Head : Life Actuarial Product Development & Pricing

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Head : Life Actuarial Product Development & Pricing

Provides strategic leadership for life insurance product development and pricing across Hollard's international businesses.

The role ensures products are competitively designed, financially sound, and compliant with regulatory and Treating Customers Fairly (TCF) principles.

The incumbent drives innovation and profitability, aligns product strategy with Hollard International's growth objectives, and develops actuarial talent across the regions.

Reporting Structure

Reports into the Head of Actuarial Services and collaborates with the Executive team.

This role interacts with Hollard Group's broader Actuarial community, including domestic and international peers.

Key Responsibilities

Strategic Leadership & Product Strategy

Sets strategic direction for product development and pricing across all Hollard International markets.

Aligns product strategies with corporate goals and local market opportunities.

Owns the product roadmap, presents recommendations for new products / enhancements to senior executives, and scans market trends for innovation.

Product Development & Pricing Oversight

Leads design, development, and pricing of individual and group life insurance products in multiple territories.

Guides new product innovation, ensuring features address market needs and strategic initiatives.

Owns pricing models and assumptions, conducts profit testing, and updates models based on experience and data.

Ensures thorough documentation and statutory sign-off for product approvals in each jurisdiction.

Existing Product Management

Oversees regular pricing reviews and benefit structure revisions.

Reviews actual experience (claims, lapses, expenses) and adjusts rates / benefits to maintain sustainability and competitiveness.

Ensures TCF principles are embedded in all product decisions.

Reinsurance Management

Manages reinsurance strategies, negotiates terms, and incorporates arrangements into product design.

Maintains governance standards throughout the product lifecycle, enforces internal controls, and ensures compliance with actuarial control function requirements.

Financial Performance

Monitors and reports on the financial performance of the life product portfolio.

Conducts experience investigations to validate and refine pricing assumptions.

Uses analysis results to recommend updates and ensure pricing reflects actual experience.

Regulatory & Compliance Management

Ensures regulatory requirements are integrated into product development and pricing.

Coordinates product approval submissions, addresses regulator queries, and secures timely approvals.

Participates in governance committees to review marketing materials and policy documents for compliance.

Stakeholder Engagement & Collaboration

Acts as key liaison for product pricing and development, engaging internal and external stakeholders.

Partners with business heads, product managers, and distribution teams to align offerings with market strategy.

Collaborates with cross-functional teams (Valuations, IFRS17, IT, Operations, Finance, Risk) and external partners (reinsurers, bancassurance, joint ventures).

Leadership & Team Development

Directly manages the PD&P team, sets objectives, and oversees deliverables.

Mentors junior actuaries and analysts, fosters a learning environment, and builds depth in the team.

Upskills in-country actuarial resources, develops training materials, and runs workshops.

Conducts performance evaluations, identifies high-potential talent, and prepares succession plans.

Seniority Level

Director

Employment Type

Full-time

Job Function

Product Management and Marketing

Industries

Insurance

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