Product Pricing, Senior Principal (Associate Director)

Responsibilities

• To take ownership and responsibility of the sustainable profitable growth of new business for one / multiple product line(s).
• To lead the Research and Development, that is relevant to the product line, in collaboration with technical teams to :
• Actively exploring levers and tools to improve the productpetitiveness and / or financial oues / resilience through enhancing the profit emergence in EV / IFRS 17 / HKRBC, the ALM and investment strategy, and the risk management approach
• Keeping abreast of and to uncover the underlying dynamics of the latest claim, policyholder behavior, and expense experience of the product line to identify opportunities and risks and to propose / set assumptions and modelling approaches.
• Preparing for changes in the regulatory frameworks and to lead / participate in projects that shape favorable regulatory oue for thepany.
• Regularly updating Pricing R&D documents for discussion / endorsement / approval of assumptions, measurement and management approach to enhance the product pricing oues of the product line.
• To develop, monitor and evolve product pricing strategy for a product line, in partnering with Head of Product Pricing
• Formulating the product pricing strategy, with the identification of R&D enablers, suitable new products and management actions topete for and take advantage of market opportunities.
• Monitoring of the new business sales and financial performance as well as the market landscape to identify weakness and opportunities to evolve the product pricing strategy.
• Collaborating with Propositionmunities and other functions to develop process and system required to support the product pricing strategy, in particular, the speed to market and agility of the process to react to changing market conditions / landscape.
• Influencing the direction of product development discussion, leveraging on the product pricing strategy, to support effective product development.
• To support the Head of Product Pricing and wider Propositionmunities to work collaboratively with channels to develop products, new business campaigns, and product propositions.
• To support the Head of Product Pricing in the preparation of material for management discussions, PDC and LUSEB meetings, and other responsibilities / duties as assigned.
• To provide technical, project and stakeholder management guidance and support to the pricing team heads in their delivery of pricing projects of your product line.
• To align the efforts / resources of the product pricing activities to the economic values they generate and the product pricing strategy.

Minimum Job Requirements :

Others :

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Job ID JR-57493