The Product Pricing Director is an actuarial leader who leads the pricing of assigned product category and oversees a team of Pricing Managers responsible for delivering the product agenda. The role provides expert oversight of pricing methodologies, assumptions, actuarial models, risk assessments, and profitability analyses to ensure pricing decisions support the company’s strategic objectives while maintaining strong financial discipline and governance. Combining technical actuarial excellence with business leadership, risk stewardship, and people management, the Pricing Lead influences and helps shape the pricing strategy for the assigned product category, drives complex pricing decisions, provides effective challenge, and serves as a key partner in shaping product design.
Position Responsibilities:
- Provide technical leadership and oversight on pricing activities across the assigned product categories. Review and challenge pricing methodologies, assumptions, actuarial models, and profitability analyses to ensure they are technically robust, commercially sound, and compliant with pricing standards, while ensuring consistency, quality, and appropriateness of pricing practices in the team.
- Lead the risk identification, assessment and management of risk of product categories assigned
- Lead the review of complex pricing initiatives, re-pricing exercises, product enhancements, and strategic business opportunities. Ensure rigorous technical review and challenge processes are embedded within the pricing exercise for assigned product portfolio. Provide expert guidance on profitability and risk metrics, and sensitivity testing.
- Ensure pricing recommendations are aligned with business strategy, corporate objectives, risk appetite, and regulatory requirements.
- Drive portfolio reviews and identify opportunities for product enhancement, repricing, rationalization, and optimization.
- Drive the delivery of high-quality product approval submissions for products assigned, driving alignment with regional standards, and established risk and governance frameworks.
- Uplift the consistent enforcement of pricing standards for Group business, including review and sign of or pricing tools and processes with CorpSol team
- Drive continuous improvement in risk assessment, analytical capabilities, product pricing implementation support, governance processes, and actuarial best practices.
- Partner with Product Management and Distribution teams in the design of customer-centric propositions that balance customer value, competitiveness, profitability, and risk.
- Lead, coach, and develop Pricing Managers. Establish clear priorities, performance expectations, and development plans across the pricing team.
- Drive consistency, quality control, peer review practices, and knowledge sharing across the team.
- Serve as a trusted pricing expert to the Pricing Officer/ Pricing Head, to senior management and partner business on pricing, profitability, product strategy of assigned product category/ies.
Required Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics
- At least 8-10 years of actuarial experience, including significant product pricing experience.
- At least 3 years of people leadership experience managing actuarial professionals.
- Fellow or near-Fellow of the Actuarial Society of the Philippines, Society of Actuaries,
- Proficiency in actuarial modeling tools
- Demonstrates deep actuarial expertise and promotes rigorous pricing standards, sound assumptions, robust modeling practices, and high-quality actuarial judgment
- Strong understanding of actuarial pricing methodology, assumption setting, risk modeling, profitability measurement, and capital management.
- Proven ability to assess product risks and evaluate complex pricing scenarios.
- Deep knowledge of life, savings, and group product pricing.
- Demonstrated ability to translate technical analysis into sound business recommendations.
- Ability to influence product design through insights on risk, pricing, customer value, and profitability.
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 hr@manulife.com.
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