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 culture
  We lead with our Values every day and bring them to life together.
• Boundless opportunity
  We create opportunities to learn and grow at every stage of your career.
• Continuous innovation
  We invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and Inclusion
  We foster an inclusive workplace where everyone thrives.
• Championing Corporate Citizenship
  We 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 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 recruitment@manulife.com.

Hybrid