Pricing Director, Actuary

Lead the Pricing function to develop, review, and govern insurance product pricing strategies that support profitable growth, regulatory compliance, capital efficiency, and customer value. The role partners closely with Product, Distribution, Finance, Risk, Valuation, and senior leadership to drive product innovation and portfolio performance.

Key Accountabilities

Product Pricing & Development

• Lead pricing of new insurance products, riders, and product enhancements.

• Ensure pricing assumptions are appropriate, sustainable, and aligned with business strategy.

• Oversee profitability analysis and business case development for new initiatives.

• Support product approval processes and interactions with regulators.

Portfolio Management

• Monitor product profitability, experience trends, and pricing adequacy.

• Recommend repricing, product redesign, or portfolio actions as needed.

• Drive regular experience studies and assumption reviews.

Actuarial & Financial Analysis

• Establish pricing methodologies, models, and governance standards.

• Assess impacts of assumptions related to mortality, morbidity, lapse, expenses, and investment returns.

• Evaluate capital, IFRS17, and financial implications of pricing decisions.

Stakeholder Management

• Partner with Product, Distribution, Finance, Risk, and Operations teams.

• Present pricing recommendations to executive committees and senior management.

• Provide pricing insights for strategic planning and business growth initiatives.

Governance & Risk Management

• Ensure compliance with actuarial standards, internal policies, and regulatory requirements.

• Maintain robust pricing controls, documentation, and model governance.

• Support audits and independent model reviews.

People Leadership

• Lead and develop the Pricing team.

• Build actuarial and technical capability within the function.

• Promote a high-performance and collaborative culture.

Qualifications & Experience

Education

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.

Professional Qualifications

• Fellow of a recognized actuarial body (FSA, FIA, FIAA, FASSA, etc.) preferred.

Experience

• 10–15+ years of actuarial experience with significant exposure to pricing.

• Proven leadership experience managing actuarial teams.

• Strong knowledge of life insurance products and actuarial valuation concepts.

• Experience working with senior executives and cross-functional stakeholders.

Technical Skills

• Insurance pricing and product development.

• Experience studies and assumption setting.

• IFRS17 and capital management knowledge.

• Advanced actuarial modelling and data analytics.

• Strong communication and presentation skills.

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

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 https://www.manulife.com/en/about/our-story.html.

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 [email protected].

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