Health Pricing Officer

About the role

The Health Pricing Officer provides actuarial pricing support for health insurance products across their lifecycle, from product development and portfolio management through repricing, profitability analysis, model review and pricing documentation. The role partners with stakeholders to balance customer value, competitiveness and business profitability, and supports the evaluation of new business opportunities and the monitoring of product performance. It works closely with the Life Pricing Officer.

Key responsibilities

• Manage and coordinate health pricing activities, including product development, product and portfolio management and repricing initiatives, and take part in product strategy discussions with the Product Steering Committee.
• Develop and maintain premium rates and benefit structures in consultation with Product Management and Distribution Channels, ensuring financial assumptions follow corporate guidelines while balancing profitability, competitiveness and customer value.
• Work with the Experience Study and Health Analytics team to turn portfolio and experience insights into pricing and repricing recommendations.
• Identify, analyse and communicate the risk of the health portfolio to management and risk functions, ensure pricing integrity and compliance with corporate pricing standards.
• Help design new health products and enhance the existing portfolio to support channel growth and generate incremental sales.
• Support projects, management reporting and ad-hoc analysis for senior management, and strengthen data management to improve decision making.
• Coordinate with the Pricing Strategy and Finance team on annual business plans, including the OJK business plan, and support budgeting with Distribution Channels.

Required profile

• Bachelor's degree (graduate's degree is a plus) in Actuarial Science, Mathematics, Statistics, Finance or a related field.
• Fellow of an 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.
• Preferred: strong communication, coordination and stakeholder management skills.

Required skills

• Familiarity with actuarial concepts, financial reporting and individual life insurance products.
• Actuarial pricing and portfolio analysis.

Working arrangement is hybrid. Manulife is an Equal Opportunity Employer.