Associate Director, Pricing and Strategy

Develop pricing strategies to drive business growth and profitability.

We are seeking a highly skilled Associate Director, Pricing to join our team. As a key member of our Pricing department, you will play a critical role in ensuring the financial soundness, competitiveness and marketability of our products developed. This position will report to the Pricing Director or Officer and will be responsible for guiding a few team members and managing product pricing related work/projects independently.

• This position is accountable for the development of new products or the repricing of existing products meeting marketing, profitability, and risk management goals.

• The successful candidate will be responsible for directly leading key product initiatives with medium to high complexities.

• You will join cross-functional product development teams that also include representatives from marketing, systems, illustrations, legal, and contracts, to represent Pricing's interests and concerns.

• Independent stakeholder management in both working level and team lead level.

• Developing enhanced pricing techniques to reflect emerging issues such as guarantee costing, in force portfolio leveraging, and others.

• Working closely with Product Managers and Distribution on product design objectives that meet the needs of our customers in multiple distribution channels.

• Presenting product financial results and explain key challenges and constraints at each step of the process to key stakeholders, including technical and non-technical audiences.

• Collaborating with Sales and Marketing, Legal, Compliance, Operations, and Risk Management teams in pricing projects.

• Independently negotiating reinsurance terms, which can affect the pricing and risk management of insurance products.

• Leading product approval negotiation with Corporate / Regional and Regulator.

• Leading in the annual planning and budgeting cycle.

Key Responsibilities:

- Developing innovative new products meeting marketing, profitability, and risk management goals
- Directly leading key product initiatives with medium to high complexities
- Representing Pricing's interests and concerns in cross-functional product development teams
- Independently negotiating reinsurance terms

Qualifications:

• Good progress in actuarial exams, qualified or nearly qualified in a globally recognized actuarial association.

• 8 or more years of relevant work experience.

• Excellent analytical and problem-solving ability combined with very strong technical actuarial skills.

• Risk management focus, with ability to see beyond traditional measures and identify emerging issues.

• Ability to respond to changing demands from multiple stakeholders and prioritize needs and results while working under deadline pressure.

• Knowledge of IFRS and statutory reporting including earnings emergence, and capital, as well as the various profit metrics used in pricing.

• Experience with individual life insurance (product development or valuation) is an asset.

• Strong communication and interpersonal skills.

As a valued member of our team, you can expect a competitive compensation package, opportunities for professional growth and development, and a collaborative work environment.

Our company values diversity and inclusion, and we strive to create an inclusive culture where everyone feels valued, respected and empowered to contribute their best work.

We offer flexible work arrangements and a range of benefits to support your physical, mental and emotional well-being.

We recognize and reward outstanding performance and contributions to our organization, and we provide opportunities for career advancement and professional growth.

We maintain a culture of open communication, transparency and accountability, and we empower our employees to take ownership of their work and make decisions that align with our company values.

We foster a culture of innovation and experimentation, and we encourage our employees to think creatively and try new approaches to solve problems and achieve results.

We celebrate diversity and promote inclusivity in all aspects of our business, including hiring, promotion, retention and development.

We are committed to making a positive impact on our community and society, and we partner with organizations and initiatives that share our values and mission.

Please note that this job description is not intended to be an exhaustive list of all responsibilities, duties, and requirements of the job. The Company reserves the right to modify, add or remove duties and responsibilities as required by the business needs.

The Company is an equal opportunity employer and welcomes applications from diverse candidates. We are committed to creating an inclusive work environment that reflects the diversity of our customers and communities we serve.