Pricing Officer
Job Location:
Boston, MA - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
The Global High-Net-Worth (Global HNW) Life Insurance Business was formed in 2023 to leverage Manulifes enterprise-wide capabilities in serving this customer segment. By bringing together Manulife Bermuda with Manulife Hong Kongs and Manulife Singapores International Brokerage Channel the GHNW business can capitalize on the strengths of the three business units to accelerate growth in the HNW and Ultra HNW markets.
Manulife Bermuda is a leader in the Global High-Net-Worth life insurance market with capacity to write insurance on residents in over 150 countries. For 20 years we have delivered value through innovation driven growth through differentiated products and provided superior service by partnering with our third-party distributors to identify better ways to access and serve our customers.
The Manulife Bermuda Pricing Officer is highly visible and critical for the implementation of Manulife Bermudas top strategic priorities and will report directly into the Chief Solutions Officer. This is an entrepreneurial role where the individual will operate as a leader a strategist and a consultant. The Pricing Officer will Lead the Pricing team be responsible for all actuarial aspects of new business provide guidance on pricing decisions analyze market dynamics and conduct pricing research to create pricing strategies that maximize long-term profitability adhere to corporate pricing standards enhance customer value and drive innovation.
Responsibilities:
Lead manage develop and motivate diverse professional team to design develop price and implement competitive profitable and innovative life insurance products in a fast paced rapidly changing environment
Final responsibility for all actuarial aspects of new business including profit and risk measures assumptions and capital management
Represent Manulife Bermuda Pricing to the rest of the company both as the main point of contact for senior management and as a participant (and sometimes leader) of cross functional/divisional working groups
Liaise with Distribution and the AVP Product Management on a wide variety of issues relating to the management of the business.
Lead pricing involvement in all new strategic initiatives
Network with peers in the industry to develop relationships and new sources of market information
Ensure full compliance with Corporate Pricing Standards and all corporate policies
Identifying opportunities and leading or overseeing initiatives to improve the competitiveness profitability or capital management of new business
Develop and implement pricing strategies that maximize long-term profitability
Drive innovation in pricing strategies to enhance customer value and market positioning
Collaborate with global teams to share ideas and align pricing strategies with business goals
Align incentives investments and resources to support the product strategy
Contribute to the development of long-term product strategies and business growth initiatives
Requirements:
Bachelors degree in actuarial science mathematics or related field; advanced degree preferred
Proven leadership experience in actuarial pricing and strategy development
Creative thinker with an innovative growth-oriented mindset
Strategic thinking and the ability to create to product strategies and roadmaps
Superior leadership skills with ability to motivate and influence associates at all levels and at a distance
Strong understanding of actuarial concepts and methods
Ability to conduct pricing research and provide data-driven recommendations
Familiarity with regulatory requirements and industry standards for pricing
Collaboration and communication skills to work effectively with cross-functional teams
When you join our team:
Well empower you to learn and grow the career you want.
Well recognize and support you in a flexible environment where well-being and inclusion are more than just words.
As part of our global team well support you in shaping the future you want to see.
The role being advertised is an existing vacancy.
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services provider helping people make their decisions easier and lives better. To learn more about us visit 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 .
Referenced Salary Location
Boston MassachusettsWorking Arrangement
Salary range is expected to be between
$152900.00 USD - $283800.00 USDEmployees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions geography and relevant job-related factors such as knowledge skills qualifications experience and education/training. If you are applying for this role outside of the primary location please contact for the salary range for your location.
Manulife/John Hancock offers eligible employees a wide array of customizable benefits including health dental mental health vision short- and long-term disability life and AD&D insurance coverage adoption/surrogacy and wellness benefits and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays 3 personal days 150 hours of vacation and 40 hours of sick time (or more where required by law) each year and we offer the full range of statutory leaves of absence.
We use data and analytics technologies such as artificial intelligence (AI) and automated processing tools to analyze and process the information you provide to us or third parties in the application process. For more information please refer to our personal information collection statement.
Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify
Company: John Hancock Life Insurance Company (U.S.A.)Required Experience:
Unclear Seniority
About Company
Manulife is a leading financial services group. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions.
