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Reinsurance Group of America

Chief Manager, Product Development, Pricing

Posted 17 Hours Ago
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In-Office
Mumbai, Maharashtra, IND
Senior level
In-Office
Mumbai, Maharashtra, IND
Senior level
Lead pricing and product development for innovative life and health reinsurance solutions. Perform biometric assumption setting, pricing modelling, risk analysis, documentation, proposals, and timely quote delivery while aligning with internal risk appetite, regulatory regimes, and corporate guidelines.
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You desire impactful work.
 

You’re RGA ready

RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

General Summary

Pricing – Product development (Research and Innovation) actuaries are responsible for the pricing of innovative products through research, deriving the biometric assumptions, reviewing product structure, modeling, risk analysis and other new business development activities to help drive growth through Creation Re.
 

Key Responsibility

  • Work with the product development team to design new products and reinsurance structures design.

  • Establish credibility as an expert by understanding client’s pain points and various regulatory regimes, to help identify new opportunities and customize Creation Re products. 

  • Understand RGA’s competitive edge and keep abreast of new product solutions offered by RGA and other competitors, locally.

  • Stay up to date on internal risk appetite and corporate guidelines which potentially impact innovative products.

  • Pricing and associated risk data analysis to set pricing assumptions.

  • Ensuring delivery of quotes on time adhering to the quality standards.

  • Reviewing & drafting as necessary proposal and treaty documentation.

  • Assist with review of business and product mandates for the local business mandate.

  • Maintaining complete and accurate pricing documentation.

  • Ensure the appropriate model points are used for pricing.

  • Involvement in any project-type activity from time to time.

  • Manage timely internal reporting documentation requirements.

  • Understanding of RGA internal standards and meeting them.

  • Identify, assess, and measure, monitor and manage insurance risk and report on time, as applicable.

Education and Experience

  • Bachelors’ or master’s degree in mathematics, Finance, Statistics, Actuarial Science or a related field.

  • Qualified actuary of a globally recognized actuarial association.

  • Minimum of 8 years’ experience in handling various aspects of the actuarial or analytical function of an insurance/reinsurance/financial business; pricing experience is a definite plus.

  • Strong IT skills – sound working knowledge of MS Excel, Macros, MS Word and Actuarial software; Axis experience is strongly preferred.

  • Excellent oral and written communication skills.

  • Strong interpersonal skills with the ability to manage teams, negotiate and influence others.

Skills and Abilities

  • Strong technical skills and attention to detail

  • Ability to effectively participate and help foster a team-based work environment.

  • Proven track record of setting and meeting individual and product development team goals in a project oriented, customer-focused environment.

  • Ability to work independently and as part of a team and deal with multiple stakeholders within the business.

  • Highly organized, delivery-orientated with the ability to work with multiple concurrent projects.

What you can expect from RGA:

  • Gain valuable knowledge from and experience with diverse, caring colleagues around the world.

  • Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.

  • Join the bright and creative minds of RGA, and experience vast, endless career potential.

We’re excited to get to know you and connect your unique skills with our global opportunities. To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience—without considering name, gender, or other personal details—and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.

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