Health Pricing Team Lead

Health Pricing Team Lead is responsible for delivering accurate, well-governed and commercially sound actuarial pricing work The role is the principal technical and delivery partner to the Health Pricing Officer, with responsibility for coordinating the team, reviewing outputs, developing capability and escalating material risks or decisions requiring officer approval.

This role combines actuarial work, quality review, project coordination and people development. The Team Lead Will turn portfolio insights into practical pricing recommendations, ensure robust documentation and controls, and help the team deliver product development, repricing and profitability initiatives on time

Position Responsibilities

1. Health pricing delivery

• Lead and coordinate pricing activities for new health products, product enhancements, repricing, portfolio actions and business opportunities of varying size and complexity.
• Develop and review premium rates, benefit structures, pricing assumptions and profitability results in consultation With Product Proposition and Development, Distribution, Finance, Risk, Operations and Other relevant teams.
• Balance profitability, competitiveness, customer value, distribution needs end long-term sustainability When developing recommendations.
• Maintain clearworkplans, dependencies and timelines; promptly elevate delays, trade
  -Offs and decisions to the Health Pricing Officer.
• Provide hands‑on actuarial analysis and modelling support when required, particularly for complex or high‑priority initiatives

2. Portfolio management and repricing

• Partner with the Experience Study and Health Analytics teams to assess claims, persistency, utilization, expenses and Other emerging portfolio experience.
• Translate experience into pricing, repricing and portfolio management options, including clear financial, customer and implementation implications.
• Monitor actual performance against pricing expectations and identify early warning indicators, emergng risks and opportunities.
• Support scenario testing and management recommendations for health portfolio actions, ensuring that assumptions, sensitivities and limitations are transparent

3. Pricing governance and quality assurance

• Ensure pricing work follows company policies, Corporate Pricing Standards, actuarial practice requirements and applicable regulatory expectations.
• Perform technical peer review of models, assumptions, calculations, profitability metrics and pricing documentation before submission to the Health Pricing Officer.
• Maintain complete and audit‑ready pricing records, including methodology, data sources, approvals, model changes, sensitivities and key judgements.
• Identify, assess and communicate material pricing and portfolio risks; elevate matters requiring independent review, exception approval or senior management decision.
• Support model governance, control testing and remediation of pricing issues, with clear ownership and closure tracking

4. Product development and stakeholder partnership

• Contribute actuarial insight throughout the product development process, from concept and feasibility through approval, implementation, launch and post‑launch monitoring.
• Work closely with Product Management and Distribution to shape propositions that are understandable, competitive and financially sustainable.
• Prepare concise pricing recommendations and materials for governance forums and senior stakeholders, clearly explaining choices, risks and trade‑offs.
• Coordinate actuarial inputs with implementation teams to ensure approved rates, benefits and assumptions are correctly reflected in systems, policy documents and launch materials.
• Support responses to internal, regional, external auditor and regulatory queries relating to health pricing.
• Team leadership…