation, and improving efficiency with automation and collaboration.</span></span></span></span></span></span></span></li>
		</ul>

		<p style="margin-right:9px; margin-bottom:13px; margin-left:6px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="tab-stops:4.85pt .25in .75in 1.25in 1.75in 2.25in 2.75in"><span style="text-autospace:none"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">This role demands strong interaction skills with other departments and external stakeholders, as well as the ability to contribute effectively in a high-pressure environment. </span></span></span></span></span></span></p>
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	</tr>
</tbody>

		<p style="margin-left:48px">&nbsp;</p>

		<ul>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span lang="EN-GB" style="font-family:&quot;Calibri&quot;,sans-serif">Audits and Inspection</span></span></span></span></li>
		</ul>

		<p style="margin-top:16px; margin-right:11px; margin-bottom:16px; margin-left:12px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Ensure all priced or re-priced products meet the company&#39;s profitability requirements while managing risks within the approved risk appetite. This includes conducting thorough financial analyses, collaborating with cross-functional teams to align pricing strategies, and continuously monitoring market trends to adjust pricing models as needed. Additionally, provide detailed reports and insights to senior management to support strategic decision-making and ensure compliance with regulatory standards.</span></span></span></span></p>
		</td>
	</tr>
	<tr>
		<td style="border-bottom:dotted #dc6900 1.0pt; width:81.9pt; border-top:none; border-left:solid black 1.0pt; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt" width="109">
		<p style="margin-bottom:13px"><span style="font-size:11pt"><span style="tab-stops:3.0in"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><b>Customer</b></span></span></span></span></p>
		</td>
		<td style="border-bottom:dotted #dc6900 1.0pt; width:368.9pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt" valign="top" width="492">
		<ul>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Local Management/Board</span> </span></span></span></li>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Regional HK Office</span></span></span></span></li>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">IRDAI</span></span></span></span></li>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif">Peer Reviewer/Other Auditors</span></span></span></li>
			<li style="margin-top:16px; margin-right:11px; margin-bottom:16px; text-align:justify"><span style="font-size:11pt"><span style="line-height:12.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif">Institute of Actuaries of India</span></span></span></li>
		</ul>
		</td>
	</tr>
	<tr style="height:35.5pt">
		<td style="border:solid black 1.0pt; width:81.9pt; border-top:none; padding:0in 5.4pt 0in 5.4pt; height:35.5pt" width="109">
		<p style="margin-bottom:13px"><span style="font-size:11pt"><span style="tab-stops:3.0in"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><b>Process </b></span></span></span></span></p>
		</td>
		<td style="border-bottom:solid black 1.0pt; width:368.9pt; border-top:none; border-left:none; border-right:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt; height:35.5pt" valign="top" width="492">
		<ul>
			<li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify"><span style="font-size:8pt"><span style="line-height:normal"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="font-size:11.0pt">Ensure no high-risk or material findings arise during audit and internal controls reviews. This involves maintaining stringent compliance with internal policies and regulatory standards, conducting regular checks and balances, and implementing robust control mechanisms to mitigate potential risks.</span></span></span></span></li>
			<li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify"><span style="font-size:8pt"><span style="line-height:normal"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="font-size:11.0pt">Reduction in the time required to complete tasks by the pricing team, while maintaining high-quality standards. </span></span></span></span></li>
			<li class="MsoBodyText3" style="margin-right:9px; text-align:justify"><span style="font-size:8pt"><span style="line-height:normal"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="font-size:11.0pt">Ensure team outputs are well understood for appropriate use.</span></span></span></span></li>
			<li class="MsoBodyText3" style="margin-top:16px; margin-right:9px; margin-bottom:16px; text-align:justify"><span style="font-size:8pt"><span style="line-height:normal"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="font-size:11.0pt">No high-risk findings, all audit issues are closed in a timely manner</span></span></span></span></li>
		</ul>
		</td>
	</tr>
</tbody>

		<p style="margin-bottom:13px"><span style="font-size:11pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">The jobholder must operate within the risk appetite framework set by the Board and adhere to the regulatory requirements established by IRDAI.</span></span></span></span></p>
		</td>
	</tr>
</tbody>