Assistant Pricing Manager

Sun Life Financial; Singapore; On-site; SGD 90,000 - 150,000; Full time

Benefits offered by this job

Flexible work environment

Career development opportunities

Global exposure

Job summary

Sun Life is seeking an Assistant Pricing Manager in Singapore to drive end-to-end pricing for insurance products, align with market strategy, and oversee VNB reporting. You will develop advanced pricing models and collaborate with cross-functional teams to ensure profitable launches.

The role emphasizes balancing innovation with risk management, regulatory compliance, and leadership engagement. A strong actuarial background and mentoring skills are essential for success.

Qualifications

• Bachelor’s degree in Actuarial Science or related field; ASA/FCAS or equivalent required.
• Minimum 5 years’ Life Insurance actuarial pricing experience with strong analytical skills.
• Proficiency in data analysis tools (R, Python, Excel); knowledge of IFRS17 and RBC2.

Responsibilities

• Support pricing and actuarial analysis for new HNW product initiatives.
• Develop deterministic and stochastic pricing models; monitor profitability.
• Oversee VNB reporting and explain drivers of profitability to leadership.
• Collaborate with Product Strategy, Implementation and Governance teams.
• Mentor junior pricing analysts and promote best practices.

Skills

R

Python

Excel

Actuarial pricing

Data analysis

Education

Bachelor's degree in Actuarial Science

Advanced degree preferred

Tools

Axis

PathWise

Excel

Job description

Job Description

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful. When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives. Discover how you can make a difference in the lives of individuals, families and communities around the world.

JOB PURPOSE

The Assistant Pricing Manager is responsible for supporting the end-to-end process of creating and pricing insurance products that align with company goals and market demands. This role involves analyzing market trends, developing product strategies, creating sophisticated pricing models, and collaborating with various teams to ensure successful product launches. The position also requires overseeing Value of New Business (VNB) reporting, mentoring junior staff, and engaging with senior leadership as required. The Assistant Pricing Manager must balance innovation with risk management, ensure regulatory compliance, and drive profitability while meeting customer needs across various lines of business. The role allows for exposure to other team leaders within the Singapore team and across business functions (ALM, Valuation etc.), as well as providing excellent career development opportunities for strong candidates.

MAJOR ACCOUNTABILITIES

1. Product Development Support pricing and actuarial analysis for new HNW product initiatives, ensuring alignment with profitability requirements and market strategy.

   Collaborate with Product Strategy & Proposition, Implementation and Business teams to design differentiated HNW offerings and features.

   Support special quotes, jumbo cases, and bespoke client solutions.

2. Actuarial Modeling & Financial Analysis Develop and maintain deterministic and stochastic models for pricing and profitability assessment.

   Leverage PathWise and other advanced modeling tools to strengthen modelling capabilities.

   Monitor new business performance.

   Conduct pricing assessments and optimize pricing structures.

3. Product Implementation and Approval Support analysis to obtain product approvals from Asia Peer Review team.

   Work with implementation squad on Cover Page and Policy Illustration templates.

   Participate in system implementation activities.

   Ensure compliance with regulatory requirements and internal guidelines.

   Clearly communicate complex technical results to senior leaders.

4. Value of New Business (VNB) Reporting Oversee VNB reporting activities and processes.

   Produce and explain drivers of profitability for quarterly submissions.

   Build new products into the valuation model.

   Implement pre-production ACMA (Assumption Changes and Model Adjustments).

5. Leadership and Collaboration Serve as a technical expert in product mechanics, pricing practices, and actuarial innovation.

   Enhance modeling capabilities across the function.

   Mentor and support junior pricing analyst, reinforcing consistency and best practices.

   Drive innovative thinking around product features, risk assessment, and analytic methodologies.

   Foster a culture of knowledge sharing and continuous improvement.

ROLE REQUIREMENTS

1. Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field required. Advanced degree preferred.
2. Experience: Minimum of 5 years of experience in Life Insurance industry. Strong analytical skills and technical proficiency.
3. Skills and Knowledge: Excellent knowledge of local insurance products, pricing methodologies, and industry regulations. Proficiency in data analysis tools and software (e.g., R, Python, Excel). Exposure in Axis or PathWise is desirable. Strong technical skills and problem-solving ability, able to work in a dynamic environment. Strategic thinking and business acumen.
4. Certifications: Professional actuarial qualification (e.g., ASA, ACAS, or equivalent) required.
5. Certifications: Professional actuarial qualification (e.g., FSA, FCAS, or equivalent) preferred.
6. Industry Knowledge: Knowledge of Local capital regime, RBC2 and of IFRS17.
7. Other Skills: Strong cross-functional collaboration skills. Adaptability to work within agile methodologies and respond to changing market demands. Problem-solving and decision-making abilities.

Job Category: Actuarial

Posting End Date: 08/11/2026

Shine together

At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you – and your career – can thrive. Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed. Make life brighter We’re a global company with a passion for people.

Join us.

We’re a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives. As a team of 30,000 across 26 countries, our impact is far-reaching, and locally relevant. There’s power in numbers. As part of Sun Life’s growing team, you have an impact on people in your community and around the world. Shape the future With an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working. Use data to drive bold actions. Be agile and pivot as we test and learn. At Sun Life, we’re driving transformation, sustainability and innovation for our Clients, employees, partners, and communities. Join us. Together, we can make the future brighter. Join a top employer for a brighter future. Visit Sun Life Careers