Health Pricing Officer

Manulife/John Hancock

Jakarta Pusat

On-site

IDR 70,000,000 - 120,000,000

Full time

7 days ago

Be an early applicant

Application generator

A complete application in a minute — tailored resume and cover letter, ready to send.

Get past ATS filters

Job summary

Manulife/John Hancock is seeking a Health Pricing Officer to provide actuarial pricing support across health insurance products, from development to profitability analysis and governance, collaborating with stakeholders to balance value, competitiveness and portfolio growth.

The role requires senior actuarial pricing experience, fellowship with a recognized actuarial body, and strong analytical, communication, and project management skills. Hybrid work arrangement and international scope.

Qualifications

Bachelor’s degree in Actuarial, Mathematics, Statistics, Finance or related discipline.
Fellow from internationally recognized actuarial organization.
Minimum 12 years of experience in an actuarial pricing function (with significant experience in health pricing).
Ability to grasp complex subject matter and develop innovative solutions.

Responsibilities

Responsible for managing and coordinating Health Pricing activities, including product development, product management, portfolio management, and repricing initiatives from an actuarial perspective.
Participating in developing health product strategies and engaging the Product Steering Committee to ensure timely development, implementation and launch.
Developing and maintaining premium rates and benefit structures for Health products in consultation with Product Proposition and Development and Distribution Channels.
Ensuring financial assumptions used in pricing align with Corporate guidelines and balance profitability, competitiveness, customer value, and distribution needs.
Collaborate with Experience Study and Health Analytics to analyze portfolio performance and translate insights into pricing and portfolio management recommendations.
Coordinate with Life Pricing Officer per Corporate Pricing Standards and communicate pricing risks to management and risk bodies.
Be accountable for pricing integrity of liabilities and convey risk/return robustly.
Ensure Health product pricing complies with Company policies and Pricing Standards.
Lead the creative process of developing new Health products to support growth across Distribution Channels.
Review and enhance portfolio to maintain competitiveness and drive incremental sales.
Provide actuarial support to regional reporting, ad-hoc analysis, and senior management recommendations.
Strengthen data management robustness and enable better decision making and portfolio oversight.
Coordinate with Pricing Strategy and Finance to deliver annual Health business plans and budget alignment.
Highlight opportunities and risks to help management achieve targets in the business plan.

Skills

Actuarial pricing

Stakeholder management

Analytical thinking

Communication

Education

Bachelor’s degree in Actuarial, Mathematics, Statistics, Finance or related discipline

Fellow from internationally recognized actuarial organization (e.g. PAI, SOA, IAAust, IA)

Job description

The Health Pricing Officer provides actuarial pricing support for health insurance products throughout their lifecycle, covering product development, portfolio management, repricing initiatives, profitability analysis, model review, and pricing documentation. This role partners with various stakeholders to deliver pricing solutions that balance customer value, competitiveness, and business profitability. The position also supports the evaluation of new business opportunities, maintains pricing models and governance standards, and monitors product performance to identify improvement opportunities. By applying actuarial expertise and analytical insights, the role contributes to sustainable growth and long-term portfolio success.

Position Responsibilities

Responsible for managing and coordinating Health Pricing activities, including product development, product management, portfolio management, and repricing initiatives from an actuarial perspective.
This includes participating in the developing health product strategies and engaging the Product Steering Committee, with the aim of ensuring timely product development, implementation and launch.
Responsible for developing and maintaining premium rates and benefit structures for Health products in consultation with the Product Proposition and Development function within Product Management, as well as with the various Distribution Channels.
This includes ensuring the financial assumptions used in the pricing of products are in line with Corporate and Company guidelines, as well as balancing profitability, competitiveness, customer value, and distribution requirements.
Collaborate with Experience Study and Health Analytics team to analyze portfolio performance and emerging experience, translating insights into pricing, repricing, and portfolio management recommendations.
Coordinate with the Life Pricing Officer in accordance with Manulife’s Corporate Pricing Standards, including : Identify, understand, analyze, and communicate the risk inherent in the Health product portfolio to the business unit’s management, Divisional and Corporate Risk Management, and other relevant parties around the company.
Be fully accountable for the integrity of the pricing of the liabilities; and ensuring all metrics have integrity and convey risk and return in a robust manner.
Ensure Health product pricing is in compliance with Company policies and the Corporate Pricing Standards.
Take a leading role in the creative process of developing new Health products to support the growth strategies of the various Distribution Channels.
This includes reviewing and potentially enhancing the existing portfolio of products with the aim of maintaining competitiveness in market place and generating incremental sales.
Regional Reporting and analysis Provide actuarial support to projects, management reporting, ad-hoc analysis, and business recommendations for senior management together with Life Pricing Officer.
Strengthen robustness of data management and develop adequate capabilities to improve decision making and portfolio oversight.
Business Planning Coordinate with Pricing Strategy and Finance team to deliver and effectively communicate annual company business plans covering Health business, financials associated with strategic plan, OJK business plan including updates.
Support budgeting process with Distribution Channel on Health sales and ensuring budget to align with company objectives and growth targets as well as compliance with company standards Highlight and communicate key opportunities and risks embedded in the plan to help management achieve targets that were set in the business plan.

Required Qualifications

Bachelor’s degree (graduate’s degree is a plus) in Actuarial, Mathematics, Statistics, Finance or related discipline.
Fellow from internationally recognized actuarial organization (e.g. PAI, SOA, IAAust, IA)
Minimum 12 years of experience in an actuarial pricing function (with significant experience in health pricing)
Ability to grasp complex subject matter, provide insightful analysis and develop innovative solutions
Familiarity with actuarial concepts, financial reporting and individual life insurance products

Preferred Qualifications

Strong communication, coordination, and stakeholder management skills

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.

As part of our global team, you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go.

We’re proud of our accomplishments and recognition.

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.

Working Arrangement Hybrid

We’re Manulife. And we’re on a mission to make decisions easier and lives better. Better is what drives us. It’s what inspires us to find new ways to support customers and colleagues in living longer and healthier lives. It’s the reason we’re dedicated to investing in digital innovation and industry-leading AI, and accelerating a sustainable and economically inclusive future.

Joining us means you’ll be empowered to learn and grow your career. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. And as part of our global team, you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go. We’re proud of our accomplishments and recognition.