Reporting to the Pricing Lead, MBPS Actuarial, the Actuarial Director, JP Pricing plays a critical role in strengthening pricing governance, modeling standards, and end-to-end pricing processes to deliver sustainable customer and business value. This role partners closely with pricing, product, risk, finance, valuation, and technology stakeholders to enhance pricing workflows, improve controls, and support scalable, high-quality product pricing practices.

Established in 2012, MBPS Actuarial has grown into a global center of excellence with over 200 professionals supporting Valuation, Asset & Liability Modelling, Experience Analytics, Pricing, and other core actuarial services.

MBPS Actuarial offers a wide range of global opportunities across multiple actuarial disciplines, a high performing culture, a market leading actuarial development program, a job rotation program, and a leadership team dedicated to your growth and success.  Beyond that, their influence extends to the broader community and industry, enriching the professional landscape for everyone involved.

Position Responsibilities:

Pricing Governance & Process Excellence

• Review and improve end-to-end pricing workflows, from product ideation through approval, launch, and post-launch monitoring.
• Identify opportunities to simplify processes, strengthen controls, clarify ownership, and improve speed and consistency of pricing deliverables.
• Lead enhancements to pricing standards, approval processes, documentation practices, review checklists, and governance routines.
• Drive continuous improvement initiatives to enhance pricing effectiveness, operational efficiency, and control effectiveness.

Actuarial Modeling Standards & Technical Oversight

• Establish and maintain modeling rules, model change standards, validation expectations, and documentation requirements for pricing models.
• Provide actuarial oversight on pricing methodologies, profitability analysis, sensitivity testing, assumption reasonableness, and product economics.
• Strengthen governance over product feasibility assessments, pricing review reports, profitability metrics, and pricing decision materials.

Business, Product & Financial Insight

• Analyze pricing results, product profitability, risk-return trade-offs, and competitive positioning to support product and business strategy.
• Translate actuarial analysis into clear recommendations for senior stakeholders and governance forums.
• Support management reporting, assumption review, experience analysis, and post-launch monitoring to inform future pricing actions.

Collaboration & Leadership

• Partner with product, risk, finance, valuation, reinsurance, distribution, IT, data, and governance teams to ensure pricing practices are robust, efficient, and well controlled.
• Partner with technology, AI, and automation teams to identify scalable workflow, reporting, documentation, and quality-control solutions.
• Communicate complex actuarial, financial, and process concepts in a clear, concise, and business-relevant way.

Required Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Computer Science, or a related field.
• 8–12+ years of actuarial experience in life insurance, with strong exposure to pricing, product development, profitability analysis, assumption setting, model review, or actuarial governance.
• Progress toward certification with a recognized actuarial professional body; Fellowship preferred.
• Proven ability to lead pricing initiatives, process improvement, model governance, product review, or cross-functional actuarial projects.
• Strong business acumen, analytical judgment, and ability to identify root causes and key drivers from financial and actuarial results.
• Excellent stakeholder management, communication, negotiation, and influencing skills.
• Results-oriented, with the ability to manage competing priorities and deliver high-quality work under tight timelines.
• Demonstrated ability to lead cross-functional initiatives and influence strategic decision-making across actuarial and business stakeholders.

Preferred Qualifications

• Experience with Moody’s Axis, Risk Integrity, or similar actuarial modeling platforms.
• Knowledge of IFRS17 reporting, pricing governance, model controls, or assumption management.
• Demonstrated project management and leadership experience, including coaching or mentoring actuarial teams.
• Experience partnering with technology, data, automation, or AI teams to improve actuarial processes and controls.

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].

Hybrid