Senior Manager, Pricing Actuary

Benefits

Additional Information

Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed. Role & Responsibilities: Lead the health pricing function, setting pricing strategy and providing technical direction to ensure products are commercially competitive, financially sound, and aligned with business objectives. Oversee actuarial analysis, pricing models, and assumption setting for health products, ensuring robust technical review and sound recommendations to support management decision-making. Act as the key health pricing lead in working closely with product, underwriting, claims, finance, distribution, and other stakeholders to align pricing recommendations, product design, and implementation plans. Monitor portfolio performance, market developments, competitor activities, and regulatory changes to identify risks, opportunities, and required pricing or product actions. Lead engagement with the OIC on pricing and product-related queries, providing technical explanations and working closely with the regulator to support mutual understanding and ensure compliance with health insurance regulations and filing requirements. Lead, coach, and develop junior team members by providing day-to-day guidance, technical review, work prioritization, and support on stakeholder communications to build a strong and capable health pricing team. Manage pricing governance and support product approval processes, including preparation of pricing justifications, review materials, and submissions required for internal committees and regulatory approval. Minimum requirements: Bachelor's degree in actuarial science, Mathematics, Statistics, or a related field. ASA or continues professional education through taking and passing actuarial exams is preferred. Minimum of 7-8 years of experience in health insurance pricing or related actuarial field. Strong analytical and problem-solving skills. Excellent communication and presentation skills. Proficiency in actuarial software and tools (e.g., SQL, Prophet, Excel, AI). Ability to work collaboratively in a team environment. Knowledge of health insurance regulations and market dynamics. Key Attributes: Strong strategic and analytical mindset, with the ability to translate complex health pricing issues into clear business insights and practical recommendations. Deep technical expertise in health insurance pricing, product design, actuarial modeling, and assumption setting, with sound judgment in balancing commercial, financial, and regulatory considerations. Strong communication and stakeholder management skills, with the ability to work effectively across teams and clearly explain technical matters to business partners, senior management, and regulators. Proven people management and team leadership capability, including coaching, developing, and motivating junior staff, allocating work effectively, and fostering a collaborative, accountable, and high-performing team environment. High level of ownership, attention to detail, and professionalism, with a strong focus on quality, governance, timely delivery, and compliance with internal and external requirements. Strong understanding of health insurance regulations, market developments, and regulatory expectations, with confidence in engaging with the OIC and guiding the team on compliance-related matters. Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.