Executive Pricing Manager

Company: Irish Life Group Services Limited
Full Time Permanent positionHybrid role based in our City Centre officesWhat we offerWe have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week.
We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support to name but a few.
At Irish Life, our purpose is to help people build better futures.
Our company values shape everything we do and underpin our vision of being the driving force behind Ireland's financial, physical, and mental well-being.
We believe in doing the right thing—acting with integrity and making fair, responsible decisions.
We aim high, setting ambitious goals and find better ways to innovate and improve.
Our customers are at the heart of everything we do and we are dedicated to understanding their needs and exceeding their expectations.
Achieving this is only possible when we work best together—in a supportive, collaborative environment where every idea and contribution is valued.
Irish Life is recruiting for two Executive Pricing Managers.
Reporting to the Head of Pricing, the role holders will contribute strongly to the delivery of the 'Better Futures Strategy 2028' as a key member of the Products and Pricing Leadership Team.
Working with Irish Life presents an exciting opportunity to be part of one of Ireland's leading financial services companies, known for its innovation, stability, and strong reputation in insurance, pensions, and investments.
The company fosters a dynamic and collaborative work environment, offering career growth, learning opportunities, and strong employee benefits.
What you will help us to achieveAs an Executive Pricing Manager and a member of the Products and Pricing Leadership Team, you will play a pivotal leadership role in shaping the company's pricing strategy, risk management, and overall business performance.
This is an exciting opportunity to lead a high-performing team, drive data-driven decision-making, and collaborate with senior stakeholders to ensure competitive and sustainable pricing models.
Insurance and Financial Solutions (IFS) is responsible for the development and monitoring of the full range of life insurance, pension, health insurance and investment products that Irish Life offers across a wide range of channels to both individual and corporate customers.
The Executive Pricing Manager is responsible for leading pricing teams to achieve excellent customer outcomes, whilst meeting sales, business profitability and business growth targets.
More specific responsibilities will includeLead a team of pricing and product specialists responsible for the pricing and ongoing product governance of insurance products.
Support the product design and pricing of products to meet IFS profitability and capital efficiency targets and to appropriately price commission remuneration structures.As a key influencer of business strategy and development, provide thought leadership and insight to support Irish Life in making the right strategic and tactical decisions.Foster a high-performance team and culture by mentoring, coaching, and developing team members.
Identify skill gaps, provide growth opportunities, and support career progression through training, feedback, and leadership development initiatives, ensuring a strong talent pipeline for future business success.As we execute our Better Futures Strategy taking a customer centred view of pricing across all products that maximise customer value while delivering on stakeholder requirements.Build and maintain key mutually beneficial relationships across Irish Life, the wider Lifeco group and externally with key stakeholders and business partners.Work in partnership with Propositions, Distribution, Actuarial, Risk and Compliance areas to deliver compelling customer products and price points.Maintain a deep knowledge of Irish Life's products, markets, distribution channels, competitor positions and regulation including the wider financial services sector.Develop reinsurance and other risk management structures including assessing the appropriateness of retaining or mitigating risks, to identify a range of structural options and to negotiate reassurance treaties with partner reinsurers through regular tendering.Oversee risk management for the product and pricing area and sign off on all risk aspects (customer, shareholder and reputational) of new product development and assess the impact of regulatory changes on product design.Ensure full compliance with Group Policies and Standards, including the Underwriting and Product Oversight and Governance Policies and other relevant Policies and pricing standards.Oversee the development of policy Terms and Conditions and Customer Information Notices to disclose all commission and charges to the customer in line with the Irish regulatory standards of actuarial practice.Work collaboratively with IT and systems teams to ensure that products and pricing are implemented correctly.Work closely with the respective HoAF of ILA who is accountable under SEAR for reinsurance arrangements in ILA.Participate strongly and effectively as a member of the Product & Pricing Leadership Team to contribute to and support achievement of our 'Better Futures Strategy' objectives.Build a culture with an inherently strong system of compliance with regulatory requirements as well as internal controls where improvements in the analysis and management of risk is encouraged.What you will need to be successful in the roleThis is an exciting opportunity for an experienced Actuary.
The ideal candidate will be / will have:
Strong, proven experience in senior management positionQualified Actuary with a minimum of 5 years post qualification experience.Strong knowledge and experience of product pricing, risk management and product regulation across Irish Life's products.Excellent analytical and problem-solving capability and capacity to see wider business implications of pricing and product management decisions.Well-developed commercial awareness and negotiating skillsDrive for customer satisfaction, putting the customer at the heart of the business and effectively co-ordinating all aspects of their role to maintain a focus on bringing value to the customer.Strong collaboration skills and ability to work with a range of business units and functions to achieve overall strategic and business targets.Proven leadership skills and experience in leading a high performing team of professionals that deliver on commitments.Excellent stakeholder management skills with a deep understanding of their requirements, including the various Regulators, Board of Directors, Board Audit and Board Risk Committees as well as the various other governance requirements.Track record in developing, implementing and delivering on strategic plans and innovations and implementing change.Knowledge of Irish protection, investment and pension markets, distribution channels, and competitor positions including the wider financial services sector.About usIrish Life is one of Ireland's largest financial institutions with a presence across a range of financial services markets.
We are one of Ireland's leading financial services groups with over 1.5 million customers.
For over 80 years, we've been helping people to look after their life insurance, pension and investment needs, and more recently their health insurance.
It is a subsidiary of Great-West Lifeco and a member of the Power Financial Corporation group of companies.
We are proud of our culture of developing and supporting the growth and professional development of our people.
The focus has resulted in a team of top talent with high standards, positioning us at the forefront of our industry.
Application ProcessIf you feel you would be a great fit for this role, please discuss your interest in the position with your line manager first.
We then welcome you to submit your application (CV and Cover Letter) via the SuccessFactors portal.
Applications are to be made through this location only, we don't accept email applications.
If you are currently an External Contractor working in the Group, please contact ****** for further details before submitting an application.
Please note the closing date for receipt of applications is 24/04/2025.
Applications will not be accepted after this date.
The post will be advertised across the Irish Life/ Canada Life Group.
If you are successful in this process, the standard terms and conditions of the new role (and if applicable new business unit) apply.
The new terms and conditions may differ from your current terms and conditions.
These changes may affect benefits such as Health benefit/allowance, Flexi leave/Flexi time arrangements, Pension Contributions or your Bonus range so it is very important to check and understand what changes may apply to you should you be successful in the selection process.
We reserve the right to select a shortlist from the applications received.
The selection process employed will be at the discretion of the Group.
We have sized this role at the job grade noted above however we reserve the right to underfill this role if required, at the grade most suited to the successful candidate in the process.
ILGLsupports Equal Opportunity.

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