Manager – Actuarial Pricing

About the job

We are seeking an experienced actuarial professional to join our Actuarial Pricing team as Manager. The role offers end-to-end exposure to life insurance pricing and product development, with opportunities to influence business decisions and work closely with senior and cross-functional stakeholders.

Position Responsibilities:

Product Pricing & Development

• Lead or support pricing for new products, repricing exercises and product enhancements, balancing profitability, risk, customer needs and market competitiveness.
• Own key pricing deliverables, including assumption setting, actuarial modelling, profitability assessment, sensitivity testing and documentation.
• Prepare clear pricing recommendations and communicate financial and business implications to management and governance forums.

Governance & Business Partnership

• Ensure pricing work complies with corporate standards, governance frameworks, internal controls and applicable regulatory requirements.
• Maintain robust pricing documentation and support internal review, approval and audit processes.
• Identify key pricing risks, limitations and mitigation actions, and provide clear recommendations to management.
• Partner with Product, Distribution, Finance, Risk, Underwriting, Operations and other functions to deliver timely and commercially sound outcomes.
• Represent Actuarial Pricing in cross-functional initiatives, including new distribution strategies, regulatory changes and system implementations.

Performance, Projects & Team Contribution

• Monitor post-launch product and pricing performance, assess pricing adequacy and recommend actions where outcomes differ from expectations.
• Contribute to new business strategy and profitability management, including value of new business and return on capital considerations.
• Support the Head of Pricing and Chief Actuary on strategic, regulatory and company-wide initiatives, including management, committee and board materials where required.
• Enhance pricing models, methodologies and processes to improve efficiency, analytical insight and governance.
• Review actuarial work and provide guidance to junior team members, supporting technical development and high-quality delivery.
• Contribute to a collaborative, high-performing team culture and take ownership of assigned deliverables

Required Qualifications:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related quantitative discipline.
• Approximately 5–7 years of relevant actuarial experience, preferably in life insurance pricing and product development. Candidates with less experience may be considered at Assistant Manager level based on capability and potential.

Preferred Qualifications:

• Progress toward qualification with a recognized actuarial body.
• Life insurance experience in Southeast Asia would be an advantage.
• Strong actuarial modelling, analytical and problem-solving skills, with the ability to translate technical results into practical business insights.
• Effective communication and stakeholder-management skills, with the ability to work independently and manage multiple priorities.
• Experience with actuarial pricing software, advanced Excel or other analytical tools would be an advantage.

When you join our team:

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

In Office