Group Product and Pricing Senior Manager

Manulife Financial; Makati; On-site; PHP 2,500,000 - 4,500,000; Full time

Benefits offered by this job

Flexible environment

Global team support

Well-being program

Job summary

Manulife Financial is seeking a Group Product and Pricing Senior Manager to lead end-to-end pricing, product development, and profitability management for the group life portfolio. The role partners with Corporate Solutions and Alternative Distribution teams to deliver competitive solutions for corporate clients.

You will own pricing for group accounts, develop pricing assumptions from data, and ensure alignment with risk appetite, regulatory requirements, and strategic growth objectives.

Qualifications

• University degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.
• Associate membership: AASP.
• ASA Associate membership.
• Actuarial experience in life/health insurance, group/corporate solutions preferred.
• Proficiency in MS Office (Word, Excel, PowerPoint).
• Strong communication and interpersonal skills.
• Excellent time management and ability to handle multiple priorities.

Responsibilities

• End-to-end pricing of group/corporate accounts for new business and renewals.
• Lead product proposition and implementation, manage development and launch of group/corporate solutions.
• Develop pricing models and tools, ensure governance and regulatory compliance.
• Collaborate with cross-functional teams on ad hoc projects and portfolio management.
• Support profitability targets and pricing governance across local markets.

Skills

Analytical skills

Communication skills

Time management

Education

Actuarial/Math/Finance degree

AASP Associate

ASA Associate

Actuarial life/health experience

MS Office (Word/Excel/PowerPoint)

Tools

MS Office Suite

Job description

Group Product and Pricing Senior Manager is responsible for the end-to-end product development, pricing and ongoing profitability management of the group life business. The team partners closely with Corporate Solutions and Alternative Distribution team to ensure sustainable and competitive offerings for corporate clients.

The position is primarily accountable for pricing of group / corporate accounts (both new business and renewals), and development, pricing and implementation of group / corporate product solutions. The role ensures that pricing is technically sound, aligned with risk appetite and regulatory requirements, and supports the company’s growth and profitability objectives.

The Group Product and Pricing Senior Manager will report to the Head of Pricing / Pricing Officer.

Position Responsibilities:

The responsibility of the product implementation manager includes the following:

• Group / Corporate Accounts Pricing
  • Perform end-to-end pricing of group / corporate accounts (new business and renewals), including rate development, benefit review, and case-specific adjustments.
  • Analyze experience data (claims, demographics) to derive appropriate pricing assumptions and recommendations.

• Product Proposition, Pricing and Development
  • Lead product proposition and implementation for group / corporate solutions, including managing new product development and product requests from concept through launch.
  • Design new group / corporate product solutions and enhancements to existing products, ensuring alignment with market needs, internal strategy, and regulatory requirements.
  • Manage the end-to-end product development process (from conceptualization, benefit design, pricing, profitability assessment, approvals, documentation, to launch and post-launch review.
  • Ensure product pricing and launch follow required internal and external standards, including governance, risk, compliance, and actuarial standards.
  • Develop and maintain pricing models and tools (ie excel pricing template) to support product and account pricing.

• Governance
  • Ensure that the pricing work complies with local regulatory requirements, internal (local, regional and corporate) policies, and actuarial standards of practice.
  • Support internal reviews and audits as required.

• Ad Hoc Projects
  • Lead or support ad hoc projects as required, which may include operations-related initiatives, in-force portfolio management projects, product remediation or repricing exercises, process improvement, and data/analytics-related projects.
  • Collaborate with cross-functional stakeholders (e.g., Operations, Distribution, Finance, Risk, Compliance) to ensure successful delivery of these initiatives.

• Individual and Shared Accountabilities:
• Price and assess group / corporate accounts and ensure recommendations are aligned with profitability and risk targets.
• Development, pricing and implementation of group / corporate product solutions.
• Develop and maintain pricing models, tools and documentation for group products and accounts.
• Ensure that pricing work complies with relevant standards and requirements.
• Support cross-functional projects and initiatives related to group / corporate solutions, including product launches and strategic reviews.

Required Qualifications:

Knowledge:

• Strong understanding of life and health insurance, particularly group / corporate solutions.
• Working knowledge of actuarial pricing techniques and concepts (ie claim cost development, credibility, experience rating).
• Familiarity with local insurance market, products, and regulatory environment.

Skills and Competencies:

• Strong analytical and quantitative skills, with the ability to work with large and complex data sets.

Education:

• University degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• At least an Associate of the Actuarial Society of the Philippines (AASP)
• At least an Associate of the Society of Actuaries (ASA)
• Relevant actuarial experience in life/health insurance, preferably with focus on group / corporate solutions.
• MS Office Applications (Word, Excel, PowerPoint)
• Excellent communication and interpersonal skills, with ability to explain technical concepts to non-technical stakeholders.
• Strong organizational and time management skills; able to handle multiple priorities and deadlines.

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.

關於宏利和恒康

宏利金融公司是一家業界領先的國際金融服務商，致力於幫助人們實現「輕鬆投資理財，樂享豐盛人生」。若要進一步了解我們，請瀏覽 https://www.manulifeim.com/institutional/tw/en.

宏利是平等機會僱主

在宏利／恒康，我們擁抱多元。我們致力於吸引、培養及挽留和所服務客戶同樣多元的員工，並從而營造包容的工作環境，接納文化和個體差異。我們矢志維持公平的招聘、挽留、晉升及薪酬制度，我們管理的所有實踐及項目不會因種族、血統、原籍地、膚色、族裔、國籍、宗教或宗教信仰、信仰、性別（包括懷孕及其相關情況）、性取向、遺傳特徵、退伍軍人身份、性別認同、性別表達、年齡、婚姻狀況、家庭狀況、殘疾或受適用法律保護的任何其他因素而區別對待。

我們的首要任務是消除障礙，為員工提供平等就業機會。人力資源部代表將盡力為應徵過程中提出要求的申請人提供合理協助。申請人要求協助所分享的信息將會按照適用法律及宏利／恒康政策儲存及使用。申請人要求協助必須提供聯絡 [e-mail]。

Working Arrangement

混合式