Overview

We are seeking an experienced Senior Manager, Pricing to lead the development, review, and governance of pricing strategies for Life Insurance products. The incumbent will play a key role in ensuring product profitability, regulatory compliance, and market competitiveness while partnering closely with Product, Distribution, Finance, Risk, Underwriting, and senior business stakeholders.​

Key Responsibilities

Pricing Strategy & Product Development

1. Lead pricing activities for new and existing Individual Life, Health, Savings, Protection, and Investment-Linked products.​
2. Develop pricing models, assumptions, and methodologies that balance profitability, competitiveness, and customer value.​
3. Conduct financial projections, profitability analysis, and sensitivity testing to support product design and pricing decisions.​
4. Recommend pricing strategies based on market trends, customer needs, and business objectives.​

Actuarial Analysis

1. Perform actuarial modelling, valuation support, and pricing analysis using industry-standard actuarial software.​
2. Review pricing assumptions relating to mortality, morbidity, persistency, expenses, investment returns, and reinsurance.​
3. Ensure pricing assumptions remain appropriate through regular experience studies and monitoring.​

Portfolio Management

1. Monitor product performance and profitability against pricing expectations.​
2. Conduct post-launch reviews and recommend pricing or product enhancements where necessary.​
3. Support embedded value, capital management, and profitability initiatives.​

Governance & Regulatory Compliance

1. Ensure pricing practices comply with local regulatory requirements, accounting standards, and internal governance policies.​
2. Prepare pricing documentation and present recommendations to Product Committees and senior management for approval.​
3. Support regulatory submissions and respond to actuarial or audit queries.​

Stakeholder Management

1. Partner with Product Development, Distribution, Underwriting, Claims, Finance, Investments, and Risk functions throughout the product lifecycle.​
2. Work closely with reinsurers on pricing support, treaty negotiations, and product innovation.​
3. Present pricing recommendations and business cases to executive management.​

Leadership

• Lead and mentor junior actuarial and pricing professionals.​

• Drive continuous improvement in pricing methodologies, automation, and actuarial processes.​

• Contribute to strategic initiatives supporting business growth and transformation.​

Requirements

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative discipline.​

• FIA, FSA, FIAA, or equivalent actuarial qualification (qualified or near-qualified candidates will be considered).​

Experience

• 8–12 years of actuarial pricing experience within the Life Insurance industry.​

• Strong experience in Individual Life, Health, Protection, Savings, or Investment-Linked products.​

• Proven track record in product pricing, profitability analysis, and product development.​

• Experience working with regulators and governance committees is highly desirable.​

Technical Skills

• Strong actuarial modelling and financial analysis capabilities.​

• Proficiency in actuarial software such as Prophet, AXIS, MG-ALFA, Moses, or similar platforms.​

• Advanced Excel skills; knowledge of SQL, Python, R, or VBA is an advantage.​

• Good understanding of IFRS 17, RBC frameworks, Embedded Value, and local regulatory requirements.​

Key Competencies

• Strategic and commercial mindset​

• Strong analytical and problem-solving skills​

• Excellent stakeholder management and communication​

• Leadership and team development​

• Project management and prioritization​

• Business partnering and influencing skills​

• High attention to detail and governance focus​