Health Pricing Lead - Portfolio & Pricing Strategy

Manulife; Jakarta Pusat; Hybrid; IDR 800,000,000 - 1,200,000,000; Full time

Benefits offered by this job

Hybrid work model

Global team

Job summary

Manulife Health Pricing Team Lead will drive pricing governance, deliver robust actuarial insights and coordinate a high-performing team across product development, repricing and profitability initiatives.

You will lead collaboration with Product, Distribution, Finance and Risk to shape competitive, financially sustainable health propositions and ensure timely delivery and governance documentation.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance or related discipline; a postgraduate degree is an advantage
• Associate actuarial qualification or meaningful progress toward fellowship from a recognized actuarial organization; fellowship is an advantage.
• At least 7 years of actuarial experience, including substantial hands-on experience in health pricing product development, repricing or portfolio management.
• Experience leading projects and reviewing the work of other actuaries; prior formal people-management experience is an advantage.
• Strong understanding of actuarial pricing concepts, profitability measures, financial reporting and individual health or life insurance products.
• Ability to understand complex issues, structure analysis, form sound recommendations and explain conclusions in plain language.
• Strong stakeholder management, planning and communication skills, with the confidence to challenge and elevate appropriately.
• High standards of accuracy, documentation, professional judgement and integrity

Responsibilities

• Health pricing delivery
• Lead and coordinate pricing activities for new health products, product enhancements, repricing, portfolio actions and business opportunities of varying size and complexity.
• Develop and review premium rates, benefit structures, pricing assumptions and profitability results in consultation with Product Proposition and Development, Distribution, Finance, Risk, Operations and other teams.
• Balance profitability, competitiveness, customer value, distribution needs and long-term sustainability when developing recommendations.
• Maintain clear workplans, dependencies and timelines; elevate delays, trade-offs and decisions to the Health Pricing Officer.
• Provide hands-on actuarial analysis and modelling support for complex or high-priority initiatives
• Portfolio management and repricing
• Partner with Experience Study and Health Analytics teams to assess claims, persistency, utilization, expenses and other portfolio experience.
• Translate experience into pricing, repricing and portfolio management options with clear financial, customer and implementation implications.
• Monitor actual performance against pricing expectations and identify early warning indicators, risks and opportunities.
• Support scenario testing and management recommendations for health portfolio actions, ensuring assumptions are transparent
• Pricing governance and quality assurance
• Ensure pricing work follows policies, standards, practice requirements and regulatory expectations.
• Perform technical peer review of models, assumptions, calculations, profitability metrics and pricing documentation.
• Maintain audit-ready pricing records including methodology, data sources, approvals, model changes and sensitivities.
• Identify, assess and communicate material pricing and portfolio risks; escalate as needed.
• Support model governance, control testing and remediation of pricing issues with clear ownership.
• Product development and stakeholder partnership
• Contribute actuarial insight throughout product development from concept to post-launch monitoring.
• Work with Product Management and Distribution to shape propositions that are understandable, competitive and financially sustainable.
• Prepare pricing recommendations and materials for governance forums and senior stakeholders.
• Coordinate actuarial inputs with implementation teams to reflect approved rates and assumptions in systems and documents.
• Support responses to internal, regional, external auditor and regulatory queries related to health pricing.
• Team leadership and capability building
• Coach team members through feedback, review and on-the-job development.
• Create tools and templates to improve efficiency and knowledge retention.
• Foster an environment where concerns are raised and learning is encouraged.
• Act as delegate for the Health Pricing Officer on operational matters when needed.
• Business planning and management support
• Support annual planning for health business including financial projections and plan inputs.
• Coordinate with Pricing Strategy, Finance and Distribution to ensure aligned assumptions and opportunities.
• Provide timely management reporting and actuarial recommendations to senior stakeholders.

Skills

Actuarial pricing concepts

Stakeholder management

Project leadership

Financial analysis

Documentation & governance

Education

Bachelor's degree in Actuarial Science/Mathematics/Statistics/Finance

Associate actuarial qualification or progress toward fellowship

Job description

Manulife Health Pricing Team Lead will drive pricing governance, deliver robust actuarial insights and coordinate a high-performing team across product development, repricing and profitability initiatives.

You will lead collaboration with Product, Distribution, Finance and Risk to shape competitive, financially sustainable health propositions and ensure timely delivery and governance documentation.