Health Pricing Officer

Manulife; Jakarta Pusat; Hybrid; IDR 1,200,000,000 - 2,300,000,000; Full time

Job summary

Manulife is seeking a Health Pricing Officer in Jakarta to provide actuarial pricing support across the product lifecycle. You will lead pricing initiatives, balance profitability with customer value, and collaborate with Product Management and Distribution to drive growth.

You will oversee premium rate development, portfolio analysis, and governance, ensuring pricing integrity and strategic alignment with corporate standards.

Qualifications

• Bachelor’s degree in actuarial science or related field (advanced degree a plus).
• Fellow from a recognized actuarial organization (PAI, SOA, IAAust, IA).
• Minimum 12 years of experience in an actuarial pricing function, with significant health pricing experience.

Responsibilities

• Lead Health Pricing activities, partnering with stakeholders to ensure timely product development and launch.
• Develop and maintain premium rates and benefit structures for Health products in collaboration with Product Management and distribution channels.
• Collaborate with Experience Study and Health Analytics to translate portfolio insights into pricing, repricing, and portfolio management recommendations.
• Communicate risk and pricing integrity according to Corporate Pricing Standards across management levels.
• Lead creation of new Health products to support growth across distribution channels.

Skills

Stakeholder management

Communication skills

Coordination

Education

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

Fellow from actuarial organization (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.

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 [e-mail].

Working Arrangement

Hybrid