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The opportunity
The Pricing Officer (PO) is part of the Corporate Solutions and Alternative Distribution Team whose main responsibility is to generate new business proposals, renewal offers, review profitability and claims experience of existing group clients and generate reports for the entire Corporate Solutions and Alternative Distribution team.
This role requires understanding of the life insurance industry, specifically group life products, actuarial principles, risk assessment, and market trends. The successful candidate will work closely with the sales, group administration, and products teams to ensure competitive and profitable pricing strategies.
Responsibilities
Generate competitive new business proposals using sound pricing judgment and data analytics, while meeting set turnaround times.
Utilize analytical skills to provide rate recommendations aligned with market trends and company objectives, ensuring both competitiveness and profitability.
Assist in the evaluation of reinsurance arrangements and their impact on pricing.
Review the profitability and claims experience of current group clients and provide insights and actionable recommendations to improve client profitability.
Work closely with Sales Officers, Group Administration, and Products teams to align and provide recommendations on pricing strategies and operational efficiencies.
Identify areas for improvement in pricing assumptions and pricing methodologies.
Conduct peer-to-peer reviews of proposals generated and reports to ensure accuracy and quality.
May lead small projects to develop and implement processes to improve efficiency.
Prepare and release periodic sales performance reports to monitor channel performance on various KPIs, ensuring accuracy, timeliness, and organization.
Prepare reports on annualize premium equivalent, distributor compensations, taxes, and premium collections on a regular basis, ensuring accuracy and timely delivery of financial data.
Demonstrate strong attention to detail in reviewing and preparing detailed reports, ensuring the integrity and reliability of financial data.
Facilitate approval processes, compute projections, and validate promo results to motivate and engage distributors.
Generate ad hoc reports as deemed necessary to support various business needs and decision-making processes.
How will you create impact?
This is an individual contributor role who will directly report to Pricing Team Lead, Manager.
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
Bachelor’s degree in Actuarial Science, BS Mathematics or Applied Math
With previous experience generating corporate proposals either in life insurance or HMO.
With two years or more relevant experience in actuarial science or data analytics, preferably in a life insurance or HMO setting.
Experience in pricing and underwriting focused on group insurance products.
Has held similar positions relevant to the requirement of the job
Ability to make sound pricing judgment
Adept in Excel
Highly analytical
High sense of business ethics and professionalism
Strong business and financial acumen
Excellent communication and interpersonal skills
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.
Acerca de John Hancock y Manulife
Manulife Financial Corporation es un importante grupo internacional de servicios financieros que ayuda a las personas a tomar decisiones de una manera más fácil y a vivir mejor. Nuestra sede mundial se encuentra en Toronto, Canadá, y operamos como Manulife mediante nuestras oficinas de Canadá, Asia y Europa, y principalmente como John Hancock en Estados Unidos. Brindamos servicios de asesoría financiera, seguros y soluciones de gestión patrimonial y de activos para personas, grupos e instituciones. Para finales de 2022, ya contábamos con más de 40,000 empleados, más de 116,000 representantes y miles de socios de distribución que brindaban nuestros servicios a más de 34 millones de clientes. Para finales de 2022, los activos que gestionamos y administramos fueron de CAD 1.3 billones (USD 1.0 billones), incluidos los activos invertidos totales de CAD 0.4 billones (USD 0.3 billones) y los activos netos de fondos segregados de CAD 0.3 billones (USD 0.3 billones). Cotizamos en las bolsas de valores de Toronto, Nueva York y Filipinas como “MFC” y en la de Hong Kong como “945”.
Manulife es un empleador que ofrece igualdad de oportunidades
En Manulife/John Hancock, valoramos nuestra diversidad. Nos esforzamos por atraer, desarrollar y retener una fuerza laboral tan diversa como los clientes a los que servimos, y para fomentar un entorno de trabajo inclusivo que abarque la fuerza de las culturas y las personas. Estamos comprometidos con el reclutamiento justo, la retención, el ascenso y la compensación, y administramos todas nuestras prácticas y programas sin discriminación por motivos de raza, ascendencia, lugar de origen, color, origen étnico, ciudadanía, religión o creencias religiosas, credo, sexo (incluyendo el embarazo y la lactancia), orientación sexual, características genéticas, estatus de veterano, identidad de género, expresión de género, edad, estado civil, estatus familiar, discapacidad, o cualquier otro aspecto protegido por la ley aplicable.
Nuestra prioridad es eliminar las barreras para garantizar la igualdad de acceso al empleo. Un representante de Recursos Humanos trabajará con los solicitantes que requieran una adaptación razonable durante el proceso de solicitud. Toda la información compartida durante el proceso de solicitud de adaptación será almacenada y utilizada de manera congruente con las leyes aplicables y las políticas de Manulife/John Hancock. Para solicitar una adaptación razonable en el proceso de solicitud, envíenos un mensaje a recruitment@manulife.com .
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