Product Pricing Manager

About the Role:

As Manager, Product Pricing, you will play a pivotal role in shaping the financial architecture of our life insurance product portfolio. Working at the intersection of actuarial science, market intelligence, and product strategy, you will drive pricing decisions that are commercially competitive, financially sound, and compliant with regulatory standards. 

Key Responsibilities:

Pricing Strategy & Market Analysis

• Conduct in-depth analysis of market trends, competitor pricing strategies, and internal cost structures to develop forward-looking pricing recommendations for both new and existing products.
• Monitor industry developments, regulatory changes, and macroeconomic factors that may influence product pricing and profitability.
• Translate market and customer insights into actionable pricing positioning that balances competitiveness with sustainable margins.
   

Incidence Rate Development

• Lead the development and refinement of incidence rates, drawing on internal experience data, industry benchmarks, and reinsurance inputs to ensure actuarial assumptions are robust and defensible.
• Regularly review and update assumptions in line with emerging claims experience and evolving risk profiles.
   

Pricing Model Development & Maintenance

• Design, build, and maintain sophisticated pricing models and databases that support accurate product costing, scenario testing, and sensitivity analysis.
• Continuously improve modelling tools and methodologies to enhance efficiency and accuracy, leveraging VBA and other analytical tools.
   

Cross-Functional Collaboration

• Partner closely with Product Development team to understand customer perceptions, distribution dynamics, and price sensitivity across different channels and segments.
• Collaborate with Actuarial, Finance, Legal, and Compliance teams to ensure pricing frameworks are financially sound and meet all regulatory requirements.
• Support the articulation of pricing rationale to senior management and external stakeholders, including reinsurers where applicable.
   

Performance Monitoring & Reporting

• Establish and maintain pricing performance dashboards and reporting frameworks to track actual vs. expected performance.
• Identify and escalate emerging pricing risks or profitability concerns, and recommend corrective actions in a timely manner.
   

Regulatory Compliance

• Ensure all pricing activities adhere to internal pricing policies and applicable regulatory requirements.
• Maintain thorough documentation of pricing methodologies, assumptions, and decision rationales to support audit and governance processes.
   

Operational & Project Support

• Contribute to day-to-day pricing operations, ensuring timely turnaround on pricing requests and queries from internal stakeholders.
• Actively participate in strategic projects and new initiatives as directed by management, including product launches, market expansions, and system enhancements.

• University degree in Actuarial Studies, Mathematics, Finance, or a related quantitative discipline.
• Qualified actuary or near-qualified (e.g., Fellow or Associate of a recognised actuarial body such as HKIA, SOA, or IOA), with a clear progression plan for completion.
• Demonstrated experience in pricing life insurance products within a direct insurer or reinsurer environment.
• Proven track record in developing and pricing innovative products, with exposure to protection, savings, investment-linked, or health product lines preferred.
• Familiarity with reinsurance negotiation and treaty structures is an advantage.
• Strong proficiency in Microsoft Excel (advanced), Word, and PowerPoint; hands-on experience with VBA for modelling and automation.
• Knowledge of actuarial pricing software or statistical tools (e.g., R, Python, Prophet) is a plus.
• Solid understanding of financial modelling, product profitability analysis, and embedded value concepts.
• Excellent analytical and problem-solving capabilities, with the ability to distil complex quantitative analysis into clear, actionable business insights.
• Strong interpersonal and communication skills, with confidence in presenting recommendations to senior management and cross-functional stakeholders.
• Detail-oriented, intellectually curious, and commercially minded — able to balance actuarial rigour with pragmatic business judgment.
• Self-motivated team player who thrives in a fast-paced, collaborative environment.