Job Information
Manulife Director, Product Pricing in Singapore
We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.
Working Arrangement
Hybrid
Job Description
The opportunity
Responsibilities
• Pricing:
o Support the launching of competitive and successful products / campaigns by coming up with creative ideas and strategies
o Accountability for the integrity of pricing activities assigned, including preparing documentation that outlines key financial metrics and how major risk exposures are mitigated
o Review support systems, marketing materials and policy contracts
• Risk management:
o Assist in managing the financial aspects associated with designing and pricing products / features
o Escalate potential issues where appropriate
• Project management:
o Assist in maintaining a rapidly changing portfolio of initiatives with varying degrees of complexity and urgency in support of business unit objectives
o Manage staff to complete key pricing projects in a timely fashion with flexibility to adjust priorities due to change in business need
o Obtain formal approval for product initiatives through the Corporate Product Risk Management gating process
• Reinsurance:
o Provide recommendation on how to utilize reinsurance to maximize our capability on product offering and enhance competitiveness
o Negotiate and oversee the implementation of reinsurance treaties for product initiatives assigned, ensuring that reinsurance treaties are fully documented and consistent with company best practices
o Facilitate decision making of reinsurance initiatives with both qualitative (e.g. support of company strategies) and quantitative (economic value analysis) study
• Leadership:
o Contribute as a senior member of the Pricing team, be able to assist the Pricing Office in co-ordinating the team functions such as resource management and maintaining consistent best practice standard across all the team members
o Provide leadership to actuarial professionals. Develop, coach, mentor and recruit staff to build capabilities, and be a role model of other team members
How will you create impact?
This role in Product Pricing plays a crucial role in the Pricing team that is responsible for influencing and developing new products as well as business strategy that balances our growth objectives and risk management. The role reports to the Pricing Officer.
What motivates you?
You obsess about customers, listen, engage and act for their benefit.
You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
You thrive in teams and enjoy getting things done together.
You take ownership and build solutions, focusing on what matters.
You do what is right, work with integrity and speak up.
You share your humanity, helping us build a diverse and inclusive work environment for everyone.
What we are looking for
Fellow of the Society of Actuaries (FSA) or equivalent
Minimum of 8 years actuarial experience, with at least 4 years in pricing with progressive roles
Strong risk assessment skills as well as strong analytical skills with demonstrated ability to work with complex financial information and concepts
Strong organizational and priority management skills with the ability to lead multiple projects and manage the work of junior staff to achieve high quality results under deadline pressure
Business acumen coupled with the ability to assess stakeholder needs and influence outcomes as appropriate
Communication skills to deliver appropriate messaging to audiences in an effective manner
Ability to manage day-to-day staffing issues; lead by example and motivate the Pricing area
Knowledge of the financial services industry
Results driven and ability to work under pressure
What can we offer you?
A competitive salary and benefits packages.
A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
A focus on growing your career path with us.
Flexible work policies and strong work-life balance.
Professional development and leadership opportunities.
Our commitment to you
Values-first cultureWe lead with our Values every day and bring them to life together.
Boundless opportunityWe create opportunities to learn and grow at every stage of your career.
Continuous innovationWe invite you to help redefine the future of financial services.
Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive workplace where everyone thrives.
Championing Corporate CitizenshipWe build a business that benefits all stakeholders and has a positive social and environmental impact.
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.
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 .